Carver Federal Savings Bank

This is a community-focused bank offering SBA loan programs, financial services, and support for small businesses looking to grow and succeed in their markets.

It's recommended to schedule an appointment to meet with a lending specialist, but walk-in consultations may be available depending on availability.

The bank typically operates from 9:00 AM to 5:00 PM, Monday through Friday, but hours may vary, so it's best to confirm in advance.

There are no fees for simply visiting or consulting; fees apply only during the loan application and processing stages.

Services are primarily available to small business owners and residents of the community, with some programs open to wider applicants based on eligibility.

A minimum personal credit score of around 620 is generally preferred, though higher scores increase the likelihood of approval.

The process typically takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.

Most banks keep weekday business hours and are closed on weekends, and Carver Federal Savings Bank 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 Carver Federal Savings Bank to confirm current weekend availability before you go.

Carver Federal Savings Bank 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.

This page is an independent directory listing for Carver Federal Savings Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Carver Federal Savings Bank itself, which runs its own lending under its own ownership. If you work at Carver Federal Savings Bank, you can claim this listing from this page to manage it.

The core details for Carver Federal Savings Bank — 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 Carver Federal Savings Bank before applying. If you represent Carver Federal Savings Bank, claim this listing to keep its information up to date.

You can reach Carver Federal Savings Bank by phone at (718) 230-2900 or online at carverbank.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Carver Federal Savings Bank before relying on them.

Based on its approved SBA loans, Carver Federal Savings Bank most often finances businesses in general retail. This reflects Carver Federal Savings Bank'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 Carver Federal Savings Bank which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Carver Federal Savings Bank participates in SBA Express depends on its specific SBA lending authority. Contact Carver Federal Savings Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.

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. Carver Federal Savings Bank can confirm its current PLP standing — ask before you apply if speed matters to you.

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. Carver Federal Savings Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Carver Federal Savings Bank directly whether it considers start-up loans.

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 Carver Federal Savings Bank what down payment it expects for your specific commercial real estate purchase.

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 Carver Federal Savings Bank to spell out any prepayment penalties before you sign.

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 Carver Federal Savings Bank to confirm it qualifies and how to document it.

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. Carver Federal Savings Bank weighs this case by case under its own policy, so be upfront about your history and ask Carver Federal Savings Bank how it evaluates prior bankruptcies.