Empire State Development (ESD) Financing Programs

From innovative start-ups to manufacturers to companies looking to export, New York State supports and encourages business growth with a variety of funds, loans, grants and other financial incentives.

New York State Small Business Credit Initiative (SSBCI)

More than $500 million in federal funding is now available to support the resurgence of small businesses across New York State through the State Small Business Credit Initiative (SSBCI), a program through the American Rescue Plan Act. Below are just some of the programs available now for small businesses in New York State:

  • Capital Project Loan Fund
  • New York State Small Business Revolving Loan Fund Round 2
  • Capital Access Program
  • New York Forward Loan Fund 2
  • Pre-Seed and Seed Matching Fund Program

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Linked Deposit Program

The Linked Deposit Program (LDP) helps existing New York State firms obtain reduced-rate financing so they can undertake investments to accomplish the following:

  • Improve their competitiveness
  • Expand their markets
  • Develop new products
  • Introduce new technologies
  • Facilitate ownership transition
  • Modernize their equipment, increase their capacity or capabilities
  • Expand their facilities, purchase real estate or make building renovations

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Metropolitan Economic Revitalization Fund Program

The Metropolitan Economic Revitalization Fund (MERF) provides loans to businesses or governments investing in projects that retain or create a significant number of private-sector jobs in economically distressed areas that are within the geographic area known as the NEW YORK portion of the service area of the Port Authority of New York and New Jersey. These areas include New York City and parts of Rockland, Westchester and Nassau counties.

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Global New York Fund Loan Program

The Global NY Fund Program provides grants and loans to help New York State’s small and medium-sized businesses go global and create new jobs. The Global New York Loan Fund Program is a partnership with participating lenders to provide export financing to eligible New York State small and mid-sized businesses.

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