"NYBDC's Micro Loan Program was designed to provide an alternative to credit scoring for smaller loan requests. We recognize that some applications which fail to meet credit scoring models are worthy of consideration, and our staff of trained loan officers reviews each application on a case-by-case basis. if you have been declined financing by a bank, we may be able to help. "
The funds can be used for:
- Working capital
- Real estate
- Leasehold improvements
- Machinery and equipment
- Relocation
- Debt refinancing
- Business acquisitions
Loan Amounts range from $50,000 - $150,000 and rates are tied to Treasury securities. You can find out more by contacting your local NYBDC represenative. A full list of contacts is available at:
http://www.nybdc.com/ContactOfficerList.htm
We'll see you tommorow!
-N
