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Port 51 Lending LLC

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Description

Offering comprehensive SBA lending solutions, this financial institution specializes in providing small business loans to support growth and expansion. With a focus on the 7A program, it helps entrepreneurs secure funding for a variety of needs including working capital, equipment, and real estate acquisitions. The bank’s experienced team guides clients through the application process, ensuring clarity and efficiency from start to finish. Located at 2 Park Avenue in New York, it serves a diverse range of industries, with particular strength in manufacturing, leveraging its extensive network and financial expertise. Whether you’re a startup or an established business, this lender aims to facilitate your success with tailored financing options and personalized service. The institution’s commitment to small business growth is reflected in its flexible lending criteria and supportive approach, making it a reliable partner for entrepreneurs seeking SBA-backed funding.

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Q&A

Lender Type
Commercial Bank
Google Rating
5
Google Review Count
45
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution that offers SBA loan programs to small businesses, providing funding solutions tailored to your growth needs. You can find expert guidance, application support, and a variety of financing options designed to help your business succeed.
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 lending specialist, though walk-ins may be accommodated depending on availability. Calling ahead can help streamline your visit and prepare necessary documentation.
Question 3
What are the hours of operation?
Answer 3
The branch operates from 9:00 AM to 5:00 PM, Monday through Friday. Appointments outside regular hours can be arranged upon request.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for initial consultations; however, loan processing and closing may involve standard fees, which will be disclosed during the application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This lender primarily serves small businesses within its geographic region, but eligibility depends on meeting credit and business criteria regardless of residency.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 640 is generally recommended, though higher scores improve the likelihood of approval and better 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 documentation.
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