Areas Served: Onondaga, Cayuga, Madison, Cortland and Oswego counties
The GSBDC Revolving Loan Fund (RLF) is a flexible loan fund available for the establishment of new businesses and the expansion of existing businesses within Central New York (Onondaga, Cayuga, Madison, Cortland and Oswego counties).
Eligible Projects The GSBDC RLF seeks to fill financing gaps that exist in public and private funding sources by funding projects which will create an above average number of jobs and provide a clear and positive economic benefit to the community.
Eligible Businesses Any non-retail business that meets the objectives and criteria of the fund.
Firms which manufacture a product or provide a service for sale outside the Greater Syracuse area are preferred.
Term Tailored to each specific loan request and need but generally commensurate with collateral provided.
Interest Rate Usually fixed for term of loan.
Rates will vary depending on loan type, purpose and market condition.
Loan Amount: $50,000 – $4,000,000
Contact InformationGreater Syracuse Business Development Corporation
Address: 572 S. Salina St.
City: Syracuse
State: New York
Website:
http://www.gsbdc.com/loan-programs/gsbdc-revolving-loan-fund.php
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