New York State Small Business Loans
With about 20 million residents across “the Empire State” – and millions of tourists, commuters and students living, working and visiting each day – there are endless opportunities for small businesses to thrive in New York State. All it takes are great ideas, matched with New York State business loans that help small business owners achieve your dreams.
As a leading small business lender serving businesses throughout the tri-state region, Pursuit is proud to play a part in New York State’s small business success. We provide small business loans in New York for startups, expanding businesses, acquisitions and more, including companies that are currently within our service areas or that aim to relocate here, from Long Island to the NYC metro, Buffalo to Binghamton, Albany to the Adirondacks and everywhere in between.
Among our most popular loan products are:
- SBA 7(a) loans and Community Advantage loans for general business financing, up to $5 million (maximum of $250,000 for Community Advantage). These loans can be used for a huge range of business needs, from purchasing owner-occupied commercial real estate and making leasehold improvements or renovations to permanent working capital and much more.
- Our Pursuit SmartLoan, which is available from $10,000 to $100,000, is a great choice when you need access to cash for expenses like working capital, marketing, inventory and office equipment. Applying online is easy, approvals take just two business days and funding is typically received within five days.
- SBA 504 loans that offer up to $5.5 million for commercial real estate purchases, renovations and construction, as well as equipment and machinery and related debt refinancing. They’re a great option for advanced manufacturing, wholesaling, research and development and other businesses that need commercial space and equipment. In addition, their beneficial terms, including fixed interest rates and longer repayment terms, mean that you can reinvest more money into growth each month.
- Bridge to Success loans, in conjunction with Empire State Development, for New York State’s minority- and women-owned businesses. These lines of credit, up to $200,000, provide small business financing in New York State that makes it easier for MWBE businesses to compete for state contracts.