Small Business Financing Auburn NY

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

Mr. Daniel Raymond Cuddy, CFP®
(315) 252-3600
7 William St
Auburn, NY
Firm
Cuddy Financial Services
Areas of Specialization
Accounting, Business Succession Planning, Comprehensive Financial Planning, Divorce Issues, Education Planning, Elder Care, Employee and Employer Plan Benefits
Key Considerations
Average Net Worth: $250,001 - $500,000

Average Income: $100,001 - $250,000

Profession: Self-Employed Business Owners

Data Provided By:
Mr. Thomas J. Paczkowski, CFP®
(315) 255-1743
197 Franklin St
Auburn, NY
Firm
Cayuga Community College

Data Provided By:
Mr. Richard P. Reagan, CFP®
(315) 673-2094
PO Box 191
Marcellus, NY
Firm
The Reagan Companies

Data Provided By:
Mr. James R Shope Iii, CFP®
(315) 701-5857
5014 W Genesee St
Camillus, NY
Firm
Shope Financial Planning, Inc.
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, Estate Planning, General Financial Planning, Investment Planning, Retirement Income Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Profession: Service Professionals

Data Provided By:
Bank of America
(800) 432-1000
8 Dill Street
Auburn, NY
Type
Banking Center

Mr. Daniel J. D'Andreano, CFP®
(315) 282-0001
268 Grant Ave
Auburn, NY
Firm
First Niagara Bank

Data Provided By:
Mr. Richard L. Fredenburg, CFP®
(315) 568-9000
29 Tall Oaks Dr
Seneca Falls, NY
Firm
Ameriprise Financial Services, Inc.
Areas of Specialization
Comprehensive Financial Planning, Estate Planning, Insurance Planning, Investment Management, Long-Term Care, Retirement Income Management, Retirement Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

Average Income: $100,001 - $250,000

Profession: Not Applicable

Data Provided By:
Mr. David R. Haahr, CFP®
(315) 673-2094
8 E. Main Street
Marcellus, NY
Firm
Reagan Companies (Cadaret Grant & Co)

Data Provided By:
Mr. Patrick Joseph O'Brien, CFP®
(315) 849-9494
109 Draper Ave
Syracuse, NY
Firm
PBJ Wealth Mngt. LLC/Wells Fargo Advisors Financial Network
Areas of Specialization
Accounting, Asset Allocation, Budget Development, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Debt Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $250,001 - $500,000

Profession: Business Executives

Data Provided By:
Bank of America - Auburn-Genesee Street
(800) 432-1000
120 Genesee St
Auburn, NY
Type
Banking Center
Services
Banking Center Services: Commercial Deposits
Indoor ATM Services: Open 24 Hours, Talking ATM, Braille, Accepts Deposits, Deposit Image
Outdoor ATM Services: Open 24 Hours, Talking ATM, Braille, Accepts Deposits, Drive Up, Deposit Image
Languages
English, Spanish, Chinese, Korean, French, Russian, Portuguese
Office Hours
Monday 9-4
Tuesday 9-4
Wednesday 9-4
Thursday 9-4
Friday 9-5
Saturday Closed
Sunday Closed

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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