Small Business Administration Loans

Just starting your business or don’t have access to traditional business financing? A Small Business Administration Loan may be the answer. These loans are guaranteed by the U.S. Small Business Administration (SBA) and offer longer terms and lower down payments than conventional term loans.

SBA 7(a) Loan
  • General purpose financing for any business need
  • Loan amounts from $50,000 to $5 million
  • Low variable rate
SBA 504 Loan
  • Financing for commercial real estate and equipment
  • Typically capped at $5 million
  • Low fixed and variable rates

Use these checklists to aid you in the application process: Business Loan Application Checklist and How to Prepare Your Loan Application.

Business Loan Application

The Business Loan Application Package may be faxed to 516.714.2848 or emailed in a PDF format to [email protected]

Plus, our Business Lending Consultants are here to answer your questions and help you step by step with the application process.

See how NEFCU can help you build your business. Call our business team at 516.714.2960, visit your nearest branch or email us at [email protected].

Business account offerings, rates and product features are subject to change without notice.