Minority and Women Revolving Loan Trust Program in New York State

New York State Loan Programs

The Minority and Women Revolving Loan Trust Fund Program (the "Program") was created by the State of New York in 1995 and is administered through ESD for the purpose of making low-cost financial assistance available to minority and women-owned businesses ("M/WBEs") that are unable to access traditional financial services. ESD's goal is to help start-up M/WBEs to grow and flourish in today’s economy.

To date, ESD has capitalized loan pools totaling more than $3.5 Million for 15 community-based economic development organizations located throughout the State. These organizations administer the Program at the local level and provide working capital loans of up to $35,000 and fixed asset loans of up to $50,000. In 2007, over $298,000 in loans were awarded to 14 businesses. The organizations also provide related technical assistance services to M/WBEs to help these businesses survive and grow, such as:

-Assistance with completion of loan applications
-Business Plan development
-Mentorship and peer group programs
-Credit Union services (where available)

See More info from the New York Gov web site here

Please contact the organization nearest to you as listed below:

Chamber of Commerce of
Orange County, Inc.
11 Racquet Road
Newburgh, New York 12550

Service Area:Orange County
Contact:Ms. Debbie Bodganski
Vice President
Government Initiatives & Grants
(845)567-6229 -phone
(845) 567-6271-fax

Albany-Colonie Regional
Chamber of Commerce
1 Computer Drive South
Albany, New York 12207

Service Area:Albany County
Contact:Mr. Walter Burke
Staff Accountant
(518) 458-9851- Phone
(518) 458-1055- Fax

African American
Chamber of Commerce
100 Stevens Avenue – Suite 202
Mount Vernon, NY 10550

Servicing: White Plains, Yonkers,
Mount Vernon, New Rochelle and small
towns and cities in the lower Hudson Valley
(Westchester County)
Contact:Ms. Robin L. Douglas
President/CEO/Founder
(914) 699-9050 – Phone
(914) 699-6279 - Fax

Bedford Stuyvesant
Restoration Corp.
Brooklyn, New York 11216

Service Area:Part of Bedford Stuyvesant,
Clinton Hill, Ft. Greene, downtown,
Carroll Gardens, Red Hook &
Sunset Park
Contact:Ms. Bernice McRae
Dir. Economic Development Services
(718) 636-6924 – Phone
(718) 636-0511- Fax

Bethex Federal Credit Union
20 East 179th Street, L.L.
Bronx, New York 10453

Service Area: Community Boards 1-2,
4-6 (Bronx County)
Contact:Joy Cousminer
Chief Executive Officer
(718) 299-9100 – Phone
(718) 294-4950- Fax

Bronx Overall Economic
Development Corporation
198 E. 161st Street, Suite 201
Bronx, New York 10451

Service Area:Community Boards 1,2,3,4,
7,8,11 and 12 (Bronx County)
Mr. Steven Rodriguez
Technical Assistance Coordinator
(718) 537-5261 – Phone
(718) 537-5262 - Fax

Local Development Corporation
of East New York
80 Jamaica Avenue - 3rd Fl.
Brooklyn, New York 11207

Service Area:Williamsburg, Greenpoint,
Bushwick, East New York & Brownsville.
Contact:Ms. Sherry Roberts
Executive Director
(718) 385-6700 x 11 - Phone
(718) 385-7505 - Fax

Greater Jamaica Local
Development Corp.
90-04 161st Street
Jamaica, New York 11432

Service Area:Southeast Queens
(Jamaica, South Jamaica, Hollis,
Queens Village, St. Albans, Springfield
Gardens & Laurelton)
Contact:Ms. Helen Levine
(718) 291-0282 – Phone
(718) 658-1405 - Fax

New York Association
for New Americans
2 Washington Street
New York, New York 10004

Service Area:Manhattan
(New York County)
Contact:Dong Tran
Loan Officer/Program Manager
(212) 425-2900 – Phone
(212) 344-1621-Fax

Renaissance Economic
Development Corporation
180 111 Division Street
New York, New York 10002

Service Area:Chinatown & Lower East Side
Flushing, South Queens
Contact:Mr. Michael Lee, Program Manager
(212) 964-6022 - Phone
(212) 964-6003 - Fax

Long Island Fund for
Sustainable Development Inc.
45A Seaman Avenue
Bethpage, New York 11714

Service Area:Nassau and Suffolk Counties
Contact:Sarah Lansdale, Executive Director
(516) 873-0230- Phone
(516) 873-0706 -Fax

Syracuse Cooperative
Federal Credit Union
723 Westcott Street
Syracuse, New York 13204

Service Area:City of Syracuse
(Onondaga County)
Contact:Ron Ehrenreich, Treasurer/CEO
(315) 471-116x201 – Phone
Phone (315) 476-0567 - Fax

Tompkins County Area Dev.
200 East Buffalo Street
Suite 102A
Ithaca, New York 14850

Service Area:Tompkins County
Contact:Ms. Ina Arthur, Office Manager
(607) 273-0005 - Phone
(607) 273-8964 - Fax

Westchester Housing Fund, Inc.
d/b/a Community Capital
Resources
14 Saw Mill River Road
Suite 3
Hawthorne, New York 10532

Service Area:Westchester County
Contact:Melanie Stern, Program Manager
(914) 747-8020 – Phone
(914) 747-2049- Fax

Washington Heights and
Inwood Development Corp.
57 Wadsworth Avenue
New York, New York 10033

Service Area:Upper Manhattan
(New York County)
Contact:Mr. Dennis Reeder
Executive Director
(212) 795-1600 – Phone
(212) 781-4051 – Fax

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