TruFund Financial Services Inc
TruFund Financial Services Inc is an active SBA lender in New York, a development company offering SBA-guaranteed small-business loans. Currently rated 2.8 stars across 13 Google reviews.
$7M
in SBA approvals since 2014
38
SBA loans funded
Restaurants & Food Service · Construction & Contractors · General Retail
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About TruFund Financial Services Inc
TruFund Financial Services Inc offers comprehensive SBA lending solutions tailored to small businesses seeking growth capital and working capital financing. With a focus on supporting underserved communities, this lender provides flexible loan options backed by SBA programs, including the popular 7(a) loan program. Their team specializes in guiding clients through the application process, ensuring access to funding that can help expand operations, purchase equipment, or refinance existing debt. Located in New York, they serve a diverse range of industries, emphasizing community development and economic growth. The lender is committed to fostering small business success through personalized service and competitive terms, making them a reliable partner for entrepreneurs looking to leverage SBA resources for their business needs.
Common questions about TruFund Financial Services Inc
What is this place and what can I find here?
This is a financial institution offering SBA-backed loans and small business financing options designed to support growth and community development. You can find information about different loan programs, application processes, and eligibility criteria here. The focus is on helping small businesses access the capital they need to succeed and expand.
Do I need an appointment or can I walk in?
It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-in consultations may also be available during business hours. Contact the branch beforehand to confirm availability and set up a meeting if possible.
What are the hours of operation?
The typical hours are Monday through Friday from 9:00 AM to 5:00 PM, but it is best to check with the specific branch or office for exact times or any holiday closures.
Is there a fee to use this?
There are no fees to access general information; however, loan processing and application fees may apply depending on the specific financing product. Fees are disclosed upfront during the application process.
Who is this open to — anyone, or only residents/members?
This lender primarily serves small businesses across the United States, with a focus on underserved communities and local entrepreneurs. Eligibility depends on meeting specific program criteria and creditworthiness.
Can a non-bank entity provide financing if my personal credit score is below 640?
Yes — non-bank lenders like TruFund Financial Services Inc often work with borrowers whose personal credit falls below the 640 mark that many banks treat as a floor. They tend to weigh business cash flow, time in operation, and overall fit alongside your credit score. Approval and terms still depend on your full profile, so ask TruFund Financial Services Inc what minimum it looks for.
Is the loan application and validation pipeline fully digital with this provider?
Many non-bank lenders run a largely online process — application, document upload, and verification handled digitally, often with faster decisions than a traditional branch. Whether TruFund Financial Services Inc's pipeline is fully digital from start to finish depends on the provider. Check TruFund Financial Services Inc's website or ask their team how much of the process you can complete online.
Is this open on weekends?
TruFund Financial Services Inc is a non-bank lender, so there is usually no branch to visit and its team generally works standard weekday hours. Many non-bank lenders do let you start or continue an application online at any time, including weekends. Check TruFund Financial Services Inc's website or call to confirm when staff are actually available.
How do I get there and where do I park?
TruFund Financial Services Inc operates largely online and by phone as a non-bank lender, so most clients never need to travel to an office. If an in-person meeting is offered, TruFund Financial Services Inc will share the address and parking details when you schedule. Start by reaching out using the contact information on this page.
Who owns or operates this listing?
This page is an independent directory listing for TruFund Financial Services Inc, an SBA-participating non-bank lender (a development company or community fund). It is maintained by SBA Lenders USA to help borrowers compare lenders — not by TruFund Financial Services Inc itself, which runs its own lending under its own ownership. If you work at TruFund Financial Services Inc, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for TruFund Financial Services 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 TruFund Financial Services Inc before applying. If you represent TruFund Financial Services Inc, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach TruFund Financial Services Inc by phone at (212) 204-1303, by email at info@trufund.org, or online at trufund.org — please confirm current contact details when reaching out.
How do non-bank lender approval requirements differ from standard commercial institutions?
Non-bank lenders like TruFund Financial Services Inc usually place more weight on business revenue, cash flow, and time in business, and less on a high personal credit score or hard collateral than a traditional bank. That can mean faster approvals and more flexibility, sometimes at a higher cost. Ask TruFund Financial Services Inc what it requires and how its criteria compare for your situation.
Am I required to move my primary business checking account to this non-bank lender?
Generally no — non-bank lenders typically do not hold deposit accounts, so TruFund Financial Services Inc usually cannot and will not require you to move your business checking to them, and you keep your existing bank for day-to-day banking. A deposit-relationship requirement is far more common at traditional banks, but confirm the specifics with TruFund Financial Services Inc.
Do non-bank options favor asset-light tech fields or online retail brands?
Many non-bank and online lenders are comfortable with asset-light businesses — software, services, e-commerce, and online retail — because they underwrite on cash flow and revenue rather than physical collateral. That said, TruFund Financial Services Inc sets its own focus and may serve a broad mix of industries. Ask TruFund Financial Services Inc whether your field and business model fit what it typically funds.
What interest rate structures should I expect from a non-bank financing provider?
Non-bank financing can come as fixed or variable term loans, lines of credit, or revenue-based structures, and rates are often higher than a traditional SBA bank loan to reflect faster funding and looser criteria. The cost may be quoted as an APR or a factor rate. Ask TruFund Financial Services Inc for the full APR and total repayment amount so you can compare offers fairly.
Can I refinance high-cost merchant cash advances into a term loan with this lender?
Refinancing or consolidating expensive merchant cash advances into a lower-cost term loan is a common goal, and some non-bank lenders and SBA programs allow it when the numbers support it. Eligibility depends on your cash flow and the existing debt. Ask TruFund Financial Services Inc whether it refinances merchant cash advances and what it would take to qualify.
Do they allow seller notes to count toward the required borrower equity injection?
In many SBA-backed deals a seller note can count toward part of the borrower's required equity injection, often when it is placed on full standby for a set period. Whether TruFund Financial Services Inc permits this, and on what terms, depends on the lender and the SBA rules in play. Confirm with TruFund Financial Services Inc how it treats seller notes in your specific deal.
Do they offer international trade or export loan programs?
Some lenders take part in SBA export and trade programs such as the Export Working Capital Program or the International Trade Loan, which support businesses that sell abroad. Availability varies and not every non-bank lender offers them. If you export or plan to, ask TruFund Financial Services Inc whether it offers export or international trade financing.
What happens if the primary business asset valuation comes back lower than the contracted purchase price?
If an appraisal or valuation comes in below the agreed purchase price, the gap usually has to be covered — by renegotiating the price, the buyer adding more cash, or the seller carrying a larger note — because lenders generally lend against the lower of cost or appraised value. Ask TruFund Financial Services Inc how it handles a valuation shortfall before you commit.
