Rochester, NY Small Business Loans
Make your business bloom in the Flower City with support from Pursuit
Rochester, NY: Entrepreneurial Appeal Built on a Legacy of Success
Is it the mix of urban sophistication, hometown friendliness, and intellectual achievement that makes Rochester one of Upstate New York’s most attractive cities? Or its supportive business environment – one that’s fostered several of the world’s most influential companies and well-known brands, such as Eastman Kodak, Xerox Corp., and Bausch & Lomb, and contemporary powerhouses, like beverage giant Constellation Brands and upscale grocer Wegmans Food Markets?
Rochester has all this and more! As a starting ground for big business names, there are many options for business loans in Rochester to fund your ambition.
Pursuit is approved to offer SBA loan products in Rochester, NY under SBA’s Preferred Lenders Program & SBA Express Program.
Businesses funded in Rochester, NY and the Finger Lakes since FY2023
Funding Businesses in Rochester, NY and the Finger Lakes
Rochester has many business corridors, including the Inner Loop, East End, Cascade District, and Midtown District. Several neighborhoods are undergoing redevelopment and offer great opportunities and incentives to make your mark as an entrepreneur.
Pursuit has worked with small businesses from the heart of downtown Rochester, to Canandaigua, Geneva, and beyond. You’ll find financing solutions for commercial real estate, working capital, and more when you work with our team of lending experts.
- "Whenever I had questions, Pursuit was ready and responsive. And the online portal for documents made the process really efficient."
- "The loan terms were so much better with the SBA Microloan...and the loan process was easy and fast."
- "There were so many unknowns, but our Pursuit team was terrific...there was a lot of work that Pursuit did for us behind the scene to makes this work."
Business Loan Programs in Rochester, NY,
and the Finger Lakes
Frequently Asked Questions
You’ll find loans for nearly any business need in Rochester, NY! Your business bank will likely offer more conventional term loans and lines of credit, and then there are alternative lenders like Pursuit who offer SBA loans and options with more flexible qualification requirements. You can finance everything from working capital needs to commercial real estate purchases with the loan options available in Rochester.
Yes! The City of Rochester offers grants and support programs for small businesses, including the Business Development Financial Assistance Program and the Neighborhood Commercial Assistance Program. The city also has a partnership with Kiva to provide low-cost microloans to Rochester-based businesses. Pursuit offers a wide range of business loan programs to Rochester business owners, from startup financing through the Main Street Capital Loan Fund, to commercial real estate financing through the SBA 504 program.
There are many ways to use a small business loan to grow your business. You can take on new opportunities that require additional investment to be successful or make the move to expand your space through renovations or buying real estate. You can also use a business loan to refinance higher-cost debt and keep more money in your business by lowering your monthly payments. These are all great ways to grow your business through financing!
Interest rates and repayment terms vary by lender and the loan program that best fits your needs. In general, you want to secure a loan with terms that align with what’s being financed. For example, if you’re purchasing commercial real estate, which has a longer “life” than a smaller piece of equipment, you should look for loan programs with longer repayment terms. When you’re in the application process, ask your lender about the rates and terms available for your business, and be sure you know the loan terms before signing any agreements.
Yes! Pursuit offers the Minority- and Women-Owned Business Loan Fund for business owners in Rochester, the Finger Lakes, Western New York, and Central New York. Through this program, eligible business owners can access up to $50,000 at a fixed 7.75% interest rate for nearly any business need.
