CBB Bank - Commonwealth Business Bank

It's essential to work closely with your lender to ensure you provide all the necessary documentation and information required for your SBA loan application. Standard requirements may include these: • Business Plan A detailed business plan outlining your company's history, objectives, market analysis, marketing strategy, financial projections, and management structure. • Personal Background Resumes of key management personnel, highlighting relevant experience and skills. • Personal Financial Statement A comprehensive list of your personal assets, liabilities, income, and expenses. • Business Financial Statements Financial statements for the past three years, including income statements, balance sheets, and cash flow statements. If your business is a startup, provide projected financial statements. • Business Tax Returns Copies of your business tax returns for the past three years. • Ownership and Affiliations Information about your business's ownership structure and any affiliated businesses. • Use of Loan Proceeds A detailed explanation of how you intend to use the loan proceeds and how it will benefit your business. • Legal Docs Copies of relevant legal documents, such as business licenses, articles of incorporation, leases, contracts, and franchise agreements. • SBA forms Completion of specific SBA forms required, such as SBA Form 1919 (Borrower Information Form) and SBA Form 413 (Personal Financial Statement). Contact us today or visit one of our branches today to start your application. https://bit.ly/4ctvEyV

We've got your back when it comes to small business banking because we've got what it takes to grow your business. Ask the experts on how we can help your business today. #SyncupforSuccess

Since the COVID-19, SBA has made the support easier for small businesses to access capital by waving fees on SBA 7(a) loans of $1M and under. https://bit.ly/3L8sjJN • Accessibility By eliminating the fee for loans of $1M or less, the SBA is making it easier for small businesses to access vital financing. Whether you're a startup looking to launch your dream venture or an established business seeking expansion capital, now is the time to take advantage of this unprecedented opportunity before the offer ends in September. • Cost Savings With the fee waived, small businesses can save thousands of dollars on loan-related expenses. These savings can be reinvested into your business, used to hire new talent, upgrade equipment, or expand operations, accelerating your growth trajectory. • Flexibility SBA 7(a) loans offer unmatched flexibility, with funds that can be used for a wide range of purposes, including working capital, equipment purchases, inventory, and business acquisitions. • Streamlined Process The $0 guarantee fee simplifies the loan application process by reducing paperwork and administrative burdens for small business owners. With fewer barriers to entry, you can expedite the financing process and access the funds you need to seize opportunities and overcome challenges. Ready to propel your business forward? Contact our SBA specialists today to learn more about how you can take advantage of this offer and secure the funding you need.

🚀 Are you a small business owner looking to secure financing to fuel your growth and expansion plans? Navigating the SBA loan application process may seem daunting, but by following these steps, you can increase your chances of getting approved for an SBA loan. Getting the business loan approved for an SBA involves several key steps: • Understand SBA Loan Programs: Familiarize yourself with the various SBA loan programs available, such as the SBA 7(a) or SBA 504 loans, and determine which one suits your needs best. • Meet Eligibility Requirements: Ensure your business meets the SBA's eligibility criteria, including being a for-profit business operating in the United States, meeting size standards, having a solid business plan, and demonstrating the ability to repay the loan. • Prepare Documentation: Gather necessary documents such as business financial statements, tax returns, business plans, personal financial statements, and any other documents required by your lender or the SBA. • Complete Loan Application: Fill out the SBA loan application provided by your chosen lender. Be thorough and accurate in providing information about your business and financial situation before submitting. Ensure everything is complete and organized to expedite the process. • Wait for Approval: The lender will review your application and documentation, and if everything meets the requirements, they will submit the application to the SBA for approval. • Negotiate Terms: Work with your lender to negotiate loan terms such as interest rates, repayment schedules, and collateral requirements. • Close the Loan: Once approved, review and sign the loan documents. Your lender will then disburse the funds to you, and you can start using the loan for its intended purpose. • Manage the Loan Responsibly: Use the loan funds wisely and make timely repayments to maintain a positive relationship with your lender and the SBA. CBB SBA specialists can help you understand the specifics of the program you are interested in. Submit your inquiry here to begin your journey today. https://bit.ly/3zq54s2

When it's time to grow your business, you want a banker who treats you like a person, not a number. With a process that's simple, efficient, and above all personalized, CBB Bank can support your business growth. https://bit.ly/4bzRDTw

Today, we celebrate the freedom and opportunities that our great country offers. We also want to thank our dedicated employees who work tirelessly to support our clients’ financial goals and ambitions. Wishing everyone a safe and joyous Independence Day filled with pride and celebration. 🎆

Did you know that implementing Treasury Management Services can boost your business efficiency and profitability? Here’s how: • Optimize Cash Flow: Better resource allocation and timely payments improve financial health. • Mitigate Risks: Minimize financial risks like interest rate fluctuations and currency risks. • Enhance Efficiency: Streamline operations, reduce costs, and improve cash flow management. • Maximize Returns: Strategic investments lead to higher returns on surplus cash. • Cost Savings: Effective debt management lowers borrowing costs and enhances financial performances. See how business owners are benefiting from CBB Bank for business by talking to us today. https://bit.ly/4cohNJF Call us at (877)522-2867 or visit our branches near you.

Convenient, efficient, and safe are three "must-haves" when it comes to business banking. ACH debit payments process automatically, eliminating the need for customers to remember to pay and saving you from waiting for payments. If you are curious about how our Treasury Management Service(TMS) team can help you leverage ACH debit for your business, contact us today at (877) 522-2867. https://bit.ly/45qmwsc

Are you familiar with Positive Pay? Positive Pay is an essential tool for businesses seeking to enhance their financial security and mitigate the risks associated with check and electronic payment fraud. You can protect your business from unauthorized transactions and have greater peace of mind by incorporating this service. Learn more by contacting our Treasury Management Service (TMS) team today. https://bit.ly/4b6oyie

Treasury management plays an important part in financial planning for your business. The 3 key components of treasury management include: • Send & receive payments. • Manage operational, reserve, and strategic cash with a full continuum of liquidity solutions. • Help protect your company from unusual activity and payments fraud. Effective treasury management is essential for ensuring the financial stability, liquidity, and profitability of an organization. It requires a combination of financial expertise, technology, and strategic decision-making to achieve the organization's financial goals and objectives. Call us today at (877) 522-2867 to consult with our Treasury Management Services team. https://bit.ly/3VVUf9J