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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Dollars Invested
0 Jobs
Created or Retained
Businesses Funded

SBA 504 Current Rates

As of Jul. 2024







20-year “refi”


25-year “refi”


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.

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Success Stories

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  • CNY Dealership Expands Empire with New Location Funded by GSBDC

  • GSBDC Funding Provides Strong Hearts Café New, Modern Storefront