Investing in people.

Investing in small business.

Greater Syracuse Business Development Corporation (GSBDC) provides non-conventional funding in the form of long-term loans with fixed interest rates and low down payments to small businesses throughout New York. Our loans support fixed asset projects and provide working capital for a wide range of businesses, which create jobs and wealth in our communities.

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SBA 504 Current Rates

As of Nov. 2024

10-year

5.875%

20-year

6.146%

25-year

6.076%

20-year “refi”

6.176%

25-year “refi”

6.105%

SBA 504 Loan Program

The SBA 504 loan program is designed to provide long-term, below-market, fixed-rate second lien funding for expanding businesses. The program is normally used in conjunction with conventional bank financing to provide up to a total of 90% project cost financing. Funds are available through the Greater Syracuse Business Development Corporation (GSBDC) for projects in New York State.

Success Stories

GSBDC has helped to transform local businesses across New York State. Read about how some of our clients have experienced new growth and success following support from Greater Syracuse Business Development Corporation.

  • CNY Dealership Expands Empire with New Location Funded by GSBDC

  • GSBDC Funding Provides Strong Hearts Café New, Modern Storefront