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Solvay Bank's PPP Portal has re-opened!  We will be accepting PPP applications until May 25th through our digital portal. 

Key Features

  • Competitive Rates
  • Lower Down Payments
  • Extended Terms

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• A 100% SBA guaranteed loan directly from Solvay Bank that is possibly eligible to be forgiven and requires no other collateral or personal guarantee

Our PPP loan portal has re-opened for PPP Applications!

Apply Now: http://solvay-customer.biz2credit.com

Solvay Bank will only be accepting PPP applications from businesses within Cayuga, Cortland, Madison, Oneida, Onondaga and Oswego counties in New York State.

You may email us with any questions at [email protected].

SBA PPP Information

 

 

 

 

The 7(a) Loan Program is SBA's most popular program. It is used for a great number of reasons by start-up and existing small businesses that might not be able to secure loans through standard channels. 

  • Terms up to 10 years for working capital
  • Terms up to 25 years for fixed assets
  • Purchase land, buildings, equipment, inventory, and fixtures
  • Leasehold improvements
  • Refinancing debts for compelling reasons
  • Start-up business
  • Quick, local decisioning right here in Central New York
  • Attentive, friendly service from start to finish

Also called the Certified Development Company (CDC) Program, SBA 504 loans are designed to provide long-term, below market, fixed rate financing for major fixed finances and real estate.

  • Construction of new facilities
  • Renovating or converting existing facilities
  • Purchasing land and improvements
  • Purchasing long-term machinery and equipment
  • The 504 Program cannot be used for short-term working capital
  • Quick, local decisioning right here in Central New York
  • Attentive, friendly service from start to finish

SBA Express is a loan program that streamlines the processing and loan procedures for less complex SBA Loans. Costs are lower and decisions are faster.

  • Accelerated process for short-term needs
  • Seasonal lines of credit
  • Quick, local decisioning right here in Central New York
  • Attentive, friendly service from start to finish