Areas Served: Statewide New York
The Minority and Women Revolving Loan Trust Fund Program was created by the State of New York in 1995 and is administered through Empire State Development (ESD) for the purpose of making low-cost financial assistance available to Minority and Women-Owned Business Enterprises (MWBEs) that are unable to access traditional financial services.
ESD’s goal is to help start-up MWBEs to grow and flourish in today’s economy.
Loan amounts consist of working capital loans of up to $35,000 and fixed asset loans of up to $50,000. Eligibility – A for-profit M WBE that resides in New York State and is independently owned and operated – New York State certified MWBEs – New York State Empire Zone certified businesses Ineligible Loan Recipients include: – Refinancing projects – Newspapers, broadcasting, medical facilities, libraries, community or civic center – Public infrastructure improvements
Contact InformationEmpire State Development
Address: 95 Perry Street, Suite 500
City: Buffalo
State: New York
Website:
http://www.esd.ny.gov/BusinessPrograms/MWBERevolvingLoanTrustFund.html
Leave a Reply