About Us

Since 1964, the Greater Syracuse Business Development Corporation (GSBDC), a Certified Development Company, has provided non-conventional loans to for-profit small businesses throughout upstate New York. Because our mission of creating jobs and wealth within our region differs from that of traditional lending sources, such as banks, we can offer long-term loans with fixed interest rates and low down payments.

Our loans enable new businesses to establish themselves, existing businesses to expand and prosper in our region, and businesses from outside our region to relocate here. Loans come from a range of programs, including the Small Business Administration (SBA) 504 loan program. We provide financing for fixed asset projects and working capital, and have helped fund projects ranging in size from $30,000 to over $14 million. The majority of our clients are manufacturers, but our client list includes software developers, professional services, hospitality, and retail firms.

Different loan programs meet different needs, and have different requirements. We work closely and consultatively with our clients to explore their needs and identify the funding sources that will work best for them, and also work in close partnership with the area’s banking, accounting, legal, and business development professionals.

The bottom line for GSBDC: we succeed when our clients succeed.