Small Business Loans in NYC

New York City: Millions of People, Endless Opportunities

There are nearly as many opportunities for entrepreneurs in New York City as there are people: The area is diverse in every sense and people here love to support small businesses, from longtime neighborhood favorites to fresh, new endeavors. With approximately 8.4 million residents in its five boroughs, a million coming to work each day and more than 60 million visitors annually, there are truly no limits to what businesses can achieve here. And the options for small business loans in NYC are plenty.

Business ownership in the Big Apple

New York City holds promise for entrepreneurs working in just about every industry. As long as you have great ideas, solid business plans, a lot of energy and the right small business loan in NYC to get your dreams off the ground, you can achieve business ownership and growth.

The region is also home to many of the most prestigious colleges and universities, including New York University, Columbia, City University of New York, as well as specialized post-secondary programs at schools that include the Fashion Institute of Technology and Pratt. And because lifelong residents and post-collegiate graduates alike want to stay in New York, finding talented staff and consultants may be easier than elsewhere.

Creative entrepreneurs gravitate to:

  • Restaurants, bars, specialty-food production and catering
  • Hospitality and tourism
  • Galleries, small theaters, music clubs and comedy venues
  • Fashion design, interior design and graphic arts
  • Beauty and personal services

It takes stamina to live and work in New York City, and small businesses that cater to well-being thrive here, including:

  • Fitness and yoga studios
  • Massage and many other therapies
  • Nutrition consulting and meal preparation
  • Family- and child-focused wellness activities


There are also countless opportunities for business-to-business success, including:

  • Building-management and maintenance contractors
  • Financial services
  • Information technology (IT) and related fields

The outer boroughs (Staten Island, Queens, Brooklyn and The Bronx) support advanced and specialty manufacturing. Brooklyn Navy Yard is a haven for all sorts of designers and fabricators of specialty goods and Bathgate Industrial Park in The Bronx is a great location for a range of businesses that benefit from its proximity to the other boroughs, as well as Upstate New York.

We’ll help you navigate New York City’s business opportunities and challenges

There are challenges to opening and growing businesses everywhere: Among them are finding the right location for your business and having the funding you need to launch, grow and succeed. And like everything about New York City, for entrepreneurs, the challenges can feel even bigger here.

Whatever your needs, Pursuit has the knowledge, experience, resources and small business loans in NYC available to support your dreams. Among our signature loan programs are:

  • The SBA 7(a) loan, which is the SBA’s most popular business loan. These loans are developed to be affordable, with fixed interest rates and longer repayment terms. And with maximum loans up to $5 million, you’ll have the funding you need to successfully launch and grow. The SBA 7(a) works for general, day-to-day business needs, including equipment, staffing, marketing, purchasing inventory and more. You can also use it for security deposits and rent to help you lease your ideal location. In addition, the SBA Community Advantage loan is a facet of the popular 7(a) that’s targeted to supporting small businesses in underserved communities.
  • The SBA 504 is the loan of choice when your project involves the purchase, renovation or even construction of commercial real estate related to your business, with maximums up to $5 million. You can also use it for major equipment purchases and other fixed assets, as well as to refinance debt that you took on for business expenses. Owner equity is typically just 10-20%, and the longer repayment terms – up to 25 years at fixed rates – mean that you’ll have more money available each month to reinvest in your business.
  • Pursuit’s SmartLoan is the ideal choice when your business needs an infusion of cash at competitive terms. SmartLoans are available for $10,000 to $100,000, the online application can be completed in minutes, approvals are received within two business days and the money can be in your account in just five business days.
pursuit flight graphic

Reach out to Pursuit’s New York City team today!

If you can dream it, we can help you achieve it in New York City. Contact us today to learn more about how we can help your business succeed.

Find the right loan for your business today

You are about to leave the Pursuit website

Pursuit provides links from this website to other websites for your information only. Pursuit does not recommend or endorse any product or service appearing on these third party sites, and disclaims all liability in connection with such products or services. We are not responsible for the privacy practices, security, confidentiality or the content of any website other than our own. Pursuit does not represent members or third parties should the two enter into an online transaction, and recommends that you appropriately investigate any products or services prior to purchase. Questions as appropriate to the content should be directed to the site owners.