Albany, NY Small Business Loans

Your home is our home — work with a business lender that has served the Capital Region and beyond for nearly 70 years.

A Rich History of Capitalizing Albany's Small Businesses

Albany is home to New York State’s capital, and it’s also where Pursuit was founded in 1955! With its 20+ area colleges, year-round state government workforce, and proximity to New York City and the Hudson Valley, Albany is an excellent place to start and grow your business.

When you’re ready to take your amazing ideas to the next level, Pursuit is here with business loans, resources, and more to support your leap forward!

SBA and CDFI logo

Pursuit is approved to offer SBA loan products in Albany, NY under SBA’s Preferred Lenders Program & SBA Express Program.

Map of Albany, NY small business loan borrowers

Businesses funded in the Capital Region since FY2023

Funding Businesses in Albany, NY and Beyond

Pursuit is proud to be leading the way for small businesses in the Capital Region with affordable financing tailored to your needs. We’ve worked with the burgeoning technology industry in Albany, Troy, Schenectady, and beyond, hospitality businesses in Saratoga Springs and the Adirondacks, and professional services that support the State government throughout the region.

You’ll find Pursuit clients in Albany’s Warehouse District, along the Saratoga waterfront, on River St in Troy, and around Broadway in Saratoga. We’re proud to support and fund small businesses throughout the region we call home!

Business Loan Programs in Albany, NY

Frequently Asked Questions

It depends! Each program has its own interest rate and your Pursuit loan officer will specify that rate for the program that best matches your needs. The SBA 504 loan program offers below-market rates that are fixed for the life of your loan. The NY Forward Loan Fund 2 rates are between 9.5 – 12.5%. Talk to your loan officer to determine the best program for your project.
Your loan amount depends on your business’s financials, how you’ll use the funds, and the program that fits your needs. When you submit your completed application, Pursuit’s underwriting team will review your financials and your business history to ensure your loan will work for you now and in the future!
With Pursuit, your Albany, NY-based business could access startup funding through the SBA 7(a) loan program, which is available here and throughout the country. Other resources in the area can also give you insight and support for starting your business, including Innovate 518, the Small Business Development Center (SBDC), Troy Innovation Garage, and your local chamber of commerce or business improvement district.
Your repayment terms depend on the loan program for which you’re approved. SBA 504 loans can go up to 25 years for repayment terms, while others, like the SBA Microloan program, have a 6-year repayment term.
Yes! While Pursuit does not offer grants at this time, you can explore what’s available with organizations like Capitalize Albany, the Downtown Albany BID, and the Advance Albany County Alliance, among others.

Our Albany, NY Loan Officers

Nicole Deyo

Nicole Deyo
Vice President

(518) 681-1938


Dustin Krause
Managing Vice President, Senior Relationship Manager

(518) 694-8542


Ross Pancoe
Senior Vice President, Market Manager for Upstate NY

(518) 694-8567

Keri Pratico

Keri Pratico
Assistant Vice President, Senior Business Development Officer

Capital Region, North Country, Mohawk Valley
(518) 281-6495

Max Sergovich

Max Sergovich
Vice President, Sr. Relationship Manager

(518) 810-0846

Wesley Slyke

Wesley Slyke
Managing Vice President

Capital Region, North Country, Mid-Hudson, Mohawk Valley, Southern Tier
(518) 810-0851

Find the right loan for your business today

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