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.
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.