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Small Business Services Directory
Renaissance Economic Development Corporation [REDC] provides direct financing and technical assistance services to all the boroughs of New York City, with an emphasis in Chinatown, the Lower East Side, Flushing, Queens and Sunset Park, Brooklyn, and other low-income immigrant neighborhoods in New York City. REDC offers Small Business Loans ranging from $5,000-$100,000. REDC focuses on small and start-up businesses owned by immigrants, minorities or women; that demonstrate significant potential to create jobs for lower-income individuals or minorities; or that lack access to conventional sources of capital. REDC also offers a program where volunteering professionals offer free legal assistance and financial counseling to clients. Contact REDC or visit their website for additional information about their programs and services.
The REDC Small Business Loan Fund is a financing program available to small business owners or entrepreneurs whose businesses are located in New York City. They make short-and intermediate-term loans available to businesses that may require additional funding to start a new enterprise or grow an existing one. Loans of up to $100,000 can be used for working capital, the purchase of supplies, inventory or equipment or for renovations in commercial real estate. REDC's experienced staff will work closely with you to provide technical assistance custom-tailored to your business needs. No prepayment penalties. Quick Loan approval. $100 Business contribution for loans less than $35,000. 1% of approved loan amount for loans over $35,000. Terms of up to 7 years. Simple Documentation. Credit report, lien search and UCC filing costs paid separately.