New York Business Development Corporation

New York Business Development Corporation (NYBDC) assists, promotes and advances business prosperity by providing loans to small businesses including startup, early stage and mature businesses, with a particular emphasis on minority and women owned businesses.  It works in partnership with conventional banks to provide term loans, often for those who do not qualify for traditional financing. NYBDC has served CenterState CEO's Tech Garden affiliates, residents and Central New York businesses since locating at The Tech Garden in 2013.

NYBDC also manages Empire State CDC: The 504 Company. The 504 Company is licensed by the U.S. Small Business Administration (SBA) to provide the SBA 504 Loan Program - a fixed-asset economic development program designed to promote growth and job creation in small businesses and to eligible New York State businesses.

A third component of NYBDC is the Excelsior Growth Fund (EGF), a not-for-profit Corporation that promotes economic development and job creation in New York State.  EGF provides innovative financial solutions and business advisory services to grow new and existing underserved small businesses throughout some of the more economically depressed areas in the state.  The signature EGF SmartLoan™ product is available through a secure online portal and has a maximum loan amount is $100,000, and is one of the first nonprofit Community Development Financial Institutions to implement a major online lending platform.