City National Bank of Florida provides the financial resources and tools you need to help grow your business. We are a ready source of funding to keep your business running smoothly day in and day out. You can count on local, responsive decision-making on your business loan requests.
We offer a full array of lending products tailored to your individual business needs:
Revamp your business. City National Bank of Florida is here to help.
Take part in the SBA's flagship lending program. 7(a) is an affordable and accessible financing solution for small businesses, including borrowers who may not qualify under traditional guidelines.
Wide range of eligible uses of proceeds including:
In partnership with industry-leading technology partner Smartbiz, our streamlined online application and expedited approval process make it fast and convenient to get the funds you need to grow your business.3
Apply now and instantly see if you pre-qualify without affecting your credit score!4
Small Business Administration (SBA) Lending Programs are subject to SBA eligibility guidelines and credit and collateral approval. Certain fees and other restrictions may apply. Eligible borrowers must meet all criteria as defined by the Small Business Administration (SBA). Terms and conditions subject to change.
3City National Bank of Florida and Smartbiz Loans are separate legal entities, which are not affiliated with each other in any way by common ownership, management, control, or otherwise. The content, availability, and processing accuracy of their websites and products are the responsibility of each respective company. City National Bank of Florida makes no representations or warranties as to the suitability, accuracy, completeness, or timeliness of the information provided, including any information provided by third parties.
4Smartbiz conducts a soft credit pull that will not affect your credit score. However, in processing your loan application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and happens after your application is in the funding process.
SBA loans are designed for use by for profit businesses.
Discover the Power of SBA 7(a) Standard Loans for Your Business
Are you a small business owner looking for funding options to grow your business? The Small Business Administration's 7(a) Standard Loan program might be the one for you! With favorable terms and flexible financing, this loan program is designed to help you and your business succeed.
Wide range of eligible uses of proceeds including:
Discover the flexibility, security, and support that SBA 7(a) Standard Loans can provide for your business.
Take the first step towards securing an SBA 7(a) Standard Loan for your business. Contact us today to learn more and start your application process. Let us help you unlock the growth potential of your business!
5Term: 10-25 years. Based on use of proceeds.
6Flexible interest rates as long as it falls within the SBA's maximum limits. This ensures your loan remains affordable and manageable.
7Access to revolving lines of credit for up to 10 years with the CAPLines submission. Allows for financial flexibility and ongoing support of business needs.
SBA 504 loans offer long-term, fixed-rate financing to keep your growing business on the right track. The 504 term loan is generally funded from three sources: CNB, the SBA and borrower's equity.
Use proceeds to:
SBA loans are designed for use by for profit businesses.
Term Loans
Purchase items that will help grow your business. Loan amounts range from $250,000 to $1,000,000
Lines of Credit
Meet your short-term funding needs, such as seasonal cash flow issues or unexpected opportunities. Credit Lines range from $250,000 to $1,000,000.
Our other conventional financing products include:
City National Bank of Florida has partnered with ERC Advisors USA to help you unlock substantial government stimulus for your business!8
What is ERC?
Employee Retention Credit (ERC) is a government stimulus program created to support businesses that were able to retain their employees during the Covid-19 pandemic.
Established by the CARES Act, ERC is a refundable tax credit – that you can claim for your business. This program is available to small and mid-sized businesses and is based on qualified wages and healthcare paid to employees.
How much money can you get back?
You can claim up to $5,000 per employee for 2020. For 2021, the credit can be up to $7,000 per employee per quarter.
How do you know if your business is eligible?
To qualify, your business must have been negatively impacted in either of the following ways:
Ready to get started?
Click the link below to learn more and submit your application! You may be one of the 70-80% of U.S. businesses that qualify for ERC.9
8City National Bank of Florida and ERC Advisor USA are separate legal entities, which are not affiliated with each other in any way by common ownership, management, control, or otherwise. The content, availability, and processing accuracy of their websites and products are the responsibility of each respective company. City National Bank of Florida makes no representations or warranties as to the suitability, accuracy, completeness, or timeliness of the information provided, including any information provided by third parties.
9Source: https://www.forbes.com/sites/deanzerbe/2022/02/15/employee-retention-credit---still-the-one-the-latest-update/
1Loan products are subject to credit approval and program requirements. Terms and conditions apply. This is not a commitment to lend. Loan programs, terms, rates, and conditions are subject to change without notice.
2Subject to certain program credit guidelines and eligibility
The FDIC Money Smart Program is designed to boost your financial skills. You can explore Money Smart resources, as they are available 24/7.
These tools are free of charge and available for all, so remember to share the tools with your family and friends.
Explore The FDIC Money Smart Program
Please note: City National Bank of Florida does not offer tax, legal or accounting advice
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