Northport is a special place- from the waterfront’s shipbuilding past, to the sand mines that built New York City’s sidewalks, the Town of Huntington’s first village contains a small business community that has helped drive the Long Island’s economic growth since the Revolutionary War.
Today, the health and vitality of the small business sector in Northport is a microcosm of our region’s overall economic condition. This is why it is critical that small businesses in the village, and across Nassau and Suffolk are given the tools by government and financial institutions to succeed.
Given Long Island’s highly competitive market place, a prospective entrepreneur faces a sink-or-swim environment that many struggle to stay afloat in. That being said, there are resources available to small businesses across the region that can help new ventures hit the ground running.
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TFCU, along with your other local credit unions, is looking out for you. As not-for-profit cooperatives, Credit Unions return earnings to members in the form of higher dividends and lower loan rates. The end-result is that Credit Unions give local businesses more cash to do business.
We can offer financial services to all people and businesses located in Nassau and Suffolk Counties.
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TFCU’s business accounts are suitable for: Qualified Sole Proprietorships, Partnerships, Unincorporated Associations and Corporations.
Through our partnership with the US Small Business Administration (SBA) and its guaranteed loan programs, TFCU is approved to offer SBA 7a business loans and SBA Express business loans and business lines of credit to our members. These loans are designed for small businesses in need of working capital or funds to purchase inventory, machinery or equipment.
Further, if you want to purchase or refinance a shopping center, office building, medical condominium, or any type of commercial real estate, we are happy to provide you with a commercial mortgage with flexible terms.
These are just a few examples of how a credit union can help a small business thrive in the competitive environment found within Nassau and Suffolk Counties. As a credit union, we believe that regional economic success is built on the foundation of a healthy small business sector. By helping to give entrepreneurs the tools needed for success, we’re confident that Long Island will strongly rebound from the recession.
Feel free to visit our East Northport branch on Larkfield Road, and see what TFCU can do to help your business succeed. For more information on our Business and Commercial offerings, please contact Gary Frisina at 631-698-7000 ex. 6689
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