Two people operating a business

Business Loans

Because you need to grow without worrying about finances.

OVER 880 OWNERS TURN TO MHV

All lending decisions are handled right here in the Mid-Hudson Valley. 

  • Business Term Loans

    Business Term Loans

    This is our most popular business loan, which allows you to borrow a lump sum of money, typically for a specific purchase you’re making for your business, and then pay the loan back over a set term at a fixed interest rate.
  • Company Vehicle Loans

    Vehicle and Equipment Loans

    We can help you get your business on the road with competitive rates for new and used commercial vehicles loans and financing up to 7 years.
  • Business Line of Credit

    Business Line of Credit

    A line of credit is a flexible way to handle your periodic borrowing needs. Our Business Lending Experts will work with you to understand your business situation and recommend a credit line that enables you to borrow the money you need, when you need it.
  • Business Letters of Credit

    Business Letters of Credit

    Sometimes to secure a project you need to provide letters of credit as a form of collateral. The letters of credit act as security so, in the event you are unable to complete the work, there is monetary relief for the intended recipient.
  • VISA® Platinum Business Credit Card

    VISA® Platinum Business Credit Card

    You can help keep your business growing with credit lines of $1,000 - $25,000 and no annual fee. For your convenience, you can also add authorized employees to your account.
  • Commercial Real Estate Loans

    Commercial Real Estate Loans

    Whether you are purchasing a new building or getting ready to open a new location, we can provide commercial real estate loans to a variety of property types.


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WE OFFER A 24-HOUR EXPRESS BUSINESS LOAN APPROVAL ON LOANS AND LINES OF CREDIT UP TO $25,000

YOU'RE JUST 5 QUESTIONS AWAY FROM GETTING STARTED

Apply for a Business Credit Card or Commercial Mortgage

YOUR BUSINESS LENDING EXPERTS

Chris Trocino

Chris Trocino

VP Business Services

Barry Sutton

Barry Sutton

Business Loan Officer

Jeffrey Dygert

Jeffrey Dygert

Commercial Loan Officer

MAKING THE LOAN PROCESS SIMPLE AND EASY

  • I have been with MHV for about 15 years. The staff has been wonderful and they know me by name. It's a nice feeling to go into the MHV Branch and not just be another number.
    Dr. Richard Solomons, Middlehope Veterinary Hospital
  • MHV understands my business and they realize I need the right tools to get the work done. I was able to get approval in less than 4 hours and was able to pick up my new machine later that night to use the next day. They believe in m
    Steve Reylea, Red Cedar Landscaping

Commonly Asked Questions About Business Loans

  • The documents you need will depend on the structure of your business. Please see the appropriate list below.

    Sole Proprietor / DBA
    • MHV Membership Application
    • MHV Business Resolution of Authority Card
    • Copy of DBA / Sole Proprietor Business Certificate that has been filed with the County Clerk
    • NYS Driver’s License / Photo ID with street address, if a PO Box, proof of residency is required
    Partnership
    • MHV Membership Application
    • MHV Business Resolution of Authority Card
    • MHV Certification of Beneficial Owners
    • Copy of Partnership Agreement Business Certificate that has been filed with the County Clerk
    • NYS Driver’s License / Photo ID with street address, if a PO Box, proof of residency is required
    Association / Organization
    • MHV Membership Application
    • MHV Business Resolution of Authority Card
    • MHV Certification of Beneficial Owners
    • Letter from officers of organization authorizing account opening and stating authorized signers
    • NYS Driver’s License / Photo ID with street address, if a PO Box, proof of residency is required
    Corporation / Sub S Corporation
    • MHV Membership Application
    • MHV Business Resolution of Authority Card
    • MHV Certification of Beneficial Owners
    • Copy of Corporate Filing Receipt (From Black Book)
    • NYS Driver’s License / Photo ID with street address, if a PO Box, proof of residency is required
    LLC / LLP
    • MHV Membership Application
    • MHV Business Resolution of Authority Card
    • MHV Certification of Beneficial Owners
    • Articles of Organization
    • Copy of LLC/LLP Filing Receipt (From Black Book)
    • NYS Driver’s License / Photo ID with street address, if a PO Box, proof of residency is required
  • You will need a Business Loan Application, in most cases a Personal Financial Statement, and various financial documents such as tax returns. For more information, request a call or appointment with a Business Lending Expert.

  • Collateral is very often required. For more information, request a call or appointment with a Business Lending Expert.
  • Yes, please visit our Business Lending page. 

  • You can download the business resolution form here. And the personal financial statement here

Rates, terms and conditions subject to change without notice. All loans subject to credit approval.