Small Business Loan
Want to start an SBA program?
You’ve come to the right place. SBA consulting services help you invest your business, meet your financing needs, strengthen your business model, and reach your potential.
We will identify your needs and collaborate with you to find the best ways for you to start and grow your business. We will find the optimal lending program for you and help you make the most of that program.
We offer financial and technical assistance to help your company connect to new customers and new markets.
Mission
Our mission is to support small businesses, with a focus on Minority and Women-owned Business Enterprises (MWBEs).
We do this by providing consulting services and financing resources to help entrepreneurs start and grow their businesses, and to eliminate barriers to their participation in state contracts.
You’ve come to the right place. SBA consulting services help you invest your business, meet your financing needs, strengthen your business model, and reach your potential.
We will identify your needs and collaborate with you to find the best ways for you to start and grow your business. We will find the optimal lending program for you and help you make the most of that program.
We offer financial and technical assistance to help your company connect to new customers and new markets.
Social Impact
By empowering women entrepreneurs, we contribute to the economic, cultural, and social vitality of our communities.
We increase access to information and opportunities for women-owned businesses throughout the state.
We are proud to support women small business owners nationwide.
SBA Consulting Service
We provide Strategic SBA Consulting Service and assist you in the following areas:
* Starting a business
Conducting target market research and competitive analysis
Assisting with SBA loan application and packaging
Developing a business plan and strategy
Identifying loan and grant opportunities
Assisting with pre-loan and post-loan
Designing company websites
Explaining fees and regulations
Obtaining business licenses and permits
Explaining import/export rules Solving technical issues
* Acquiring a business
* Expanding a business
Reasons for Borrowing
Boost your cash flow
Renovate your work space
Buy new equipment
Invest in your business
Cover a one-off cost
Hire additional staff
Eligibility Requirements
* NYS Certified MWBE, located in or conduct business in NYS
* Business size: Your business should have at least $200,000 in annual revenue; we focus on female owners with fewer than 300 employees and a net worth below $3.87 million
* Time in business: 1-plus years of business and management experience plus other requirements for startup businesses; you need to show that you can manage and operate your business successfully
* Collateral & guarantees: While SBA loans do not necessarily need to be fully collateralized, it is easier to obtain financing with more collateral (personal and business); 51% or more should be female-owned
* Credit score: 680-plus for all primary business owners
* Sufficient equity: Typically a maximum debt-to-equity ratio of 3x for new businesses or 4x for established businesses is acceptable; in other words, you need to have $1 in cash invested in your company for every $3 to $4 in loan funds
* Ability to repay: Your cash flow must be sufficient to cover all of your loans and other obligations with a cushion; a DSCR on your business of 1.25x or better is generally considered sufficient to demonstrate your ability to repay your debt obligations
Application materials
- Business plan
- Cash on hand and use of funds
- Credit history
- Financial projections
- Collateral
- Industry experience
Contact
Address: One World Trade Center, 85th floor, New York, NY 10007
TEL: 212-619-0576
Email: pfg@portico-financial.com