Bridge to Success
Bridge to Success is a loan program designed to give MWBE-certified businesses in New York state the best chance possible of securing and performing on government contracts. If you are looking for short term capital to fund the early stages of a contract, or to demonstrate the financial stability needed to submit a bid, NYBDC and Bridge to Success can help. By accessing Bridge to Success, an Empire State Development program, through NYBDC, you’ll work with an experienced lender with more than 60 years of experience helping entrepreneurs access the capital needed to grow.
- Short Term Bridge Loans
- Affordable Interest Rates
- Flexible Loan Requirements
Use of Funds
- Working capital for businesses seeking contracts with the State of New York – hire staff, buy materials, purchase equipment and more
- Prime + 4.0% (currently 7.5%)
- Lines of credit up to $200,000
- 12-18 months
Requirements and Collateral
Primary collateral is an assignment of contract proceeds for each contract financed under the line; other collateral requirements may apply on a case-by-case basis
Personal guarantees required for any 20% or more owner
Ready to Apply?
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