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Company Description
New York Business Development Corporation (NYBDC) and its affiliates The 504 Company and Excelsior Growth Fund operate together as Pursuit, a community-focused small business lender dedicated to helping businesses access affordable capital and expert guidance so they can grow and strengthen the communities they serve. With more than 65 years of lending experience and approval to offer SBA products through the SBA Preferred Lenders Program and SBA Express Program, Pursuit delivers a broad suite of financing solutions, including SBA 504 loans for owner-occupied commercial real estate and major fixed assets, SBA 7(a) loans, SBA Microloans, and its proprietary SmartLoan, alongside advisory services that help owners prepare and position their applications. Pursuit offers over 15 loan programs ranging from $10,000 to $5,500,000+ and supports a wide range of use cases such as working capital, equipment and technology purchases, construction and improvements, refinancing business debt, buying a business, inventory, and startup funding. Headquartered in Latham, New York, and serving businesses primarily across New York, New Jersey, Pennsylvania, and Connecticut—with select additional states including Delaware and Illinois—Pursuit combines an online application with one-on-one, dedicated lender support to balance speed with diligence and ensure each borrower is matched to the right solution and timeline. Its impact-oriented mission is reflected in recent results: in 2023, Pursuit made 785 loans totaling $309 million, supporting the creation or retention of 3,458 jobs, and during the pandemic it delivered $880 million in relief funding across 12,800 relief loans, averaging $69,000 each. Backed by a network of member banks, shareholders, and referral partners, Pursuit focuses on practical, accessible lending for Main Street small businesses across sectors including retail and consumer services, hospitality, healthcare practices, contractors, manufacturers, and professional services firms, providing consistent guidance from application to funding and beyond to help entrepreneurs realize what’s possible.
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