Gsbdc

How long does the process take? It depends on the type and complexity of the loan. GSBDC can work with you to ensure you have all the necessary items for a review of your loan request. How do I know if I qualify for a particular loan? Call us! We'll work with you on the initial intake to go over your needs in relation to the type of loan that would be applicable to you.

What is it? The SBA 504 loan program is designed to provide long-term, below-market, fixed-rate second lien funding for expanding businesses. The program is normally used in conjunction with conventional bank financing to provide up to a total of 90% project cost financing. Funds are available through the Greater Syracuse Business Development Corporation (GSBDC) for projects in Upstate New York.

The Central New York Quasi-Equity Fund is designed to support the growth, start-up and retention of manufacturing and producer-service firms in Central New York by providing "quasi-equity" or mezzanine type financing. The Fund currently includes two other participants: Onondaga County Industrial Development Corporation (OCIDA) and Central New York Regional Planning & Development Board (CNY RPDB).

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. 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.

What is it? The Central New York Enterprise Development Fund is a regional business loan program established in 1988. The program is administered by the Central New York Enterprise Development Corporation in affiliation with the Central New York Regional Planning and Development Board (CNY RPDB) and operates in Cayuga, Oswego, Madison, Cortland and Onondaga Counties.