Small Business Loans
Brooklyn Coop is one of the borough’s leading business lenders. And we are committed to the success of your business. We will treat your application with respect and personal attention to your financial needs, whether you are an established business owner, or just starting out.
Business loans
Our business loan product offers a wide spectrum of financing for your business. Whether you need a loan to purchase inventory, update your equipment, pay accounts receivable, or manage your debt, our lending team will treat your application with care and personal attention. If you are in need of financing for amounts greater than we offer, we may be able to connect with other lenders in our network to help your business get the money that it needs.
Business loans
Our business loan product offers a wide spectrum of financing for your business. Whether you need a loan to purchase inventory, update your equipment, pay accounts receivable, or manage your debt, our lending team will treat your application with care and personal attention. If you are in need of financing for amounts greater than we offer, we may be able to connect with other lenders in our network to help your business get the money that it needs.
Loans for start ups and established businesses
At Brooklyn Coop, we will consider loan applications from any business regardless of their history. Even if you are just starting out or are a micro-entrepreneur, we may be able to provide you with the financing you need to make your business dream a reality! Start-up loans are made for $500 through $15,000 and established businesses are eligible for loans as large as $100,000.
Flexible terms
Brooklyn Cooperative understands that businesses need flexibility when repaying a loan. That is why we provide our business clients with flexibility in choosing a payment plan that is right for them. Our terms go up to a maximum of 12 years, and there is no prepayment penalty.
Fast Turnaround
Get a response within five to ten business days!
You can get started by downloading a loan application from our website.
If you are a start up (less than two years in business), click here. (Español)
Established business owners (two years or more) click here. (Español)
All business owners must fill out the guaranty, the SBA 1919 form, and SBA 413 form, and the 4506-C. The 4506-C must be typed, not handwritten.
For more information on application requirements and our business services,
please email loans[at]brooklyn.coop or call us at (718) 418-8232, option 5.
SBA-Approved Lender
Brooklyn Coop participates in the Small Business Administration (SBA) Express Loan Program which offers promising businesses that might not otherwise qualify for business loans the chance to get the money they need to make their business continue to succeed. The SBA doesn’t make loans themselves, but guarantees a portion of a lender’s loan. This lowers the risk to the lender, thus getting the ball rolling. A greater emphasis in loan decision-making is placed on factors such as a potential borrower’s business plan and business history. Loans to SBA-backed loans may have longer processing times, but borrowers also enjoy lower interest rates than with non-SBA loans.