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)

Small Business Directory Download

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