On this month's Morning Blend, Tom Meyer, Executive Vice President of Community SBA Lending at Centrust Bank, shared valuable insights into a question every growing business faces: When is the right time to borrow big?
Many business owners hesitate to take on large financing, especially SBA loans of $350,000 or more. But as Tom explained, the key to smart borrowing isn’t just about the size of the loan, it’s about timing.
With SBA 7(a) loans from Centrust Bank, businesses may access long-term financing with lower down payments and flexible terms, making it easier to fund major initiatives without putting cash flow at risk.
Tom outlined several strategic uses for these loans, including:
One of the most important points he made? “You shouldn’t wait until you’re in a bind to apply. The best time to secure financing is when you’re stable and looking to scale.”
The current economic environment makes now a compelling time to act. With interest rates leveling off and business confidence on the rise, more owners are realizing that borrowing smart may be a launchpad for long-term growth.
At Centrust, SBA lending isn’t a transactional process , it’s a partnership. The bank works closely with owners to match loan structure to strategic vision, offering guidance from application to funding and beyond.
Watch the full clip here: