Capital Resources
- NYS Bridge to Success Loan Program: aims to provide qualified Minority and Women-owned Business Enterprises (MWBEs) with access to short-term bridge loans necessary to execute contracting opportunities across New York State
- Contract Financing Loan Fund – NYC Business: is for prime or subcontractors working with a City agency or City-funded entity. The loan repayment terms are aligned with the project payment schedule and must work for an operating business. Loans of up to $1,000,000 at an annual interest rate of 3% are available to eligible businesses.
- JDA Agriculture Loan Fund for Agribusiness Firms: addresses and helps alleviate the economic barriers faced by many New York State small agribusiness owners. JDA has provided $10 million in funding, which will be distributed as low interest loans by third party lenders. Loan amounts up to $200,000.
- Regional Revolving Loan Trust Fund: offers working capital loans to small businesses of up to $100,000 or 90% of the total project cost, whichever is less. Loan terms, interest rates and collateral requirements are determined by the administering corporations and their loan committees.
- Small Business Revolving Loan Fund: is designed to create economic activity by providing greater access to capital for main street everyday small businesses. The program is targeted to minorities, women and other New Yorkers who have difficulty accessing regular credit markets.
- Columbia University – Harlem SBDC: Emergency Loan Fund for Small Businesses is a relief program that disperses capital to assist small businesses struggling as a result of the coronavirus pandemic.
- Brooklyn Alliance Capital, Inc.: provides financing to under-served minority and immigrant entrepreneurs and low-income small business owners to increase financial stability and foster economic growth that will create jobs in Brooklyn.
- Community Development Financial Institutions (CDFIs): this contact list contains local financial services providers with locations throughout New York State, and often serve communities that are not served by traditional banks and financial institutions.
