M&T Bank
Our purpose is to understand the individuals and the businesses in our neighborhood, so we can create the right opportunities for the people we serve.
Contact Information
General Information
Jarred M. Ricks | Sr. Vice President, Regional Manager, DC & MD Business Banking | (202) 768-3428 | jricks@mtb.com
Advisory Services Offered
Products & Services
Products & Interest Rates
- Secured term loans: Rates vary
- Secured lines of credit: Rates vary
- Business credit cards: Rates vary
Loans Offered
- Small business microloans:
- up to $5k
- $5,001 – $50k
- Small business loans:
- $50,001 − $150k
- $150,001 − $250k
- greater than $250,001
SBA & Other Products
- 7(a) loans
- 504 loans
- Microloans
Eligibility & Requirements
General Requirements †
- Personal Credit Score:
Minimum 600 - Business Credit Score:
N/A - Personal Guarantee:
Yes - Years in Operation:
Starts up are welcome - Collateral:
Collateral requirements vary, but can include all business assets, and personal assets - Number of Months Financial Statements:
1 year personal; 1 year business tax returns, and full underwriting; 2 years personal and 2 years business tax returns - Annual Revenue:
$350,000 - Other:
Personal financial statement, SBA requests have additional requirements; specific industries, non-profits, and acquisitions have additional requirements
Ineligible Loan Uses ‡
- Insufficient cash flow, credit score, and/or collateral shortfall.
- Gambling, adult entertainment, firearms, illegal and/or other controlled substances, firearms, cryptocurrency, and others.
† Note: These are generally required
‡ Items, industries, and/or purposes that are not eligible for financing
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