Small Business Financing
The following is a sample of the wide range of community-based lenders, banks, and crowdfunding sources that the Pace SBDC works with to provide access to small business financing:
U.S. Small Business Administration (SBA)

U.S. Small Business Administration Website

The SBA is a federal agency that offers two key longer-term financing programs that enable new or expanding small businesses to secure permanent working capital and purchase equipment and/or real estate.

SBA 7(a) Loan Program:

  • Participating lenders receive a guarantee that the SBA will repay up to 85% of the loan if the business borrower defaults on payments

  • Loans of up to $5 million and terms of 25 years for real estate, 10 years for equipment, and 7 years for working capital

  • Eligible uses: working capital, inventory, machinery, real estate purchases, and refinancing debt

  • Guarantee fee ranging from 2% to 3.75%, the cost of which can be included in the loan amount

SBA 504 Loan Program:

  • Borrower requirements of only 10% equity contribution - loans are administered through a partnership between an SBA-approved lender that covers 50% of the project cost and a community development corporation that funds up to 40%

  • Loans of up to $5 million and terms of 20 or 25 years

  • Eligible uses: fixed asset purchases like real estate or equipment

The Pace SBDC is here to guide NYC's entrepreneurs. We can assist with applications to these programs. Contact us to schedule a no-cost, one-on-one business counseling session.


Pace University SBDC

163 William Street, Room 328

New York, NY, 10038   


Office:  (212) 618-6655


  • Facebook Social Icon
  • Twitter Social Icon
  • Instagram Social Icon
  • LinkedIn Social Icon

A, C, J, Z, 2, 3, 45 to Fulton St

E to World Trade Center
6 to Brooklyn Bridge


Partnership Program with the SBA, administered by the State University of New York. Funded in part through a Cooperative Agreement with the U.S. Small Business Administration.  All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA. All SBA funded programs are extended to the public on a nondiscriminatory basis.

© 2021 Pace Small Business Development Center. All rights reserved.