Board of Directors
Regional Loan &
Created by an act of the New York State Legislature in 1955, New York Business Development Corporation (NYBDC) is a private corporation with more than 140 New York State banks participating as members. Its mandate includes promoting employment and economic development in New York State through long-term loans to creditworthy small businesses in participation with our member banks and other lending partners.
Through NYBDC, businesses in New York State have the opportunity to obtain financing that may not be available through conventional means. Interest rates are competitive and applications are handled expeditiously.
NYBDC honors the commitment to its lending partners and the small business community by making every effort possible to find a way to do the loan, including but not limited to alternative sources of collateral, adding SBA or USDA guarantees and offering flexible repayment terms.
NYBDC seeks a lending partner on every transaction. We do not compete with our lending partners.