Commercial Loans and Lines-of-Credit
Think it's tough to get business credit these days? Think again. Suffolk Federal offers various commercial loans, mortgages and line-of-credit programs to help you grow your business.
Suffolk Federal Fixed Term Loans
Structured with either fixed or variable rates, terms and conditions to meet your exact requirements. Borrow for a term of up to 7 years and have payments automatically deducted from your choice of investment accounts.
Suffolk Federal Commercial Mortgages
Whether it's for new construction, purchasing a building or equipment, acquiring investment property or refinancing an existing building, we can help you with flexible terms, convenient payment methods, extremely competitive rates, and fast turn-around. A full range of real estate loans are available, and best of all...with no prepayment penalties!
Suffolk Federal Line-of-Credit Programs
Maintain liquidity for your operation and growth, so you can better carry accounts receivable, purchase inventory, pay suppliers and cover payroll. Establish a revolving line-of-credit that can provide your company with the flexibility to increase and reduce borrowings based on your cash flow needs, minimizing your loan payments and interest costs.
Suffolk Federal Business Overdraft Line-of-Credit
As a benefit to our Business Membership, Suffolk Federal offers a Business Overdraft Line-of-Credit, allowing business members the convenience of access to their funds 24-hours a day, seven days a week. Business Overdraft Line-of-Credit loans are open-ended unsecured loans with variable rates.
Suffolk Federal Equipment Line-of-Credit
We offer the flexibility of prearranged financing for your equipment needs, while helping you minimize interest expenses by financing only what you need when you need it. Line terms are available for up to 18 months, after which, outstanding balances may be converted to a fully amortizing term loan of up to seven years.
Suffolk Federal SBA Loans
Suffolk Federal is proud to participate in the U.S. Small Business Administration loan guarantee program. We offer both SBA 7 (a) and SBA 504 financing programs, both of which provide flexibility and are ideal financing options. The SBA 504 loan program can allow you to obtain up to 90% financing of commercial real estate (eligibility criteria and limitations apply). We're able to help borrowers establish new businesses or to assist in the operation, acquisition, or expansion of an existing business.
To learn more about Suffolk Federal's Commercial Loans and Lines-of-Credit, contact a representative of our Business Team or visit one of our convenient branch locations throughout Suffolk County, Long Island, NY.