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Bethpage, New York 11714
866 433-5432
Email:  info@GNYDC.org
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Loans for Small Businesses to Acquire, Construct
or Renovate a Facility
SBA 504 Small Business Loans

10 or 20 year, low fixed rate second mortgage loans for small businesses. 40% of total project cost (maximum $4 million) including acquisition, construction, renovation, soft costs for building, condo, co-op, leasehold, commercial vessel, machinery. Bank or other lender lends 50% in first mortgage position. 10% down by small business. For manufacturers, wholesalers, service, professional service, retail businesses - start up or existing.
ALLOCO RECYCLING EXPANDS WITH 504 LOAN
GNYDC's FIRST CT 504 LOAN FUNDS DENTAL LAB EXPANSION
New Market Loan Fund

25 year low fixed rate second mortgage loans for small businesses to acquire or refinance their facilities.
40% of total project cost, 50% from another lender in first mortgage position and 10% from borrower (maximum $2.5 million). For acquisition, construction, renovation, soft costs related to capital asset. Can also refinance.

         
More Information - New Market Loan Fund
Loans for Small Business or Not-for-Profits
to Acquire, Construct, Renovate or Refinance a Facility
501C3 Rehab Facility Adds Second  Residence with New Market Loan
GNYDC PROVIDES FINANCING FOR PEDIATRIC DENTIST 
Hotel Anchors Upstate
 NY Community
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