Business Lending & Financing Programs

Financing & Lending Programs Up to $10 Million

You need money to operate your business and we have money to lend.  We offer competitive loan rates with personalized service whether you're interested in a small business loan or a business line of credit.  Use the proceeds for any number of purposes:  expand or acquire a business, finance business expenses or office equipment, or purchase real estate.  Through our relationship with Newtek Small Business Solutions Company, Saratoga’s Community Federal Credit Union offers a number of loan programs to suit the needs of any small business, with financing from $50,000 to $10 million. Whether you’re expanding, refinancing your existing debt or acquiring new equipment, we can provide financing solutions to help you grow your revenue or improve your cash flow.  The experienced specialists will guide you through the process and clearly explain all lending options to determine the best fit.

Financing Programs (Non-Loan)
Loan Type Benefits Details
Accounts Receivable (A/R) Financing

Turn your receivables into working capital.  One of the most convenient and flexible financing options available, Accounts Receivable (A/R) Financing is an ideal solution for short/term cash flow needs.  Through this program you are able to accelerate cash flow by financing open invoices.  Receive cash in advance of payments due from customers, typically within 30, 60 or 90 days, providing needed capital to meet operational overhead.

Use of Proceeds

  • Working capital
  • Payroll needs
  • Take advantage of trade discounts
  • Extend credit to customers
  • Fuel business growth
  • Pay taxes

Collateral
Collateral includes receivables (house accounts).

Loan Limit Amount:
$50,000 to $1.5 million

Maximum Loan to Value (LTV):
90% of the Invoice Amount

Details
A/R Financing is not a loan, no debt is incurred

Quick and Easy Funding
Application process typically takes less time and effort than other types of financing, contact us today to learn more.

No Application Fee, Contact Us Today

Contact Request

Merchant Cash Advance

Merchant Cash Advance is not a loan—it’s the sale of your future credit card sales at a discount.  You sell a fixed dollar amount of your future credit and signature debit card sales at a discount.  Through an automated process, a fixed percentage is returned from each sale as it is settled.  The percentage paid from each sale is fixed for the life of the funding, and the advance is paid back when you get paid.

Use of Proceeds

  • Use the cash to grow, build and strengthen your business.
  • Expand inventory
  • Pay taxes
  • Pay operational expenses

Loan Limit Amount:
$5,000 to $250,000

Details
Merchant Cash Advance is not a loan

Quick and Easy Funding
Application process typically takes less time and effort than other types of financing, contact us today to learn more.

No Application Fee, Contact Us Today

Contact Request

Small Business Authority (SBA) Loans
Loan Type Benefits Details
SBA 7(a) Loan Program

Flexible term lending for small business owners.  From startup phase to the expansion of your business, you may find it difficult to overcome the requirements of traditional bank loans.  Loans available through the U.S. Small Business Administration 7(a) program offer flexibility to business owners because financing can be guaranteed for a variety of general business uses including:  working capital, debt refinancing, equipment purchases and more.

Use of Proceeds

  • Expand or acquire a business or franchise.  Acquire 100 percent of an existing business, or pay fees to start a franchise
  • Working capital
  • Refinance debt
  • Purchase machinery and equipment
  • Buyout a partner
Collateral
Collateral includes all business assets and may also include personal assets.

Loan Limit Amount:
$50,000 to $5 million

Eligibility

  • Business must be operated for profit
  • Business must be open to all on a nondiscriminatory basis
  • Business must be located in the United States
  • Owner(s) must be U.S. citizen(s) or have legal permission to live in the U.S.
  • Business owner must be able to demonstrate repayment ability from earnings
  • Business must not be involved in investment real estate, religion, politics, or adult related services

Contact Request

SBA CDC/504 Loan Program

Financing for major fixed assets such as equipment and real estate.  This program helps small businesses purchase the assets needed to take it to the next level.  Loans cannot be used for working capital or purchasing inventory.  This program offers a long-term financing tool that provides growing businesses with fixed-rate financing to acquire assets such as land, buildings, and sizable purchases of equipment.

Use of Proceeds

  • Purchase or renovation and expansion of owner-occupied real estate (51% or greater owner occupied)
Collateral
Collateral includes the real estate

Loan Limit Amount:
$250,000 to $4 million

Eligibility

  • Business must be operated for profit
  • Business must be open to all on a nondiscriminatory basis
  • Business must be located in the United States
  • Owner(s) must be U.S. citizen(s) or have legal permission to live in the U.S.
  • Business owner must be able to demonstrate repayment ability from earnings
  • Business must not be involved in investment real estate, religion, politics, or adult related services

Contact Request

Multi-Purpose Lending
Loan Type Benefits Details
Multi-Purpose Lending For Owner Operated Businesses

Financing for a variety of general business uses.  We offer a number of loan programs to suit the needs of any small business (manufacturing, service, retail, professional or wholesale), with several low-cost lending options and longer maturities than the conventional loan programs.

Use of Proceeds

  • Expand or acquire a business, or franchise.  Acquire 100% of an existing business, or pay fees to start a franchise
  • Finance business expenses (working capital).  Pay salaries and vendors, purchase inventory, advertise, finance receivables, pay bookkeeping and legal fees, or rent office space.
  • Purchase office or other equipment.  Purchase computers, furniture, fixtures, manufacturing equipment, and heavy machinery
  • Purchase or improve owner-occupied real estate.  Purchase or construct buildings, make leasehold improvements, expand or renovate facilities, or purchase land.  If purchasing, owner must occupy at least 51% of the real estate; if constructing, owner must occupy at least 67%.
Collateral
Collateral includes all business assets and may also include personal assets

Loan Limit Amount:
$50,000 to $10 million

Eligibility

  • Net worth must not exceed $7.5 million
  • Average net income over the last 2 years must not exceed $2.5 million
  • Business must be operated for profit and located in the U.S.
  • Owners must be U.S. citizens or resident aliens
  • At least 51% occupied by owner operated business

No Application Fee, Contact Us Today

Contact Request

Business Real Estate
Loan Type Benefits Details
1 to 4 Family, Investor, Non-Owner Occupied Mortgage

Invest in a 1 to 4 family building for investment purposes.  This non-owner occupied loan can help you acquired, refinancing, construct and invest in real property.

Collateral
Business real estate will be secured as collateral.

Loan Limit Amount:
Up to $766,550

Maximum Loan to Value (LTV):
80%

Fees:
Up to 1.5% Origination Fee

Geographic Area:  Properties located in the following counties will be considered: Albany, Fulton, Montgomery, Rensselaer, Saratoga, Schenectady, Warren, and Washington.

Rates

Owner Occupied Real Estate

Financing to help businesses acquire, refinance or improve assets such as land and buildings.  We understand each organization has its own unique needs.  In order to help meet these needs and enhance your potential, we offer a number of low-cost lending options to help businesses succeed.  Better yet, our loans offer longer maturities than conventional loans offered by other organizations.

Use of Proceeds

  • Purchase or refinance owner-occupied real estate
  • Renovation and expansion of owner-occupied real estate

Loan Limit Amount:
Up to $10 million

Maximum Loan to Value (LTV):
90%

Eligibility

  • Net worth must not exceed $7.5 million
  • Average net income over the last 2 years must not exceed $2.5 million
  • Business must be operated for profit and located in the U.S.
  • Owners must be U.S. citizens or resident aliens
  • At least 51% occupied by owner operated business

No Application Fee, Contact Us Today

Contact Request

Investment Property Financing

Use a non-owner occupied real estate loan to finance investment or income property.

  • Fixed term
  • Competitive interest rates

Investment property financing offered through a relationship with First New York Federal Credit Union.

Learn More

Commercial Real Estate Loans

Whether you are looking for a new commercial property or refinancing an existing property, we provide members with competitive financing for commercial real estate including multiuse business/residential properties.

  • Fixed term
  • Competitive interest rates
  • Finance business growth

Commercial real estate loans offered through a relationship with First New York Federal Credit Union.

Learn More

 

Newtek - Your Business Solutions Company

Newtek has been providing services to clients across the country since 1972. Their experience and track record makes them an invaluable resource to our members. Regardless of your situation, chances are they have worked with others just like you.  All loans made or serviced under the SBA program (U.S. Small Bus. Administration) are made by Newtek Small Business Finance, Inc., a licensed U.S. SBA lender.

Resources

Build Your Brand

Branding is a crucial element to developing and growing your business.  Website development, digital marketing and ecommerce are tools to help you communicate your brand to potential customers.  Let our experts help you spread the word.

Free Guide to Business

Download this free guide provided by Newtek and learn how to increase sales, reduce cost, and minimize risk for free.

Business Savings & Checking

Running a business comes with its own challenges, that’s why our business checking account features unlimited transactions for a low monthly fee.  Save time and money by banking on- the-go using our mobile banking with check deposits.  Open your account today.