Business Development Association
New York Business Development Corporation (NYBDC) is a complement to conventional banking, working in partnership with banks to provide term loans, many of which do not meet the requirements for traditional financing. Our goal is to be more creative in our underwriting. In many cases, we include multiple participations, SBA guarantees, flexible amortization and long-term payouts. NYBDC also manages the Empire State Certified Development Corporation. Empire State CDC is licensed by the U.S. Small Business Administration (SBA) to provide the SBA 504 Loan Program. A third component of NYBDC is the Excelsior Growth Fund, a not-for-profit Corporation, whose capital is used to promote the expansion and growth of new and existing businesses located throughout some of the more economically depressed areas in our State.