Investing in New York’s Small Businesses
The Fund provides the New York Business Development Corporation with funds to make loans to small businesses for working capital, equipment or real property. NYBDC has a goal of making at least 25 percent of its loans to women- or minority-owned businesses. With its focus on small business lending, NYBDC can frequently offer more favorable terms than other lenders.
Since the program began in 1987, NYBDC has made 967 loans totaling $312 million to businesses that employ over 19,000 New Yorkers. Last year, NYBDC made 56 loans totaling $24.0 million.
Back to The Fund’s Impact on NYS Residents.