Frequently Asked Questions

To apply for a business loan call 1.866.FCB 4BIZ (1.866.322.4249) weekdays between 8:00 a.m. and 8:00 p.m. Eastern time or visit your local branch.

A term loan provides financing for capital expenditures (such as vehicle or equipment needs or fixed assets) that are regularly amortized over a period of time. A line of credit allows you to easily access funds whenever you need them for short-term financing needs. And a lease can help you with vehicle and equipment financing, with potential tax benefits.

If you prefer knowing what your interest rate and payment will be throughout the life of your loan, you should consider a fixed rate loan. In contrast, a variable interest rate loan may give you a lower rate and payment amount initially, with the chance that the rate and payment may rise or fall in the future.

Your personal guarantee may be needed depending on the size and type of your credit request.

Yes. We have various lines of credit to meet your business's cash flow needs and will work closely with you to determine what line of credit is best for your business. To get started, call 1.866.FCB 4BIZ (1.866.322.4249) weekdays between 8:00 a.m. and 8:00 p.m. Eastern time or visit your local branch.

Start by talking with your First Citizens banker. We can help you determine what financing you need based on your business plan and model. You can also start the process by calling 1.866.FCB 4BIZ (1.866.322.4249) weekdays between 8:00 a.m. and 8:00 p.m. Eastern time or visiting your local branch. Another good place to start is the U.S. Small Business Administration¹, Opens in a new tab website, which has tools and resources to help you in the planning stages of starting your own business, including determining if an SBA loan is right for you.

The U.S. Small Business Administration helps finance new businesses and helps existing businesses flourish through a federal loan program.

No.