Port 51 Lending LLC

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.

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.

Port 51 Lending LLC operates from 9:00 AM to 6:00 PM, Monday through Friday. Please confirm these hours directly with the lender.

There are no fees for initial consultations; however, loan processing and closing may involve standard fees, which will be disclosed during the application process.

This lender primarily serves small businesses within its geographic region, but eligibility depends on meeting credit and business criteria regardless of residency.

A minimum personal credit score of 640 is generally recommended, though higher scores improve the likelihood of approval and better loan terms.

The underwriting 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 Port 51 Lending LLC 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 Port 51 Lending LLC to confirm current weekend availability before you go.

Port 51 Lending LLC 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 Port 51 Lending LLC, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Port 51 Lending LLC itself, which runs its own lending under its own ownership. If you work at Port 51 Lending LLC, you can claim this listing from this page to manage it.

The core details for Port 51 Lending LLC — 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 Port 51 Lending LLC before applying. If you represent Port 51 Lending LLC, claim this listing to keep its information up to date.

You can reach Port 51 Lending LLC at (646) 807-8711, by email at info@baystreetlending.com, or through baystreetlending.com. Confirm with the lender for SBA loan inquiries.

Based on its approved SBA loans, Port 51 Lending LLC most often finances businesses in restaurants & food service, hotels & lodging, construction & contractors, medical practices & clinics, transportation & trucking, and fitness & recreation. This reflects Port 51 Lending LLC'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 Port 51 Lending LLC 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 Port 51 Lending LLC participates in SBA Express depends on its specific SBA lending authority. Contact Port 51 Lending LLC 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. Port 51 Lending LLC can confirm its current PLP standing — ask before you apply if speed matters to you.

Port 51 Lending LLC typically requires at least 6 months in business, though they may have options for those not meeting standard criteria. Confirm startup eligibility directly with the lender.

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 Port 51 Lending LLC 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 Port 51 Lending LLC 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 Port 51 Lending LLC 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. Port 51 Lending LLC weighs this case by case under its own policy, so be upfront about your history and ask Port 51 Lending LLC how it evaluates prior bankruptcies.