Areas Served: Queens
Low Interest Loans Flexible financing for businesses in Southeast Queens Capital Access invests in community businesses to create community jobs.
Who is Eligible for financing? – New and existing businesses located in Southeast Queens (except those operating at JFK Airport) (Map) – Business has sales of less than $10,000,000 and fewer than 500 employees
Southeast Queens: Capital Access Loan Amounts: $100,001 $300,000
Southeast Queens: Capital Access Express Loan Amounts: $10,000 $100,000 Who is Eligible for financing? – New and existing businesses located in Southeast Queens (except those operating at JFK Airport) (Map) – Business sales of less than $10,000,000 and fewer than 500 employees Loan Description – CAPITAL ACCESS Loan Amounts: $100,001 $300,000 – CAPITAL ACCESS EXPRESS Loan Amounts: $10,000 $100,000 – Interest Rates: Below market rates pegged to Wall Street prime – Terms: Negotiable loan maturity period (usually five years) – CAPITAL ACCESS: Collateral – financing is asset-based – CAPITAL ACCESS EXPRESS: Character based loan approvals What can I use the loan for? – Business expansion – Purchase new equipment – Buy or improve existing property – Working capital – Gap loan while you are waiting for funding from another committed source
Contact InformationGreater Jamaica Development Corp.
Address: 90-04 161 st Street
City: Jamaica
State: New York
Website:
http://www.gjdc.org/business-services/financing/
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