Welcome to NYBDC

“Where Small Business Growth is Our Business”

New York Business Development Corporation (NYBDC) is a complement to conventional banking, working in partnership with banks to provide term loans, many of which do not meet the requirements for traditional financing. Our goal is to be more creative in our underwriting. In many cases, we include multiple participations, SBA guarantees, flexible amortization and long-term payouts.

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 - a fixed-asset economic development program designed to promote growth and job creation in small businesses & to eligible New York State businesses.

A third component of NYBDC is the Excelsior Growth Fund, a not-for-profit corporation, whose capital is used to promote the expansion and growth of new and existing businesses located throughout some of the more economically depressed areas in our State.

Our Mission

NYBDC's goal is to assist, promote and, through the cooperative efforts of our lending partners, advance the business prosperity and economic welfare of the State of New York by providing loans to small businesses including start-up, early stage and mature businesses with a particular emphasis on minority and women owned businesses.

NYBDC seeks to offer credit opportunities not otherwise available to small business in order to facilitate access to capital in support of economic development, to create or preserve job opportunities and to stimulate the growth, expansion and modernization of small businesses in New York State.

Our Loan Programs

NYBDC works to provide New York small businesses with a number of diverse and unique products to help make financing options available for a wide variety of business needs. Working with our members, partners, SBA and others, we are here to help you find the products you need.

But NYBDC works to provide New York businesses with more than just financing. Our professionals are here to help you better understand the myriad of options available to you and to help your small business grow. Our mission is closely tied to the success of New York's small businesses. Working together with our professional staff and your financial advisers, we'll help you make decisions about financing to help your business "and our State" grow and prosper.

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Our Affiliates