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Business Loans

Fuel Growth. Build Dreams.

Power Your Business Forward with Local Financing

Sunmark's experienced Business Loan Officers help New York businesses grow. Whether you're looking to expand an established business or get a new venture started, we have financing solutions that fit your needs. 

Unlike larger institutions, our team is actively involved in decision-making. Our knowledgeable business lending team, based locally in Latham, is here to guide you through the entire lending process – from your first call through final loan decision and disbursement. 

Our Business Loan Solutions: 

  • Loans and Lines of Credit - Flexible financing for working capital, equipment, and growth 
  • Real Estate Financing - Commercial property loans for purchase, refinance, or development 

Choose Your Path Forward

Business Term Loans

Fixed financing for equipment purchases, expansion projects, or working capital with predictable payments.

  • Flexible loan amounts
  • Competitive fixed rates
  • Various term options

Business Lines of Credit

Access funds when needed for cash flow management, seasonal expenses, or unexpected opportunities.

  • Use funds as needed
  • Pay interest on used amount
  • Revolving credit available

Business Time Notes

Short-term financing solutions with fixed terms to help manage immediate cash flow needs and opportunities. 

  • Fixed-term financing
  • Competitive rates
  • Quick approval process

Business Letters of Credit

Secure payment guarantees for international and domestic transactions, reducing risk for both parties.

  • Payment guarantee
  • International trade support
  • Risk mitigation

Business VISA Accounts

Business VISA Accounts

  • Expense management tools
  • Rewards programs
  • Flexible payment terms

Real Estate Financing

Comprehensive commercial property solutions including mortgages, rental income property, and development loans. 

  • Business mortgage loans
  • Rental property financing
  • Development loan options

SBA Loans

Government-backed loans offering favorable terms and lower down payments for qualified small businesses.

  • Government backing
  • Favorable terms available
  • Small business focused

Linked Deposit Program

Sunmark partners with New York State to offer the Linked Deposit Program - reduced-rate financing to help existing businesses improve operations and competitiveness across NY.

Business Loan FAQs

Get answers to common questions about business financing at Sunmark Credit Union. 
We work with most business types including retail, service, manufacturing, and professional practices. Businesses must be located in New York with good credit history.
A partnership with NY State offering reduced-rate financing for existing businesses to improve operations and competitiveness. Professional, personal service, and retail businesses must employ 100 or fewer and be in distressed areas.
Yes! We work with SBA loan programs to provide government-backed financing options with favorable terms for qualified small businesses.
Rates are determined by each member's overall credit history and vary by loan type. Contact our business lending team for current rates tailored to your situation.

Ready to Grow Your Business?

Our business lending team is ready to discuss your financing needs and help you find the right solution. 

Shane Rauh

VP of Business Services

Rich Bonnet

Business Loan Officer

Ben Goes

Commercial Closing Attorney

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