New York Business Development Corporation Revenue and Competitors

The NYBDC mission is to promote economic activity within New York state by providing innovative loans to small and medium-size businesses; to assist our partner banks in making such loans; and, particularly, to assist minority and women-owned businesses by offering credit opportunities not otherwise available to them.” NYBDC is a complement to conventional banking, working in partnership with banks to provide term loans, many of which do not meet the requirements for traditional financing. Our goal is to be more creative in our underwriting. In many cases, we include multiple participations, SBA guarantees, flexible amortization and long-term payouts