Best Small Business Loans in New York

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What type of New York small business loan should I choose?

No matter what type of New York business loan you need, chances are you need the money fairly quickly. While some business owners may have a difficult time finding funding, our trusted partners specialize in New York loans for all types of business owners:

If you're considering applying for a small business loan in New York, there are 3 basic loan types to choose from:

Small Business Administration (SBA) loans in New York
If you qualify for an SBA loan, this will likely be your best option. Interest rates are often more favorable than other types of small business loans which can help reduce your monthly payments.
Fixed rate small business loans in New York
Assuming you make on time payments, your interest rate will not change for the life of the loan with fixed interest rates. You may pay a slight premium at the outset (either in origination fees or the interest rate itself) but the trade is often worth it. Be sure to crunch the numbers to see if the increase in fees or interest rate will worth the peace of mind knowing your rate will never change.
New York variable interest rate loans
Often you will receive a lower interest rate at the outset with variable interest rate loans in New York. But beware. Your interest rate will fluctuate throughout the life of the loan. This can cause dramatic swings in your monthly payments, something you may need to prepare for if interest rates begin to climb. Be very careful if you're considering a New York loan with a variable interest rate

Each of the above types of small business loans in New York come with an origination fee. Origination fees vary for each loan. SBA-guaranteed loans are charged a percentage of the guaranteed loan amount, this cost is sometimes passed on to the borrower.

To fully understand the cost of small business loans in New York, compare rates with our verified loan providers today!

Actual Small Business Loans Near Customer Requests in NY

KARI T.
What type of financing would you like?

General business

How long has your business been in operation?

Less than 1 year (start-up)

How much funding are you seeking?

Less than $100,000

Do you have credit issues that may impact financing?

No

For what type of business are you seeking a loan?

A business that I am about to start

What is the primary reason you are seeking this loan?

Other

What are your approximate total business revenues over the past 12 months?

$0 revenue (start-up)

Comments

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MICHAEL A.
What type of financing would you like?

General business

How long has your business been in operation?

Less than 1 year (start-up)

How much funding are you seeking?

$250,000 - 499,999

Do you have credit issues that may impact financing?

No

For what type of business are you seeking a loan?

A business that I currently own

What is the primary reason you are seeking this loan?

Real estate purchase or commercial mortgage

What are your approximate total business revenues over the past 12 months?

$0 revenue (start-up)

Comments

"Abbatiello's Realty will be buying and fixing up houses that are condemned and foreclosed to rent them out. doing this will raise property value and bring more money into the community."