USDA Business Loans in Long Island, NY
Find lenders offering usda business loans in the Long Island, including Hempstead, Huntington, Islip, and surrounding areas. Compare rates, terms, and programs from 3 lenders.
USDA Lenders Serving Long Island
3 lenders offering usda business loans in the Long Island, NY area.
Live Oak Banking Company
SBAWILMINGTON, NC
One of the nation's top SBA 7(a) lenders, specializing in lending to small businesses across healthcare, veterinary, beverage, self-storage, and other industries. Offers SBA loans, USDA loans, conventional business loans, and commercial real estate financing.
Celtic Bank Corporation
SBASALT LAKE CITY, UT
Industrial bank and top SBA preferred lender headquartered in Salt Lake City. Specializes in SBA 7(a) lending for business acquisitions, partner buyouts, commercial real estate, and working capital. Also offers USDA business loans.
Stone Bank
SBAMOUNTAIN VIEW, AR
Arkansas-based bank specializing in government-guaranteed lending including SBA, FSA, and USDA business loans. Offers nationwide lending with expertise in SBA 7(a) financing for small business acquisitions and real estate.
Long Island Commercial Real Estate Market
Long Island's CRE market spans Nassau and Suffolk Counties, serving a suburban population of nearly 2.9 million with distinct commercial corridors along the Long Island Expressway (I-495), the Northern State Parkway, and Route 110 in Melville. The Route 110 corridor in Melville-Huntington is the island's premier office submarket, housing tenants in financial services, insurance, and technology, though the market has seen increasing vacancy as firms consolidate space. Industrial demand has strengthened significantly, with last-mile distribution facilities in high demand across both counties to serve the dense consumer base. The redevelopment of the Nassau Hub area around the former Nassau Coliseum site in Uniondale represents one of the largest mixed-use opportunities in the New York metro area.
Key Economic Drivers
- ●Route 110 corridor office cluster in Melville serving financial services, insurance, and technology tenants
- ●Last-mile logistics demand driven by e-commerce serving Long Island's 2.9 million suburban consumers
- ●Northwell Health, Long Island's largest private employer, generating medical office and ambulatory care facility demand
- ●Nassau Hub redevelopment at the former Coliseum site creating a potential mixed-use destination
Market Insight
Long Island's Industrial Development Agencies (IDAs) in both Nassau and Suffolk Counties offer PILOT agreements that can reduce property tax burdens by 50% or more for qualifying commercial projects, making them a critical underwriting consideration for CRE investors on the island.
USDA Business Loans in Long Island, New York
USDA Business & Industry (B&I) loans provide government-guaranteed financing for rural businesses. Similar to SBA loans but for rural areas, they offer competitive terms for business acquisition, real estate, equipment, and working capital in communities with populations under 50,000. In the Long Island metro area, borrowers can access 3 lenders offering USDA financing, including Hempstead, Huntington, Islip, and surrounding areas. Loan amounts typically range from $50K to $25M with rates from Variable or fixed, competitive.
Who Should Consider USDA Business Loans?
- Rural businesses
- Agricultural operations
- Rural real estate
- Businesses in towns under 50,000 population
Key Requirements
- Business in area with population <50,000
- For-profit or nonprofit
- Unable to get credit elsewhere
- Sufficient cash flow
Advantages
- ✓Up to 80% government guarantee
- ✓Long terms available
- ✓Competitive rates
- ✓Flexible use of funds
Considerations
- •Must be in eligible rural area
- •Lengthy approval process
- •Extensive documentation
- •Limited lender availability
USDA Business Loans in Other New York Cities
Find USDA Lenders in Long Island
Get matched with lenders offering usda business loans in the Long Island, NY area. Free for borrowers.
Get Matched — Free →