LIASB, LIEG, SCORE and others provide a wealth of information about small business loans in Long Island, NY to local entrepreneurs. By attending events and workshops Long Island business owners can learn about small business loans and how they can be used. Summit Funding Solutions takes that information into the real world, but providing the most comprehensive programs for small business loans in Long Island. Our small business loans in Long Island, NY offer local entrepreneurs a wide range of benefits which include:

  • Working and growth capital
  • The ability to acquire assets such as equipment, vehicles, and machinery
  • The ability to hire employees and grow your workforce
  • Acquiring commercial real estate such as business facilities
  • Meet financial obligations
  • Pay down liabilities
  • Refinance debt from existing business loans

Long Island Small Business Loans For Commercial Real Estate

Summit Funding Solutions provides small business loans in Long Island which can be used by entrepreneurs to purchase properties for offices, bases of operation, and revenue-generating real estate. Our small business loans can be used by Long Island entrepreneurs for commercial real estate such as:

  • Warehouses
  • Office space
  • Restaurants
  • Medical facilities
  • Automotive dealerships and repair centers
  • Franchises
  • Owner occupied properties
  • Retail such as storefronts and shopping centers
  • Self storage facilities
  • Nursing homes, assisted living, and managed care properties

Small Business Loans In Long Island For Equipment

We provide programs for small business loans so Long Island entrepreneurs can acquire equipment and other large assets for their companies. Our small business loans provide financing for:

  • Medical equipment
  • Vehicles
  • Industrial machinery
  • Construction equipment
  • Computers
  • Restaurant appliances
  • Office furniture
  • Tools
  • Point of sale systems
  • Software suites

Requirements For Small Business Loans In Long Island, NY

Summit Funding Solutions follows the underwriting rule established by the Small Business Administration. In order to qualify for our small business loans in Long Island, NY local entrepreneurs must:

  • Provide a detailed business plan
  • Have a FICO score of 650 or above
  • Have a total net worth which does not exceed $15 million
  • Have a net income which does not exceed $5 million for the previous two years
  • Employ people totaling 500 in number or less
  • Have a record which does not show missed payments on existing financial obligations

The Summit Funding Solutions Difference

Summit Funding Solutions stands apart from other lenders in Long Island. First, our standing among SBA lenders allows us to fast track applications for small business loans in Long Island, NY. We can bypass the red tape of traditional lending institutions to get you the funding you need without delays. Second, our standing and reputation gives us the ability to get the most favorable terms and interest rates for small business loans in Long Island. Our focus is on helping small businesses throughout the Long Island area to make our economy even stronger. To learn more, contact our offices today at 631-305-5000.