Financing options regardless of your business’s credit history

Access the capital you need whether your business is new or established.

SBA Loan vs. Conventional Loan

Long-standing business owners understand that lending institutions like M&T Bank have an array of business financing options available, including term loans and lines of credit. Qualifying businesses can borrow money for operational expenses, acquisitions, new construction, equipment purchases and more. M&T offers business loans with competitive fixed or variable interest rates and flexible terms.

But to access conventional financing, businesses typically need a proven credit history. The Small Business Administration (SBA) is a government agency that partners with lenders to offer loans for businesses without established credit. By guaranteeing a portion of the loan, the SBA frees lenders to take on more risk in financing businesses that haven’t yet demonstrated success. A new business owner can likely find an opportunity with an SBA loan vs. commercial loan options that might be inaccessible. M&T is a top-rated SBA lender. We can help business owners access this type of financing.

Other SBA Loan vs. Business Loan considerations

Borrowers are only eligible for SBA loans if they don’t qualify for conventional financing. Additionally, they must operate a for-profit business in the United States. SBA loans have terms of up to 25 years, which can allow for more affordable monthly payments. However, established businesses with high credit scores can access more competitive rates through a conventional business loan.

M&T Bank is a Top 10 national SBA lender and is the top-ranked choice in Baltimore, D.C., Philadelphia, Delaware and Buffalo/Rochester. We’ve helped countless small businesses get the funding they need to succeed.

Whether you’re a start-up without a proven credit history or an established business that can qualify for the most competitive rates, M&T has a financing solution right for you.


Raising Capital

Understanding your potential business’ financial needs can help determine the funding sources that best meet those needs. Our resources will help to inform you of your next steps. Learn more about raising capital.