Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

M&T Bank business financing review

Get unsecured installment business loans of up to with terms of .’s rating: 3.0 / 5.0


Financing a new business endeavor is easier said than done. Whether you’ve just opened up your first business or you’re a seasoned entrepreneur, funding the growth of your business can be a challenge.


Min. Amount$10,000
Max. Amount$100,000
Loan TermUp to 120 months
APR6% to 9.75%

What is M&T Bank?

Founded in 1856, M&T Bank has its headquarters in Buffalo, New York. It’s a financial institution with more than 775 bank branches spread across nine states.

This provider offers a range of financial products to its customers, including checking accounts, savings accounts, credit cards, personal loans, auto loans, business loans, mortgages and education financing.

What makes M&T business loans unique?

M&T offers secured and unsecured installment business loans of up to $100,000, with term lengths of up to 10 years.

M&T’s business loans are designed to accommodate for a number of business financing solutions, including the purchase of real estate, renovations, equipment financing and long-term working capital.

Throughout the process of your loan application, M&T Bank’s Relationship Managers can help guide you thought the task of selecting the best business financing product to fit the needs of your growing enterprise.

What other business financing options does M&T Bank offer?

  • Commercial or investment real estate loans. Intended for the purchasing or refinancing of both owner-occupied business locations and investment properties, M&T’s business real estate loans start at $50,000 with fixed or variable interest rate financing and terms of up to 10 years.
  • Equipment financing loans. Designed to help businesses lease commercial equipment, M&T’s tax-oriented and non-tax-oriented equipment leases start at $250,000 and offer both fixed and variable rate terms.
  • SBA loans. These loans are guaranteed by the US Small Business Administration and offer funding of up to $5 million with variable interest rates for both experienced entrepreneurs and startup businesses alike.
  • Business line of credit. With the Business Access Line of Credit starting at $5,000 and the FlexLine of Credit starting at $950,001, M&T Bank offers accessibility of loan checks, ATM transfers and withdrawals.
  • Top 10 SBA lender

M&T Bank was ranked a top SBA lender in 2015 according to the Small Business Administration’s released statistics for total approved SBA loans.

What are the benefits of an M&T Bank business loan?

  • No restriction on loan usage. M&T doesn’t impose many restrictions on the use of its business loans, so you can use your funds to purchase real estate, fund an equipment purchase or expand your inventory.
  • Start your application online. Enjoy the convenience of an online application process by starting your loan application process on M&T’s website.
  • Easy repayment. Unsecured business loans with M&T Bank feature an automatic payment deduction feature, which means your monthly loans payments are withdrawn from your M&T business checking account so you’ll never miss a payment.

What to watch out for

M&T Bank offers both secured and unsecured term loans starting at $10,000 to eligible business owners, but be wary of potential drawbacks:

  • Not available in all 50 states. M&T Bank business loans are only available in the following states: New York, New Jersey, Maryland, Connecticut, Delaware, District of Columbia, Pennsylvania, Virginia and West Virginia.
  • You’ll have to apply first to see loan terms. M&T doesn’t offer any information about its loan fees on its website, which means potential borrowers could be in for a nasty surprise in the form of hidden fees and penalties.
  • $100,000 cap on unsecured loans. If you aren’t prepared to offer up collateral to secure your business loan, the maximum amount you’ll be eligible for is $100,000, which may not be enough working capital for some borrowers.

Compare business loans from top providers

Name Product Filter Values Loan amount APR Requirements

Fora Financial business loans
Finder Rating: 4.1 / 5: ★★★★★

Fora Financial business loans
$5,000 – $500,000
6+ months in business, $12,000+ monthly revenue, no open bankruptcies
Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Best for companies with at least six figures in annual revenue.

Lendio business loans
Finder Rating: 4.75 / 5: ★★★★★

Lendio business loans
$500 – $5,000,000
Starting at 6%
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.

National Funding business loans
Finder Rating: 4.75 / 5: ★★★★★

National Funding business loans
$5,000 – $500,000
4% to 8%
Be in business at least one year and make at least $150,000 in annual sales. Other loan types have additional requirements.
Working capital loans and equipment financing, some high-risk industries may be eligible.

Fundbox lines of credit
Finder Rating: 4.2 / 5: ★★★★★

Fundbox lines of credit
$1,000 – $150,000
Not stated
6 + months in business, $100,000+ in annual revenue, 600+ credit score
Get flat rate, short-term financing based on the financial health of your business, not your credit score.

Bitty Advance business cash advances
Finder Rating: 2.8 / 5: ★★★★★

Bitty Advance business cash advances
$2,000 – $25,000
Not applicable
$5,000 monthly bank revenue, 6+ months in business, business bank account open 3+ months, 450+ credit score
With APRs in the triple digits, this is best saved as a last resort.

Compare up to 4 providers

M&T Bank reviews and complaints

BBB accredited Yes
BBB rating A+
BBB customer reviews 1 out of 5 stars, based on 80 customer reviews
BBB customer complaints 487 customer complaints
Customer reviews verified as of 14 October 2020

M&T Bank has been accredited with the Better Business Bureau (BBB) since 1923. While none of M&T Bank's recent reviews are about its business loans, borrowers do say they enjoy the bank’s online Bill Pay feature and convenient loan application process. However, some warn of manipulative lending practices and hidden fees. Negative reviews suggest the bank is guilty of “nickel and diming” its customers with multiple fees.

Reviews of M&T Bank’s customer service for business loans tend to be negative, with reviewers complaining of long wait times to speak with representatives and a lack of empathy or understanding on behalf of M&T staff.

Am I eligible?

M&T Bank doesn’t list eligibility criteria for its business loans online. You’ll have to submit your information before finding out if you qualify. If this process isn’t convenient for you, consider other business loan options.

How do I apply?

  1. Go to M&T Bank’s website and click Business Loans.
  2. Click Get Started Today.
  3. Provide M&T with your full name, business industry, email address, phone number and business name. Click Get Started Today.
  4. An M&T loan specialist will reach out to you through your preferred method of contact to gather more information from you. Or, you can follow up on the status of your application by calling or visiting your local branch.

Step-by-step application with screenshots

What documents do I need to apply?

M&T Bank doesn’t provide information on its site about what documents are required to submit your application. But typically, lenders request that you provide the following:

  • Government-issued photo ID.
  • Your Social Security number and tax identification number.
  • Business bank statements from the previous three months.
  • Your business’s tax return.
  • A void check from your business checking account.

I got the M&T Bank business loan. Now what?

  • Review your loan documents. Your loan documents contain all the most important information about your loan, including any late fees or prepayment penalties M&T Bank may charge should you submit a late loan payment or pay off your loan early.
  • Use your funds. Now that you’ve got the working capital you need, use your funds to expand inventory, purchase real estate or hire new talent.
  • Set up payments. You can set up automatic monthly payments of your loan with M&T’s automatic payment deduction feature, in which your monthly loan payments are taken directly from your business checking account.

Bottom line

M&T Bank has several loan options for business owners looking to finance their business ventures. If you’re interested in pursuing a loan with this lender and live in one of the nine states it services, reach out to your local M&T Bank branch to learn more about the application process. But be wary of potential fees and penalties associated with an M&T business loan.

Compare your loan options with other lenders near you to ensure you receive the best rate and loan term for your business’s needs.

Frequently asked questions about M&T Bank

Business loan ratings

★★★★★ Excellent
★★★★★ Good
★★★★★ Average
★★★★★ Subpar
★★★★★ Poor

We rate business loan providers on a scale of 1 to 5 stars based on factors like transparency, costs and customer experience. We don’t take into account elements like eligibility criteria, state availability or payment frequency — we save that for our reviews.

Read the full methodology of how we rate business loan providers to get a better picture of what goes into each star rating.

Ask an expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use and Privacy and Cookies Policy.
Go to site