Small Business Financing Albany NY

Looking for Small Business Financing in Albany? We have compiled a list of businesses and services around Albany that should help you with your search. We hope this page helps you find Small Business Financing in Albany.

Paul Corr
Capital Financial Advisors of New York, LLC
(518) 280-0030
7 Corporate Drive
Clifton Park, NY
Expertises
Ongoing Investment Management, Planning Issues for Business Owners, Retirement Plan Investment Advice, Retirement Planning & Distribution Rules, Estate & Generational Planning Issues, Tax Planning
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA/PFS

Ronald Plaine
RLP Financial Mgt.
(518) 370-4020
34 Jay Street, Suite 2A
Schenectady, NY
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules, Tax Planning, Middle Income Client Needs
Certifications
NAPFA Registered Financial Advisor, CFP®, EA

Walton Williams
Capital Financial Advisors of New York, LLC
(518) 280-0030
7 Corporate Drive
Clifton Park, NY
Expertises
Retirement Plan Investment Advice, Planning Issues for Business Owners, Advising Medical Professionals, Ongoing Investment Management, Retirement Planning & Distribution Rules, Advising Entrepreneurs
Certifications
NAPFA Registered Financial Advisor, CPA/PFS

Mr. Jason Andriano, CFP®
194 Washington Ave Ste 520
Albany, NY
Firm
Bullard, McLeod & Associates, Inc.
Areas of Specialization
Comprehensive Financial Planning

Data Provided By:
Mr. Brian Allen Rex, CFP®
(518) 427-5521
80 State St Ste 12
Albany, NY
Firm
Morgan Stanley Smith Barney
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable



Data Provided By:
Ronald Plaine
RLP Financial Mgt.
(518) 370-4020
P.O. Box 1078
Schenectady, NY
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules, Tax Planning, Middle Income Client Needs
Certifications
NAPFA Registered Financial Advisor, CFP®, EA

Kerry Mayo
Capital Financial Advisors of New York, LLC
(518) 280-0030
7 Corporate Drive
Clifton Park, NY
Expertises
Ongoing Investment Management, High Net Worth Client Needs, Planning Issues for Business Owners, Advising Entrepreneurs, Advising Medical Professionals
Certifications
NAPFA Registered Financial Advisor, CFP®, MA

William Jerome
Capital Financial Services, LLC
(518) 399-3903
Professional Building, 133 Saratoga Road
Glenville, NY
Expertises
Retirement Plan Investment Advice, Ongoing Investment Management, Financial Issues Between Generations, Middle Income Client Needs, Tax Planning, Investment Advice without Ongoing Management
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, EA, MS

Mr. Joseph T. Gravini, CFP®
(518) 427-5553
80 State St Ste 12
Albany, NY
Firm
Morgan Stanley
Areas of Specialization
Comprehensive Financial Planning, Investment Management, Retirement Planning, Risk Management, Wealth Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000



Data Provided By:
Ms. Laurie Ann Bonser, CFP®
(518) 312-7980
66 S Pearl St
Albany, NY
Areas of Specialization
Accounting, Budget Development, Charitable Giving, Comprehensive Financial Planning, Divorce Issues, Education Planning, Elder Care

Data Provided By:
Data Provided By:

Business Financing From The SBA / Small Business Administration

The Small Business Administration is the most useful resource available to startups and established small businesses. An Independent agency of the Executive branch of the Federal Government, the SBA has the responsibility of providing assistance to American small businesses in the areas of advocacy, management, procurement, and financial assistance. The SBA financing comes in the forms of investment programs, business loan programs, disaster loan programs, and bonding for contractors. In most cases, the SBA should be the first business financing resource a small business owner looks to for their financing needs.

The SBA has three different loan programs for small business financing . It is important to know that while the SBA has these programs, they do not actually provide the business financing . The SBA sets the guidelines for these loans, then their partners, which include lenders, community development organizations, and microlending institutions, actually make the loan to small businesses . The SBA guarantees the loans, to reduce the risk to the lenders.

The first type of business loan that the SBA offers is the Basic 7(a) Loan Guaranty. When a small business is unable to obtain financing from other sources, this is the primary business loan program offered. This is the SBA's most flexible business financing program, and it is ideal for start up business financing as well as established business financing . This type of new business financing can be used for most business purposes, such as working capital, equipment, office furnishings, land and building, leases, and even debt refinancing. The maturity date of the loan varies, depending on what the loan is used for. For working capital, the loan maturity is up to 10 years, while it is generally up to 25 years for fixed assets.

There are several different variations of the Basic 7(a) loan program, designed to fill specific needs. This type of loan is the closest a small business owner can get to free business financing, because any fees that the SBA has for administration are charged to the lender. However, the lender does have the right to make those fees a part of your loan, which means that you may ultimately pay those fees.

The second type of loan that the SBA offers is the Microloan. This is known as the 7(m) loan program. These are short-term loans of up to $35,000, and are primarily for small businesses and non-profit child care centers. They are meant to provide working capital, inventory purchases, supplies, furnishings, and equipment. They may not be used to pay existing debts or to purchase real estate. This type of business financing is great for business owners who wish to expand.

The third type of small business financing available through the SBA is a Certified Development Company (CDC) loan. Known as the 504 loan program, these loans should only be sought by businesses that require brick and mortar financing . These are long-term...

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