Resources & Funding » NYBDC
Tech Garden Anchor Tenant: NYBDC
Created by an act of the New York State Legislature, the New York Business Development Corporation (NYBDC) is a private corporation with nearly 130 New York State banks participating as members. Its mandate includes providing access to capital and advancing economic development in New York State through financing programs for creditworthy small businesses in participation with member banks and other lending partners. Through NYBDC, small businesses in New York State have the opportunity to obtain financing that may not be available through conventional means.
NYBDC offers creative financing programs that include alternative sources of collateral, adding SBA or USDA guarantees and offering flexible repayment terms, innovative loan structuring, longer repayment terms, and fixed and variable interest rates
Use of Funds include:
• Working capital
• Owner-occupied real estate
• Leasehold improvements
• Machinery and equipment
• Debt refinancing
• Business acquisitions
NYBDC has unparalleled expertise in SBA lending and can process, underwrite, close and service SBA 7(a) loans as a resource to lending partners. It also administers Empire State CDC: The 504 Loan Program.
Other Programs / Partners:
• Linked Deposit
• Manufacturers Assistance Programs
• Local and Regional Loan Funds
• Community Partners
• Statewide Zone Capital
NYBDC maintains an office at The Tech Garden and provides Financial Entrepreneur in Residence programs.
Contact David Reaske, Vice President, 315-453-8195, 800-923-2504, email@example.com