The Bronx SBDC offers a wealth of information on starting and growing a small business. At Speritas Capital Partners, we help local entrepreneurs put that knowledge to work by offering the best small business loans in Bronx, NY. Our small business loans in the Bronx, NY allow local entrepreneurs to:
- Get access to working capital
- Purchase large business assets
- Acquire equipment
- Purchase commercial real estate
- Improve and expand existing facilities
- Refinance debt from prior business loans
Using Small Business Loans In Bronx, NY For Working Capital
Our small business loans in Bronx, New York give entrepreneurs the working capital they need for:
- Accounts payable
- Hiring staff
- Maintaining inventory
- Purchasing supplies
Our working capital loans have terms of 5 to 7 years.
Equipment Leasing With Small Business Loans In Bronx, NY
Speritas Capital Partners offers small business loans for leasing equipment such as:
- Construction equipment
- Computers and servers
- Desks and furniture
Equipment leasing loans have terms up to 10 years.
Commercial Real Estate Loans In Bronx, NY
Small business loans in The Bronx can be used for real estate transactions, as well. Businesses must occupy at least 51% of any structure. Qualifying properties in Bronx, NY include:
- Auto repair shops
- Automotive dealerships
- Medical facilities
- Daycare centers
- Nursing homes
Small business loans for commercial real estate transactions have terms up to 25 years.
The Advantage Of Small Business Loans From Speritas Capital Partners
The Small Business Administration (SBA) provides the guidelines for small business loans in Bronx, New York. Initially, banks and other lending institutions performed all of the underwriting for SBA loans in the Bronx area. Unfortunately, banks have their own internal procedure, which can cause delays for small business owners in Bronx, NY. To remedy this, certain commercial lenders have been given the title of “Preferred Financial Services” companies among SBA lenders. Speritas Capital Partners holds this title. For those seeking small business loans in Bronx, NY it means applications can be expedited, so local entrepreneurs will receive the funding they need quickly and efficiently. As a Preferred Financial Services company, we also have the ability to negotiate the most favorable terms and rates for local small business owners.
Qualifying For Small Business Loans In Bronx, NY
The SBA defines the requirements for small business loans in Bronx, New York. To qualify, businesses must fall within the following guidelines:
- Businesses must have a net work of less than $15 million
- After-tax net income cannot exceed $5 million for the previous 2 years
- Businesses must have a detailed business plan
- FICO score of 650 or higher
- Must not be delinquent with existing debt obligations
If you are seeking a small business loan, and your company is located in Bronx, NY, contact Speritas Capital Partners. We help small business owners get the capital they need for growth and long-term success.