Capital is back: SBA loan volume hits highest level in two years, and NYS lenders are seeing uptick

Capital is back ...

• DoE loan guarantee programs are being enhanced
• USDA/Rural Development programs are well funded and looking for deals
• SBA loan volume is hitting a two year high  (read more here)
• New York State banks are financing smart projects

One of the largest SBA lenders in the country is right here in NYS -- The New York Business Development Corporation and its 504 affiliate Empire State CDC.  NYBDC is making actively financing projects in conjunction with a broad network of NYS banks and lending partners. Read more about NYBDC at: www.nybdc.com 

The SBA announced this week that credit is once again flowing, capital markets are loosening, and lenders are looking for good projects.  Read the full announcement here.

The Clean Tech Center has an excellent relationship with NYBDC as well as a first-rate regional SBA lender, GSBDC, which is a program of the Greater Syracuse Chamber of Commerce.  GSBDC also administers an unique quasi-equity program designed to jumpstart early stage companies.

Find information on local SBA resources at:

http://www.sba.gov/localresources/index.html