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Small Business Financing
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The following is a sample of the wide range of community-based lenders, banks, and crowdfunding sources that the Pace SBDC works with to provide access to small business financing:
Contract Financing

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New York City Contract Financing Loan Fund

  • Loans of up to $1,000,000 at 3% interest rate.

  • Requirements: must have an operating business, and funds must be to implement or bid on a City or NYC Economic Development Corporation (EDC) contract

  • Can be prime or subcontractor

  • Participating Lenders: BOC Capital and Trufund Financial Services.

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New York State Bridge to Success Loan Program

  • Short-term bridge loans of up to $200,000 for certified Minority and Women-owned Business Enterprises (MWBEs)

  • Terms of up to 24 month loans to help firms execute contracting opportunities across New York State

  • Participating lenders make credit decisions and determine interest rates and applicable fees

  • Participating lenders include Carver Federal Savings Bank, Pursuit, and Trufund Financial Services

Crowdfunding
IN PARTNERSHIP WITH:
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VISIT US

Pace University SBDC

1 Pace Plaza, Room W501

New York, NY, 10038   

CONTACT

Office:  (212) 618-6655

Email:  sbdc@pace.edu

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SUBWAY

A, C, J, Z, 2, 3, 4, 5 to Fulton St

E to World Trade Center
6 to Brooklyn Bridge

Partnership Program with the SBA, administered by the State University of New York. Funded in part through a Cooperative Agreement with the U.S. Small Business Administration.  All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA. All SBA funded programs are extended to the public on a nondiscriminatory basis.

© 2024 Pace Small Business Development Center. All rights reserved.

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