Pursuit
About
Pursuit is a nonprofit small business lender at 19 British American Boulevard East in Latham that has made loans for more than 70 years under earlier names including New York Business Development Corporation, The 504 Company and Excelsior Growth Fund. It lends from $10,000 to more than $5.5 million to businesses in New York, New Jersey, Pennsylvania, Connecticut, Delaware and Illinois.
More than 15 loan programs include SBA 504, SBA 7(a) and SBA Microloans plus Pursuit’s own SmartLoans, used for working capital, construction, equipment, refinancing, buying a business, startups and owner-occupied commercial real estate with up to 90 percent financing.
What to know
- Each borrower works with a dedicated lender through an online application.
- Advisory services and webinars are offered alongside lending.
- The lender publishes guides for veteran-, minority- and women-owned businesses.
- Member banks and shareholders back the organization’s capital.
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