Skip Content
Login to Online Banking
Business Loans
&nbsp

Business Banking: lending made simple.

Whether you want to expand your business, purchase equipment or cover short-term credit needs Astoria Bank's Business Banking products can help. We know how valuable your time is, so we are here to help with the right financing option and promise that you will not get bogged down with paperwork.

Our Business Banking Approach

Whichever loan you choose, you’ll enjoy such highly personalized services as:

  • A Committed Relationship Manager who’ll work one-on-one to find the right services that make good business sense for you; services flexible enough to grow with your changing business needs
  • A Dedicated Team of Specialists to tailor financial resources that help manage and grow your business
  • Personalized Credit Evaluations that assess the individual characteristics of your business rather than relying on an automated scoring process like many other banks
  • Timely Local Credit Reviews so applications are evaluated and turned around promptly by Astoria Bank credit officers familiar with local businesses
  • Exclusive Priority Branch Service featuring Business Banking tellers to make everyday banking faster and more efficient

Business Term Loans

Available to help businesses finance expansion, leasehold improvements, and other business opportunities.

  • Amount: Starting at $10,000
  • Interest Rate: Fixed or variable rates available
  • Term: Up to 60 months available
  • Repayment Method: Auto-debit from an Astoria Bank Business Account
  • No Application Fee
  • No Annual Fee
  • No Pre-payment Penalty

Business Revolving Line of Credit

Available to help businesses manage their short-term credit needs. Funds can be used for seasonal fluctuations, increases in accounts receivable, inventory purchasing, operating expenses or any unexpected business expenses that may arise. This product provides the flexibility to access funds quickly and conveniently.

  • Amount: $10,000 to $250,000
  • Interest Rate: Variable, based on the Wall Street Journal Prime (subject to change daily)
  • Minimum Monthly Payment: 1/36th of the outstanding Principal balance plus accrued interest
  • Repayment Method: Auto-debit from an Astoria Bank Business Account
  • Collateral: Security Interest in All Assets
  • No Application Fee
  • Annual renewal fee of $150
  • Quick access to funds via Business Online Banking or Telephone Banking

Business Overdraft Line of Credit

Available to help manage cash flow emergencies or bookkeeping errors. It is linked to the borrower's Astoria Bank business checking account and provides overdraft protection.

  • Amount: $5,000 - $25,000
  • Interest Rate: Variable Rate tied to Wall Street Journal Prime
  • Minimum Monthly Payment: 1/12th of the outstanding Principal Balance plus accrued interest
  • Repayment Method: Auto-debit from an Astoria Bank Business Account
  • No Application Fee
  • Annual renewal fee of $150

Business Standby Letter of Credit: protection for the buyer and seller.

A Business Standby Letter of Credit is a product offered to businesses needing proof of credit quality and repayment abilities or a guarantee of payment to a Vendor or Landlord.

  • Repayment Method:  Due upon draw request by beneficiary
  • Fees: Issuance and annual renewal fees
  • Collateral: Cash Collateral

Equipment Financing

Available to help businesses finance machinery and/or equipment purchases to enhance liquidity, productivity, and competitiveness.

  • Amount: Due upon draw request by beneficiary
  • Payment Agreement Types: Seasonal, Fixed or Tiered
  • Term: 36 Months Minimum
  • Repayment Method: Auto-debit from an Astoria Bank Business Account/Direct Billing
  • No Annual Fee

Commercial Revolving Line of Credit — Commercial Line of Credit

Available to help businesses manage their short-term credit needs. Funds can be used for seasonal fluctuations, increases in accounts receivable, inventory purchasing, operating expenses or any unexpected business expenses that may arise.

  • Amount: $250,000 and up
  • Interest Rate: Competitive rate options are available
  • Minimum Monthly Payment: Interest monthly
  • Collateral: Security Interest in All Assets
  • Annual renewal fee may be assessed

Commercial Mortgages

Available for the acquisition, refinance, improvement or expansion of commercial real estate. Property types include retail, office, industrial, multi-family (5-10) and mixed use. Loans are customized with a wide array of financing options.

  • Amount: Starting at $250,000. Customers can borrow up to 75% of the lesser amount of the purchase price or the appraised value.
  • Interest Rate: Competitive fixed or variable rate available
  • Term: Up to 15 years with amortizations up to 25 years
  • Repayment Method: Auto-debit from an Astoria Bank Business Account
  • Fees: Origination, Appraisal and other related fees may apply.

Questions?

Contact us online or visit your local branch – an Astoria Bank Relationship Manager will be happy to help you. Find your neighborhood branch.

Professionals Program

   
Certified Public Accountants Healthcare Providers
Astoria has financial tools your
business needs. Choose the bank
that understands your business.
Caring for your patients is your passion. Helping your practice grow is ours.
Learn more Learn more

Law Firms Real Estate
You’re dedicated to serving your clients.
Working together with our Business Bankers there’s no telling what your firm can achieve.
While you focus on real estate, rely
on our Business Bankers to help scale          your business.
Learn more Learn more

 

 

Your Local Branch