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Commercial Lenders NYC

Commercial Lenders NYC
Commercial Lenders NYC

The ability to secure funding for your business in NYC is an essential step in fueling growth, and commercial lenders like Customers Bank can be an important resource in your journey to success.

Commercial lenders like Customers Bank often specialize in specific industries like healthcare, manufacturing, biotech, or alternative energy. Consider working with a lender like us who understands your industry, as we can provide tailored solutions.

Benefits of Working with Commercial Lenders in NYC

Partnering with commercial lenders in New York City offers several benefits:

  1. Expertise: Commercial lenders like Customers Bank have extensive knowledge and experience in the local market. We understand the unique challenges and opportunities businesses face in New York City and can provide valuable insights and guidance.
  2. Personalized solutions: Each business has different financing needs. Customers Bank works closely with companies to tailor loan solutions that align with their objectives and financial capabilities. This personalized approach ensures that your business will receive the right type and amount of financing.
  3. Competitive interest rates: Commercial lenders in NYC strive to offer competitive interest rates to attract businesses. You can secure the most favorable financing options by comparing rates and terms from different lenders.

Types of Business Financing

Whether you would like to expand operations, invest in new technology, or hire additional staff, our commercial loans can provide financial resources to fuel the development of your business.

Term Loans: Customers Bank enables businesses to access term loans to cover major expenses, such as equipment purchases, facility expansions, and R&D. These loans are very flexible, with few restrictions regarding how the money can be used. Repayment is usually made over a set timeline ranging from one to ten years.

SBA Government-Guaranteed Loans: Customers Bank is proud to be an SBA-preferred lender, providing financial assistance to small businesses through government-guaranteed SBA loans. SBA 7(a), CDC/SBA 504, and USDA Business & Industry loans can be used for startup costs, working capital, expansions, and real estate purchases.

Real Estate Loans: When it comes to real estate, there are many different loan options to consider. The type of loan you require may vary depending on whether you’re buying a building, a hotel, an apartment complex, or seeking to develop land.

Equipment Loans: Whether you need a $100K heavy machinery loan or funds to purchase office and computing equipment, you can obtain a loan using the equipment you buy as collateral.

Business Line of Credit: Obtaining a credit line could be beneficial if your company only requires occasional financial help. Get approved for a specific sum, use the money as you need it, and pay interest only for what you use.

Final Thoughts

As a commercial lender, Customers Bank is committed to assisting NYC businesses as they work to scale up their operations. We can provide valuable insights and guidance during the loan application process, helping you navigate complex financial matters and make informed decisions. Talk to one of our knowledgeable bankers to find solutions that meet your needs and goals.