As we head into a new year, many small business owners are thinking about growth—whether that means expanding operations, hiring staff, purchasing equipment, or strengthening cash flow. Access to capital can make those goals possible. As a trusted Community Development Financial Institution (CDFI) and Certified Development Company (CDC), FSC First is here to help businesses prepare for and use capital wisely.
Before applying, here are three important things to know to help you get ready and improve your chances of success.
1. Get Your Financials Ready
Up-to-date financials are one of the most important parts of a capital application. Lenders use this information to understand your business’s financial health, ability to repay, and overall readiness. Reviewing basic eligibility early also helps streamline the process.
Before applying, make sure you have:
- Recent profit and loss statements
- A current balance sheet
- Cash flow projections
- Business and personal tax returns
- Active registration and good standing
- An understanding of repayment ability and collateral expectations
FSC First will review your information and determine the most appropriate financing program based on your business profile and needs.
2. Know How You Will Use the Capital
It’s important to clearly explain how much capital you need, how it will be used, and how it supports sustainable growth without creating unnecessary financial strain.
Common uses of capital include:
- Purchasing equipment or inventory
- Expanding operations or services
- Hiring and training employees
3. Be Ready to Secure the Loan With Collateral
FSC First loans are secured, meaning collateral helps secure the loan and reduce risk for both you and the lender. Collateral may include both business and personal assets, and personal guarantees are required.
Eligibility may include:
- Real estate (often the strongest form of collateral)
- Business equipment (owned or being purchased)
- Business assets such as inventory or accounts receivable
Start 2026 Prepared—FSC First Is Here to Help
Preparing for capital is one of the best ways to start the new year strong. FSC First supports small businesses not just with funding, but with guidance and technical assistance along the way.
If you need help preparing your financials or understanding collateral expectations, our team is ready to support you. After reviewing your information, an FSC First loan officer will determine the most appropriate financing program based on your business needs and eligibility.
Visit www.fscfirst.com or contact FSC First to learn more about small business capital opportunities in 2026.
