Small Business Financial Assistance

Eligible small businesses, including start-ups, are welcome to apply for the capital needed to secure a successful outcome for your venture.

Terms

• Loan amounts from $2,500 to $250,000
• Term loans for up to 60 months; fixed interest rates between 7.5% and 10.5%

• Uses: Gap financing, machinery and equipment, inventory, leasehold improvements, working capital, and others
• Eligible businesses include start-ups, retail, restaurants, manufacturing, transportation, and more

Veteran-owned small businesses, including start-ups, are welcome to apply for the capital needed to secure a successful outcome for your venture.

Terms

• Loan Amount: $2,500 - $250,000
• Must be active duty military or a veteran
• Spouses and families are not eligible
• Reduced Fees
• 0.25% Reduced Interest Rate

Open to small agricultural businesses looking to grow and expand, including: food and livestock growers, value-added processors, food distributors, food aggregators, beverage producers and Food Hub participants.

Terms

• Loan amounts from $5,000 to $250,000
• Term loans for up to 60 months; fixed interest rates between 7.5% and 10.5%
• Uses: Gap financing, machinery and equipment, inventory, leasehold improvements, working capital, and others

Startups with revenue and existing small businesses are welcome to apply for the capital needed to assist with cash flow while completing your projects.

Terms

• Revolving Loan Max. of $15,000
• To be used for working capital
• Draw period of 3 years, then converts to a
  48-month term loan at 10.5%
• Interest only payments during first 3 years

Introducing "Step-Up," a small-dollar loan product designed to help consumers and small business owners build credit while achieving their financial goals.

Business Loan: Ideal for small businesses, including start-ups, looking to secure capital needed for certifications, licenses, and/or minimal start-up expenses.

Consumer Loan (only available in NY State): Ideal for consumers interested in establishing credit, eliminating high interest debt, catching up on late pays (does not include accounts in collections), and covering any emergency expenses.

Terms

• Loan Amount: $500 - $2,500
• Up to 36-month term
• Fixed interest rate of 11.5%
• $25 application fee
• Fast track application