| Loan or Line of Credit | Line of Credit or Loan | Loan | Loan | Line of Credit or Loan |
| This SBA Solution Offers | A streamlined loan application process to access funding for working capital to purchase land, buildings, equipment and inventory. | Longer terms on loans to fund working capital, business start-up, business acquisition and real estate. | Longer term financing loans for businesses to purchase commercial real estate or to expand their existing operations, help the local economy and create jobs; to longer term financing loans for businesses to purchase commercial real estate or to purchase machinery/equipment, help the local economy and create jobs. | A streamlined loan application process to access funding for working capital to purchase land, buildings, equipment and inventory for veterans who are starting or growing their businesses. |
| Best For | For-profit businesses in a variety of industries. | For-profit businesses in a variety of industries, including those that are new, in start-up mode or recently acquired. | Existing and on-going for-profit businesses, with a net worth less than or equal to $8,500,000 and net profit after taxes less than $3,000,000 for the past two years. | Veterans and members of the U.S. military community who want to establish or expand small businesses. |
| Credit Amount | $5,000 to $350,000 | SBA Loan guarantee cannot exceed $1,500,000.Loan ceiling of $2,000,000. | $150,000 to $5,200,000 Maximum SBA Loan $1,500,000 (Up to $4,000,000 for small manufacturers). | Up to $500,000. |
| Rate | Loans and Lines of credit less than or equal to $50,000: NY Prime + 6.5%.Loans and Lines of credit greater than $50,000: NY Prime + 4.5%. | Fixed or Variable.Loan Term less than 7 years: NY Prime + 2.25%.Loan Term greater than or equal to 7 years: NY Prime + 2.75%. | Fixed or variable rate, negotiated between Bank and borrower.SBA Loan: Below market fixed interest payment. Loan rate set when debenture is sold. | Fixed or Variable.Loan Term less than 7 years: NY Prime + 2.25%.Loan Term greater than or equal to 7 years: NY Prime + 2.75%. |
