NYBDC Local Development Corporation dba Pursuit Community Fi
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by NYBDC Local Development Corporation dba Pursuit Community Fi
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 88 | $21.2M | $241K | 17.5% |
| 713940 | Fitness and Recreational Sports Centers | 40 | $7.6M | $190K | 7.9% |
| 722513 | Limited-Service Restaurants | 32 | $7.1M | $222K | 6.3% |
| 812199 | Other Personal Care Services | 16 | $3.1M | $194K | 3.2% |
| 722410 | Drinking Places (Alcoholic Beverages) | 16 | $2.3M | $145K | 3.2% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 16 | $3.6M | $225K | 3.2% |
| 713990 | All Other Amusement and Recreation Industries | 16 | $2.0M | $124K | 3.2% |
| 448190 | Other Clothing Stores | 8 | $1.9M | $233K | 1.6% |
| 445298 | Other | 8 | $2.1M | $261K | 1.6% |
| 621610 | Home Health Care Services | 8 | $1.6M | $200K | 1.6% |
Geographic Distribution
SBA lending activity for NYBDC Local Development Corporation dba Pursuit Community Fi by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 352 | $70.1M | 69.8% |
| Pennsylvania (PA) | 104 | $22.6M | 20.6% |
| New Jersey (NJ) | 48 | $10.3M | 9.5% |
Why Choose NYBDC Local Development Corporation dba Pursuit Community Fi?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 504 SBA loans approved, totaling $102.9M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Fitness and Recreational Sports Centers, Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 9.50% with flexible term lengths averaging 138 months
- ✓Loan Range: Loan sizes from $54K to $350K, with an average of $204K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in NY, PA, NJ
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about NYBDC Local Development Corporation dba Pursuit Community Fi SBA lending
What types of businesses does NYBDC Local Development Corporation dba Pursuit Community Fi typically finance?
NYBDC Local Development Corporation dba Pursuit Community Fi specializes in SBA 7(a) lending to specific industries including full-service restaurants, fitness and recreational sports centers, limited-service restaurants, other personal care services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are NYBDC Local Development Corporation dba Pursuit Community Fi's typical SBA loan terms?
NYBDC Local Development Corporation dba Pursuit Community Fi's SBA 7(a) loans typically feature an average interest rate of 9.50% and average term length of 138 months (approximately 12 years). Loan sizes range from $54K to $350K, with an average loan size of $204K.
Do I need a business valuation for a NYBDC Local Development Corporation dba Pursuit Community Fi SBA loan?
Yes, NYBDC Local Development Corporation dba Pursuit Community Fi typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does NYBDC Local Development Corporation dba Pursuit Community Fi compare to other SBA lenders?
NYBDC Local Development Corporation dba Pursuit Community Fi has originated 504 SBA loans totaling $102.9M since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does NYBDC Local Development Corporation dba Pursuit Community Fi lend in?
NYBDC Local Development Corporation dba Pursuit Community Fi provides SBA 7(a) financing with particularly strong presence in NY, PA, NJ. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
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