Skip to content

As an SBA Preferred Lender, Solvay Bank is ready to help Central New York small businesses succeed.

Key Features

  • Competitive Rates
  • Lower Down Payments
  • Extended Terms

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.

  • Response will be given within 36 hours
  • 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