Business Loans

Construction worker

Business Lines of Credit

Business owners, professionals and not-for-profit organizations can utilize our Short-term line of credit to fund their working capital or other Short term financing needs. These lines have a maturity of one year or less, and you can borrow and repay the line as needed. Interest rates on business lines of credit are floating based on the Prime rate. Depending on your creditworthiness, the line can either be unsecured or secured by current assets or other collateral as deemed appropriate.

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Business Revolving Lines of Credit

Our business revolving line of credit is a commercial line for a longer term up to a prearranged limit. A revolver can be either open-end or closed-end. (An open-end revolver has no maturity date but usually provides for monthly amortization based on a fixed-term for the balance, say 48 months, but the credit arrangement continues until terminated. A closed-end revolver has a fixed maturity date, and you can borrow up to a prearranged limit until the maturity date). Interest is collected monthly, but no amortization of principal is required. Interest rates on business revolving lines of credit are floating based on the Prime rate. Depending on your creditworthiness, the line can either be unsecured or secured.

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Business Term Loans

Our business term loans allow you to borrow a specified amount for a maturity of more than one year. The loan will have a fixed repayment or amortization schedule calling for regular payments of principal and interest, which over the term of the loan, will fully amortize the debt. Interest rates on business term loans can be either floating or fixed. Depending on your creditworthiness, the line can either be unsecured or secured.

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Business Credit Cards

Hudson Valley bank has an exciting and comprehensive suite of credit cards for business or personal use. Our credit cards feature an attractive rewards program, and competitive rates, as well as 0% APR on purchases and balance transfers for the first six months.

Businesses have a choice of a card with or without travel rewards. Individuals can choose from four cards, with either cash, travel or merchandise redemption rewards programs. Specialty cards are also available for young adults and college students. Approval for credit cards is subject to credit underwriting.

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Commercial Mortgages

Whether you are purchasing a piece of commercial real estate, looking to refinance an existing property or desire permanent financing on a newly developed one, Hudson Valley Bank can handle your commercial mortgage financing needs. Highlighted below are the Bank’s lending parameters for construction loans.

Property Types & Loan Amounts:

  • Office -- $500,000 to $5 million
  • Retail -- $250,000 to $5 million
  • Mixed use -- $500,000 to $5 million
  • Warehouse/Industrial -- $500,000 to $5 million
  • Smaller and larger loan amounts available on a case-by-case basis

Geography:

  • Available in Westchester, Manhattan, Bronx, Queens, Brooklyn, Nassau, Suffolk, Fairfield, New Haven, Putnam, Dutchess, Rockland and Orange Counties and other areas on a case-by-case basis.

Terms:

  • Multifamily – 5 or 10 years with re-pricing at the end of year 5, will consider longer terms
  • All other – generally 5 years; longer depending on leases, etc., with re-pricing at the end of year 5
  • Also offer 15-year, self-amortizing fixed rate loan

Amortization:

  • Up to 25 years

Pricing:

  • Fixed or variable rate
  • Generally 1 point

Unique Capabilities:

  • Very quick approvals and closings
  • All decisions made locally
  • Strong knowledge of local market
  • Extremely flexible

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Equipment Leasing and Financing

At Hudson Valley Bank, we are always looking for innovative solutions to suit your business needs. Our Leasing Program is one such solution.

Leasing provides alternative financing to traditional commercial loans and provides you with the flexibility that is so important to your business. Financing your equipment through HVB Leasing Corporation, a wholly owned subsidiary of Hudson Valley Bank, will allow your company to enhance cash flow and preserve working capital. Since leasing enables you to fix your monthly payments over a two-to-five year period, your ability to budget and forecast your finances will be improved. As with all of our programs, you will receive the care and personal service that you have come to expect from Hudson Valley Bank.

This program is available for the leasing of office equipment, such as phone systems and computers, manufacturing equipment, construction equipment, commercial vehicles, warehouse equipment, medical equipment and more. Installation and training can be included in the amount financed in the lease. Examples of the types of leasing programs we provide include:

General Business Equipment:

HVB Leasing will finance a broad range of equipment, including computers, office equipment and furniture, telephone equipment, machinery and much more. These transactions are generally for two-to-five years; rate is fixed for the term.

Municipal Equipment/Energy Project:

HVB Leasing has the expertise to provide equipment leasing to municipal entities, particularly school districts and housing authorities. Equipment can include energy savings projects, office equipment and more.

Energy Project/Equipment Financing:

HVB Leasing Corp. is a leader in Energy project/equipment financing. Projects such as lighting replacement, generators, solar systems and HVAC are examples of the types of financing we provide.

Vendor Leasing Program:

In addition to providing you with the ability to lease equipment for your own business, we also offer a Vendor Leasing Program. If you sell equipment, this program will enable you to offer your customers a leasing option as an alternative to purchasing the equipment. In today's competitive environment, having this option could provide a boost to your sales efforts.

Discover the benefits of HVB Leasing:

  • No large deposits or down payments
  • Broad range of eligible equipment
  • Enhanced cash flow
  • Fixed payment options
  • Preserves working capital
  • Potential tax benefits
  • Inflation protection
  • Fast approvals & implementation
  • Personal Service from a leasing expert

For information about leasing for your business, please contact Michael Weisberg at (914) 768-6898.

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