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Community Capital New York, Inc.

Community Capital New York, Inc.
Community Capital New York, Inc.

Description

Community Capital New York, Inc. offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financial support for growth and development. With a focus on providing accessible funding options, this commercial bank specializes in SBA loan programs such as the 7(a) and 504, helping entrepreneurs secure capital for various needs including expansion, equipment purchase, and working capital. Located at 44 Executive Blvd in Elmsford, NY, the bank supports a diverse range of industries, primarily serving the regional New York market. Their experienced team guides clients through the loan application process, ensuring clarity and efficiency from initial inquiry to funding approval. Known for their personalized service, they work closely with borrowers to understand their unique financial situations and business goals. The bank’s commitment to supporting local businesses makes it a reliable partner for entrepreneurs aiming to leverage SBA programs for sustainable growth. Whether you’re a startup or an established enterprise, Community Capital New York, Inc. provides flexible lending options with competitive terms, fostering economic development in the region.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.8
Google Review Count
57
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused bank offering SBA loan programs designed to help small and medium-sized businesses access financing for growth and development. You can find information about loan options, application processes, and personalized support tailored to your business needs.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome during business hours. Calling ahead can help streamline your visit and prepare necessary documentation.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 9:00 AM to 5:00 PM. It"s advisable to contact the branch directly for specific appointment times or after-hours assistance.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for initial consultations, but standard loan application and processing fees may apply depending on the financing option chosen. Details are provided during the application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves businesses located in the New York region, particularly those seeking SBA loans. While they focus on regional clients, eligibility depends on meeting specific loan criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 620 is generally preferred, though higher scores can improve approval chances and loan terms.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 60 days, depending on the complexity of the application and completeness of submitted documentation.
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