Community Capital New York, Inc.
Community Capital New York, Inc. is an active SBA lender in New York, a bank offering SBA-guaranteed small-business loans. Currently rated 4.8 stars across 57 Google reviews.
About Community Capital New York, Inc.
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.
Serves SBA borrowers in 2 states
Community Capital New York, Inc. has funded SBA loans for businesses in these states, by borrower location. Tap a state to see every lender serving it.
Industries Community Capital New York, Inc. finances
Business types Community Capital New York, Inc. actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about Community Capital New York, Inc.
What is this place and what can I find here?
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.
Do I need an appointment or can I walk in?
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.
What are the hours of operation?
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.
Is there a fee to use this?
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.
Who is this open to — anyone, or only residents/members?
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.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of 620 is generally preferred, though higher scores can improve approval chances and loan terms.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 30 to 60 days, depending on the complexity of the application and completeness of submitted documentation.
Is this open on weekends?
Most banks keep weekday business hours and are closed on weekends, and Community Capital New York, Inc. typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Community Capital New York, Inc. to confirm current weekend availability before you go.
How do I get there and where do I park?
Community Capital New York, Inc. is located in New York — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.
Who owns or operates this listing?
This page is an independent directory listing for Community Capital New York, Inc., an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Community Capital New York, Inc. itself, which runs its own lending under its own ownership. If you work at Community Capital New York, Inc., you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Community Capital New York, Inc. — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Community Capital New York, Inc. before applying. If you represent Community Capital New York, Inc., claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Community Capital New York, Inc. by phone at (914) 747-8020, email at info@communitycapitalny.org, or online at communitycapitalny.org. Confirm specific lending services directly with the organization.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, Community Capital New York, Inc. most often finances businesses in restaurants & food service and construction & contractors. This reflects Community Capital New York, Inc.'s real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Community Capital New York, Inc. which sectors it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Community Capital New York, Inc. participates in SBA Express depends on its specific SBA lending authority. Contact Community Capital New York, Inc. and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Community Capital New York, Inc. can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Community Capital New York, Inc.'s appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Community Capital New York, Inc. directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Community Capital New York, Inc. what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Community Capital New York, Inc. to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Community Capital New York, Inc. to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Community Capital New York, Inc. weighs this case by case under its own policy, so be upfront about your history and ask Community Capital New York, Inc. how it evaluates prior bankruptcies.
