M&T Bank Small Business Loans Review for 2019

Maddie Shepherd

Contributing Writer at Fundera
Maddie Shepherd is a former Fundera senior staff writer and current freelance writer. Maddie has an extensive knowledge of business credit cards, accounting tools, and merchant services, but specializes in small business financing advice. Maddie has a bachelor's degree in Spanish and Latin American cultures from Barnard College.
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If you’re running a business on the East Coast of the U.S., then you might be familiar with M&T Bank. Whether you bank with M&T, or you’ve simply driven past one of their branches on your way to the office, you might not be familiar with the M&T Bank small business loan options that this institution offers up. Even more, you might not know that M&T Bank is one of the top SBA lenders in the nation thanks to their track record of lending over $112,000,000 worth of SBA funding in 2017.

Beyond SBA loans, M&T Bank offers some pretty stellar small business loan options. But are they worth the hassle, paperwork, and patience that small business bank loans often require?

We’ve compiled all the details on M&T Bank small business loans so that you can decide for yourself whether this is the right funding fit for your business.

M&T Bank Small Business Loans: All the Details

If you’re wondering what kinds of small business loans M&T Bank offers, the short answer is, well, a lot. Although they’re most renowned for their SBA lending, M&T Bank offers a total of six different kinds of M&T Bank small business loans. Based on what you want from your small business funding, you’ll be able to choose from the six forms of M&T Bank debt financing.

Fair warning, though: M&T Bank doesn’t provide a lot of public information on their small business loan options, so they’ll require you to go through underwriting to get much of the practical information on what kind of business funding you can secure through them.

That said, we’ve done some digging and compiled all the numbers and logistics we could find on M&T Bank small business loans. Let’s see what each M&T Bank small business loan would entail for your business finances:

M&T Bank SBA Loans

As a reminder, M&T Bank SBA lending is the most widely known facet of their small business lending. In fact, M&T Bank was the number 8 SBA lender in the nation for 2017. Even though they offer large amounts of funding in the form of SBA loans, M&T Bank only participates in two SBA loan programs—the SBA 7(a) loan program and the SBA Express loan program.

If you qualify for an SBA 7(a) loan from M&T Bank, then your loan can be as large as $5 million, rates as low as 7%, and loan repayment terms from seven-25 years long.

Alternatively, qualifying for an SBA Express loan will mean a loan of up $350,000, rates as low as 9.75%, repayment terms from 5-25 years long, and an SBA decision within 36 hours.

M&T Bank Business Lines of Credit

If you’re looking for more for more flexible funding than SBA loans can provide, then consider M&T Bank business lines of credit. This kind of M&T Bank business loan will  come in two forms. One, which they call the Business Access Line of Credit, offers credit limits ranging from $5,000 all the way up to $950,000. If you need access to more credit than that range allows for, M&T Bank also offers their FlexLine of Credit that can extend credit limits of $950,001 and up.

M&T Bank Business Term Loans

M&T Bank small business loans can also come in the form of traditional, straightforward business term loans. M&T Bank business term loans can be either unsecured or secured, but if you’re able to provide collateral, then you’ll be able to access more ideal terms.

Unsecured business installment loans from M&T Bank can range from $10,000 to $100,000, while Secured M&T Bank business term loans have no maximum amount. M&T Bank doesn’t disclose any more information on their unsecured small business term loan. They do share that their secured term loan can come with repayment terms as long as 10 years.

m&t small business loans

M&T Bank Commercial Real Estate Loans

Alternatively, if you’re looking for an M&T Bank small business loan specifically for purchasing some form of real estate, they have commercial real estate loans for that. If you want to purchase a storefront for your small business, then you’ll be most interested in the M&T Bank owner-occupied commercial real estate loan. It offers funding of $50,000 and up with repayment terms ranging from five-10 years.

If you’re hoping to get an M&T Bank small business loan to invest in real estate that your business won’t necessarily occupy, then their investment real estate loans are $100,000 and up with repayment term lengths of 10 years and amortizations of up to 25 years.

M&T Bank Business Equipment Loans

To access capital to purchase equipment for your business, look into M&T Bank business equipment financing. Unfortunately, M&T Bank discloses pretty much no details on the equipment financing they offer. You’ll only be able to find general information on the concept of equipment financing, rather than the amounts, terms, and rates that M&T Bank offers specifically. Contact M&T Bank directly to find out specifics on the equipment loans that might be available to you.

M&T Bank Business Credit Cards

Finally, if you want to access business funding from M&T Bank with your personal credit, then consider an M&T Bank business credit card. They offer two business credit cards—the M&T Business Credit Card and the M&T Business Rewards Credit Card.

The M&T Business Credit Card boasts no annual fee and a 12-month 0% intro APR period. The M&T Business Rewards Card ups the ante, though, by piling on a $100 welcome offer and 1.5% unlimited cash back on top of the perks that the M&T Business Credit Card offers.

Unfortunately, M&T Bank doesn’t disclose any minimum personal credit you’ll need to be eligible for these business credit cards. If you apply, be sure to know you’ll have a hard inquiry on your personal credit that might end up hurting your credit score in vain if you don’t qualify.

Alternatives to M&T Bank Small Business Loans

Not quite convinced that any of the M&T Bank small business loans are the right source of funding for your business?

No sweat—there are tons of small business loans for you to choose from. So many, in fact, you might need some help sifting through potential alternatives to M&T Bank small business loans. We’ve got you covered on this front, too.

Most non-bank alternatives to M&T Bank small business loans are going to be easier to qualify for and quicker to fund. So, if your business needs more accessible funding, keep reading. Here are the best alternatives to small business loans from M&T Bank:

For SBA Loans, Try Us Out!

Because they’re regulated by the SBA, SBA 7(a) loans will—for the most part—be the same from lender to lender. The area where SBA loans can vary most, though, is in how quickly you can fund.

If you apply for funding through Fundera and your credentials qualify you for an SBA 7(a) loan, we can often get your application funded within a month through an SBA lender in our network. Measured against traditional bank SBA lenders, our time-to-fund for SBA loans is pretty much unheard of.

So, if you want to access the ideal terms that come with an SBA 7(a) loan (and not an SBA Express loan), but you’re not in a place to wait months and months for funding, then we think you should come to us.

For Business Lines of Credit and Term Loans, Look to Fundation

If you’re looking for a business term loan or a business line of credit with a repayment term of a year or more, then Fundation is your best alternative to M&T Bank small business loans. Fundation offers term loans and credit limits ranging from $20,000 to $350,000, terms from one-four years, and rates as low as 7.9%.

To be eligible for Fundation funding, you’ll just need to fulfill these minimum requirements:

  • At least $100,000 in annual revenue
  • A personal credit score of at least 660
  • At least a year in business

The best part of choosing Fundation as your source of funding? If your business qualifies, then Fundation can get you funded in as little as a day.

For Business Equipment Loans, Consider Balboa Capital

If you were specifically interested in M&T Bank business loans for purchasing equipment, then we suggest you check out Balboa Capital. This alternative lender offers equipment financing from $2,000 to $500,000 with repayment terms from two-five years and rates as low as 3.99%. To be eligible for Balboa Capital equipment financing, you’ll need to make sure that you’re working in an approved industry, that you haven’t had a bankruptcy in the past seven years, and that you fulfill their minimum requirements:

  • At least $100,000 in annual revenue
  • A personal credit score of at least 600
  • At least a year in business

Even better—Balboa Capital also offers a corporation-only guarantee option for their equipment financing product, so you could potentially avoid providing a personal guarantee with this alternative lender.

For Business Credit Cards, Chase Ink Business Unlimited Wins

If you’re in the market for a business credit card and are considering applying for one of the M&T Bank business credit cards, we suggest you first take a look into the Chase Ink Business Unlimited. This business credit card offers all the perks that the M&T Business Rewards Card offers, like a $0 annual fee, a 12-month 0% intro APR period, and an unlimited 1.5% cash back. However, its welcome offer is much larger.

If you spend $3,000 within your first three months after opening your Ink Unlimited account, then you’ll earn a $500 cash back bonus. So, if you’re pretty confident that you’ll spend that $3,000, then the Ink Unlimited is a clear winner over either M&T Bank business credit card.

M&T Bank Small Business Loan Offerings: Final Thoughts

Now that you’ve made it through our entire guide to M&T Bank small business loans, what are some takeaways for you to move on with? You’ve taken in a lot of information on a lot of funding options, so you’ve got a good foundation for moving forward confidently in your search for small business capital.

Keep in mind as you search, though, that only the most qualified small business owners will be able to access bank funding like M&T Bank small business loans. That said, if you’re able to qualify, bank loans can provide you with some of the very best amounts, terms, and rates possible. However, if you need accessible funding—and you need it fast—then alternative lenders like the ones we’ve highlighted will be better suited for your needs.

Editorial Note: Fundera exists to help you make better business decisions. That’s why we make sure our editorial integrity isn’t influenced by our own business. The opinions, analyses, reviews, or recommendations in this article are those of our editorial team alone. They haven’t been reviewed, approved, or otherwise endorsed by any of the companies mentioned above. Learn more about our editorial process and how we make money here.

Maddie Shepherd

Contributing Writer at Fundera
Maddie Shepherd is a former Fundera senior staff writer and current freelance writer. Maddie has an extensive knowledge of business credit cards, accounting tools, and merchant services, but specializes in small business financing advice. Maddie has a bachelor's degree in Spanish and Latin American cultures from Barnard College.

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