Business Loans
- Fixed and Adjustable Rate Mortgages
- Competitive interest rates
- Flexible terms and personalized solutions
- Title Insurance service available
- Construction loans and financing
- Competitive interest rates and flexible terms
- Commercial Real Estate Construction loans and financing
- Land Acquisition and Development loans
- Builder financing
- Term Loans for long-term financing needs.
- Equipment loans to purchase essential equipment.
- Financing for new or used vehicles
- Flexible revolving credit lines to fit your business
- Competitive rates and flexible term options
- Monthly Account Summaries
- Monitor Activity Electronically by Account
- Statement Access and Online Payment
- Individual Spending Limits by Employee
- Embedded Chip for Enhanced Security
- Purchase Security/Extended Protection
- Auto Rental Collision Damage Services
- Travel/Emergency Assistance Services
- Visa®'s Zero Liability Policy2
- Emergency Card Replacement
- Cardholder Inquiry Service
Business Cardholder Self-Service Contacts:
SBA & Alternative Lending Options
Pioneer provides access to alternative funding options from $50,000 to $25 million through the Small Business Administration (SBA), US Department of Agriculture (USDA), and Community Loan Fund. Funds may be used for working capital, purchasing or starting a business, obtaining equipment, construction, debt refinancing, or other needs. Eligibility requirements apply.
SBA - 7(a) Loan
Loan amounts between $50,000 - $5 million with interest rate negotiated between borrower and lender.
Who’s eligible?
- For-profit businesses
- Businesses with reasonable invested equity
- Businesses that use alternative financial resources, including personal assets, before seeking financial assistance
How can an SBA – 7(a) loan be used?
- Purchase machinery, equipment, supplies, furniture, fixtures
- Make lease-hold improvements or expand or renovate facilities
- Purchase permanent working capital and/or inventory
- Acquire a business
- Start a business
- Acquire land and build a location
- Refinance certain existing debt
Loan amounts between $100,000 - $5.5 million with fixed interest set at closing.
Who’s eligible?
- Businesses that operate for profit
- Businesses with at least 10% equity injection for most requests
- Businesses that use alternative financial resources, including personal assets, before seeking financial assistance
How can an SBA – 501 loan be used?
- Purchase or renovate capital assets (land, buildings, equipment)
- Refinancing permitted
SBA – Microloan
Loan amount of a maximum of $50,000 with the interest rate set by the lender.
Who’s eligible?
- Small businesses
- Certain non-profit childcare centers
- At the discretion of our lending partners
How can an SBA – Microloan be used?
- Purchase working capital
- Purchase furniture, fixtures, supplies, materials, equipment
Loan amounts of a maximum of $25 million, with interest set by the lender.
Who’s eligible?
- Based on geographical location; speak with an SBA Relationship Manager to discuss eligibility
- Available to for-profit and non-profit entities
- Some industries are excluded (ie: golf courses, gambling)
How can a USDA loan be used?
- Purchase or construction of real estate
- Purchase or install machinery and equipment, supplies and inventory
- Debt refinancing
- Business acquisitions
- Business growth or modernization
Fixed loan payments and amounts of a maximum of:
- $25,000 for start-ups
- $50,000 for businesses operating for 1 year or more
- $500,000 for non-profits
Who’s eligible?
- Women-owned
- Minority-owned
- Low-income borrowers
- Non-profits
How can a loan from the Community Loan Fund be used?
- Purchase or renovate real estate
- Purchase or install machinery and equipment, inventory
- Assist with cash flow or working capital
- Invest in green technology or sustainability
For more information about SBA and alternative lending options, reach out to an SBA Relationship Manager by calling 518.730.3163.
Subject to credit approval and program guidelines. SBA loans are subject to SBA eligibility guidelines. Certain restrictions apply to refinancing options and are subject to program terms.