Small Business Revolving Loan Fund
The Small Business Revolving Loan Fund (SBRLF) 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 small businesses that have had difficulty accessing regular credit markets. The 2010-11 State budget provided $25 million in state funds and will leverage at least $25 million in private matching funds.
Program funds used to finance an applicant
loan will not be more than 50% of the principal amount and
no greater than $125,000.
There are categories of loans:
Micro-Loans - principal amount less than or equal to $25,000
Regular Loans - principal amount greater than $25,000
For a comprehensive directory of alternative lending programs throughout New York State, click here.
Small businesses interested in state programs for launch and/or expansion, please contact the NYS Small Business Division at (800) 782-8369 or firstname.lastname@example.org. For all other SBRLF inquiries, please contact Andrew Flamm, Senior Director, Community Development & Rebuilding Programs, NYC Regional Office.