Business Loans in New York

The search for small business loans is not the same as looking for consumer loans. The purpose of what you are using the money for your business can dictate what business loan products you will choose. 

Similarly, the loans or small business funding you need for business renovations might not be the same one you’d get if you were experiencing a short-term cash flow problem or needing a working capital loan for managing cash flow. 

Potomac Mutual Trust has a variety of business funding options for business owners, including business lines of credit, business term loans, and other options as well. 

We have competitive rates and terms, have a variety of business funding options, and can help you choose the right small business loans for your business to access. 

Let Potomac Mutual Trust help you choose the right loan for your business! 

Whether you're looking to expand, upgrade equipment, or bridge seasonal cash flow gaps, you need enough capital to run your business. 

Small business loans offer you the financial resources needed to grow your business. .

If you're a small business owner looking for more information on the different small business loans, you're in the right place. We've compiled everything you need to know about your small business loan options.

Alternative lenders like Potomac Mutual Trust are more lenient with their requirements. They often work with businesses with lower credit scores and less impressive financial track records. However, alternative lenders may charge slightly higher fees and offer a little lower funding amounts to mitigate the risk. 

 Merchant Cash Advances also known as (MCA's) are a purchase of future sales receivables that are structured as a lump sum payment to a business in exchange for an agreed upon percentage of future sales deposits or credit card and/or debit card sales. The repayment term is very flexible as to future sales but typically is predicably set to be repaid within 18 months or possibly more, 

A business rescue loan provides funds within 24 to 48 hours with minimal documentation needed. With this type of business loan, you can access the funds within the day.

For many small business owners, maintaining a healthy cash flow is crucial. However, cash flow issues are common and can lead to financial trouble if ignored. Business rescue loans offer a solution by covering daily operations, purchasing inventory, upgrading equipment, and pursuing other business opportunities.

Every business is unique. That’s why we offer different business rescue loan options. 

Whether you need immediate financing or want to explore your options, our lending experts are available to assist you.

If you need financing NOW and want to learn more, don’t hesitate to reach out to one of our lending experts today!