Small Business Financing Poughkeepsie NY

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

Mr. Gregory F. Zimmer, CFP®
(914) 262-5502
85 Civic Center Plz Ste 202
Poughkeepsie, NY
Firm
AXA-Advisors, LLC

Data Provided By:
Mr. Patrick John Ford, CFP®
85 Civic Center Plz Ste 202
Poughkeepsie, NY
Firm
AXA Advisors

Data Provided By:
Ms. Susan L. Murphy, CFP®
(845) 431-2222
2649 South Rd
Poughkeepsie, NY
Firm
Merrill Lynch
Areas of Specialization
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 William Frederick, CFP®
(845) 454-9000
3344 Route 9 North
Poughkeepsie, NY
Firm
Prime Retirement Asset Management, Inc.

Data Provided By:
Mr. James P. Agrawal, CFP®
(845) 463-1047
22 IBM Rd
Poughkeepsie, NY
Firm
J Agrawal Financial Group
Areas of Specialization
Comprehensive Financial Planning, Education Planning, Elder Care, General Financial Planning, Retirement Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided By:
Mr. Craig M. Pesce, CFP®
(845) 554-1046
110 Main St
Poughkeepsie, NY
Firm
Marshall & Sterling Wealth Advisors, Inc.
Areas of Specialization
Asset Allocation, Business Succession Planning, Comprehensive Financial Planning, Estate Planning, Insurance Planning, Investment Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Self-Employed Business Owners

Data Provided By:
Mrs. Mellany Bagtas, CFP®
(845) 431-2267
2649 South Road
Poughkeepsie, NY
Firm
Merrill Lynch Group, Inc.
Areas of Specialization
Comprehensive Financial Planning, General Financial Planning, Investment Management, Retirement Income Management, Retirement Planning, Wealth Management, Women's Finances

Data Provided By:
Ms. Diane Justine Arvay, CFP®
(845) 483-7948
2645 South Rd
Poughkeepsie, NY
Firm
Wells Fargo Advisors, LLC

Data Provided By:
Mr. Joseph Carl Steiniger, CFP®
(845) 483-7940
The Beechwood Group
Poughkeepsie, NY
Firm
Wells Fargo Advisors, LLC
Areas of Specialization
Charitable Giving, Education Planning, Estate Planning, Investment Management, Investment Planning, Retirement Income Management, Retirement Planning

Data Provided By:
Ms. Robin Vaccai-Yess, CFP®
(845) 471-0764
181 Church St Ste 101
Poughkeepsie, NY
Areas of Specialization
Divorce Issues, Estate Planning, General Financial Planning, Investment Planning, Life Transitions, 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:
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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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