Getting started with a small business loan

If you've had trouble accessing capital with traditional lenders, we can help.

The Enterprise Center at PathStone was established to create equitable opportunities for underserved individuals and communities. Our focus is increasing access to capital, knowledge, and resources for small business owners seeking to launch or grow their businesses.

Our loans range from $5,000 up to $250,000. If you're looking to start, grow, or expand your business, we've got you covered. Help is just a click away!

Loan Products

Small Business Loan

Eligible small businesses, including start-ups, are welcome to apply for the capital needed to secure a successful outcome for your venture.

Terms

  • Term loans for up to 84 months; fixed interest rates between 7.5% and 9.5%.
  • Loan amounts from $5,000 to $250,000.
  • Uses: Gap financing, machinery and equipment, inventory, leasehold improvements, business debt refinancing, and working capital, and others.
  • Eligible businesses include start-ups, retail, restaurants, manufacturing, transportation, and more.

Float Loan

Existing businesses who provide goods and services on a contract basis and are looking to increase capacity to mobilize and bid on jobs are welcome to apply.

Terms

  • Two options for repayment: up to 6 months at 0.58% or up to 12 months at 0.75%.
  • 2% commitment fee shall be paid to lender from loan proceeds.
  • Loans up to $50,000.
  • Uses: payroll, materials, job-specific machinery, and equipment.
  • After repayment, borrower may draw additional loan funds during the calendar year without submitting a new application.

Steps to apply for a loan

1. Contact one of our team members

You'll start off by contacting one of our Business Development Officers to help determine the best options available to you and assist you through the process.

2. Gather Documents

We'll guide you through the process of collecting all of the documents required to submit a completed application.

3. Submit Loan Application

You've successfully gathered all of your required documents and completed your application. Now it's time to turn it in!

4. Closing and Disbursement

If your loan has been approved, congratulations! It's time to get to business. Meet with us for closing and disbursement.

Apply Today

Submit your application

Today can be the day for change. Apply online!
If all that’s holding you back is money, let us help you move forward.

Submit your application for funding to start or expand your business. Our team is here to answer questions, and your loan comes with training and assistance to help you stay successful in the long run.

New York

All paperwork/documents can be emailed to: peci@pathstone.org         

Application fee can be mailed to:
PathStone Enterprise Center, Inc.
400 East Ave. Rochester, NY14607

Puerto Rico

All paperwork/documents can be emailed to: ruriarte@pathstone.org

Application fee can be mailed to:
PathStone Enterprise Center, PR
606 Ave. Tito Castro, La Rambla Tower, Suite 204
Ponce, PR 00716-0210