Business Mentor NY – the program is a web-based, hands-on mentoring program geared to help entrepreneurs and established small businesses overcome challenges to grow their businesses. The network includes professionals across a variety of different industries such as finance, retail, IT, marketing, and communications. Business Mentor NY is available to any NY State business that employs 100 or fewer employees.
To qualify as a mentor, professionals should have three years of business ownership experience or five years of management experience.
New York Division of Small Business – Empire State Development
Phone: 1-800-STATE NY (1-800-782-8369)
New York State Small Business Ombudsman – (212) 803-3149
E-mail:
nylovessmbiz@esd.ny.gov
New York State’s Capital Access Program (CAP) – CAP provides portfolio insurance to participating lenders to increase small business lending in New York State. NYS Small businesses can utilize CAP by contacting a participating lender who will conduct their own loan application process and determine loan terms.
The maximum loan amount is $500,000. Can have two loans at a time of up to $1,000,000 total. No minimum loan amount.
Community Development Financial Institution (CDFI) Assistance Program – The Community Development Financial Institution Assistance Program bolsters institutions providing microloans to small businesses that often do not qualify for bank loans, as well as provides one-on-one counseling and business development assistance to facilitate credit readiness. The Program provides grant support to CDFIs in New York State for loan capital, the provision of technical assistance, institutional capacity, and loan loss reserves.
Learn more by clicking
here.
Small Business Revolving Loan Fund – The Small Business Revolving Loan Fund is a $50 million fund designed to create economic activity by providing greater access to capital for main street everyday small businesses. The program is targeted to minorities, women, and others who have difficulty getting credit.
Program loans to small businesses are to be used for the creation and retention of jobs. Funding may be used for working capital, acquisition and or improvement of real property, the acquisition of machinery and equipment, property improvement, or the refinancing of debt obligations.
Learn more by clicking
here.