MultiFunding is proud to announce the 2014, top 20 banks in New York for lending to small businesses. In early November 2014 MultiFunding partnered with Entrepreneur Media to launch an innovative and state of the art interactive search tool, like Zillow, that makes it possible for entrepreneurs to instantly identify and evaluate local banks by their track records for lending to small businesses.
The Bank Search tool calculates the total dollar value of loans made by a bank to small businesses. Small business loans are defined as loans between $100,000 and $1,000,000, then divided by the total number of branches owned by the bank. In addition to a list of local results based on this equation, entrepreneurs can see an estimate of small‐business loan balances held at each branch.
“One of the biggest challenges that small businesses face is access to capital,” says Ami Kassar, CEO of MultiFunding. “Our grading system and website help small business owners find local banks that are friends of small business.”
The best small business banks around New York are: