# Pursuit

A six-state lender with a buying-a-business page.

A mission-based small business lender funded by member banks, formerly New York Business Development Corporation, approved under the SBA's Preferred Lenders and Express programs, lending only in Connecticut, Delaware, Illinois, New Jersey, New York and Pennsylvania by its contact page. It publishes a page whose subject is buying a business, naming an existing business, a franchise and a partner's share as what the loan buys, with the 7(a) from $50,000 to $5 million and terms up to ten years for an acquisition.

- Category: SBA & Acquisition Lenders
- Pricing model: Custom Pricing
- Where it fits: Set Up & Fund the Search, Diligence & Close the Deal
- Website: https://pursuitlending.com/business-loans/use/buying-a-business/

## At a Glance

The one desk this round that wrote a page for the buyer, and a lender for the deal a bank turned down; if the target sits in its six states, it belongs on the list.

- Track Record: Formerly New York Business Development Corporation, rebranded with two affiliates under one name, funded by member banks, with a chief executive named on its leadership page.
- Type: Non-bank lender (lends its own money, no deposits)
- Footprint: Connecticut, Delaware, Illinois, New Jersey, New York and Pennsylvania only, by its contact page, from a Latham, New York headquarters. It presents that list as its whole territory.
- Approval Authority: Says it holds SBA Preferred Lender status, so it can approve the loan itself rather than sending the file to the agency for a second look.
  - The per-state service pages carry it, one sentence each, naming both the Preferred Lenders Program and SBA Express. The acquisition page does not.
- Deal Size: $500k to $5M.
  - States a floor: the smallest loan it publishes is $50k.
  - Its 7(a) page says the program makes funding from $50,000 to $5 million possible, which is the floor for that product; its products page says loans from $10,000 across all its products, a different product set.
- Searcher Practice: A general SBA lending desk, branch-driven.
  - Two acquisition pages, one on the loan and one on acquisitions generally, both addressed to an owner who has already found the business and both explaining structure and eligibility. Nothing on either speaks to the search that comes first.
- Practice Lending: A practice lending program that names buying a practice.
  - Its dental and medical practice pages lend to dentists, physicians and optometrists to start, buy into or acquire a practice, and print funding from $10,000 to $5.5 million across its programs; both pages were last modified in 2022.
- Published Terms: 7(a) from $50,000 to the program's $5 million at variable rates set case by case, ten years for general funding and twenty-five for real estate; a valuation at the buyer's cost past $250,000; no fee schedule.

## What It Costs

Loan products; terms by term sheet. Its 7(a) page publishes a floor of $50,000 and the program's $5 million ceiling, variable rates set case by case over a negotiated spread, and terms of ten years for general funding and twenty-five for real estate; no fee schedule (per pursuitlending.com, September 2026).

## Best For

A buyer in New York, New Jersey, Pennsylvania, Connecticut, Delaware or Illinois whose deal a bank has passed on, since the lender calls itself the stepping stone to one

## Pros and Cons

- Pro: A page whose subject is buying a business, naming an existing business, a franchise and a partner's share in the order a buyer reads them
- Pro: Publishes a [7(a)](https://searchspheresource.com/glossary/sba-7a) floor, $50,000, which most lenders here do not, and a thirty to forty-five day approval window after a complete application
- Pro: An application that starts online and runs largely by email, with loan officers named by region and phone
- Pro: Written for the borrower who does not currently meet bank loan requirements, in its own words, and calls itself a stepping stone to a bank
- Con: Lends in six states only, by its own contact page, and its own pages count them as four, five and six
- Con: Its 7(a) rates are variable and set case by case, with no fee schedule published
- Con: Its products page still counts 2020's lending, and its 7(a) page still markets a program the SBA has since changed
- Con: Names no [search fund](https://searchspheresource.com/glossary/search-fund), [searcher](https://searchspheresource.com/glossary/searcher) or acquisition entrepreneur

## What Searchers Say

Read on its buying-a-business page, its 7(a) and 504 pages, its service locations, its what-to-expect and how-to-apply pages, its leadership and loan officer pages, its rebrand page and its contact page. No searcher-forum discussion of the desk was found.

## Sources

- https://pursuitlending.com/business-loans/use/buying-a-business/
- https://pursuitlending.com/business-loans/products/sba-7a-community-advantage/
- https://pursuitlending.com/business-loans/service-locations/
- https://pursuitlending.com/business-loans/what-to-expect/
- https://pursuitlending.com/contact-us/
- https://pursuitlending.com/rebrand/
- https://pursuitlending.com/resources/business-acquisition-loan/
- https://pursuitlending.com/business-loans/service-locations/new-york-state-small-business-loans/
- https://pursuitlending.com/about-us/financials/member-banks/
- https://pursuitlending.com/about-us/loan-officers/
- https://pursuitlending.com/business-loans/products/

Also on this site: https://searchspheresource.com/resources/category/lender.md
Source: https://searchspheresource.com/resources/pursuit-lending
Last checked: 2026-10-03

Site index for machines: https://searchspheresource.com/llms.txt