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5 Steps to Your NYBDC Loan


 

Step 1

Identify your loan need.

Click here to learn more about the types of loans NYBDC makes.


Step 2

Review our Loan Application Checklist below or click here to download.

Step 3

Correspond with an NYBDC Loan Specialist via e-mail or telephone. 


Step 4

Complete the NYBDC Loan Application and other required forms and submit to your NYBDC Loan Specialist.


Step 5

Schedule a face-to-face meeting with your NYBDC representative and banker (if any) to review application. 


 


The Loan Application Checklist

Print & complete the Loan Application Checklist >
This helpful tool to help you accumulate the necessary information NYBDC requires to evaluate your business.

Below is an example of the loan materials you'll need to submit to your NYBDC loan officer.
Please see the Loan Application Checklist for complete details.

Name of borrower & related companies
  Current accounts receivable & accounts payable
List of owners for each company with 20% or more ownership   Personal financial statement for all owners
Organizational business documents
  Copies of current bank account statements
Detail of loan request   Copy of Picture ID for all owners
Sources of funds   Management resumes
Last three years of federal tax returns for the borrower, related companies & all owners
  Brochures that may explain your business
Borrower balance sheet, income & expense statements      
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