Small Business Services Directory

NYBDC and ESCDC offers both conventional as well as SBA-backed loans from $50,000 to $5,500,000 to small businesses located anywhere within the State. Loan proceeds can be used for partnership buy-outs, real estate acquisition, working capital, inventory, etc. The term of the loan is from 3 to 20 years and the interest is fixed or variable, depending on the circumstances. Three years of personal and business financials, two years of projections [three years of projections for a start-up], a solid business plan, and personal guarantees are required. The application fees range from $250 to $1,500 depending on the size of the loan.