Minority and Women Revolving Loan Trust Fund

Minority and Women Revolving Loan Trust Fund is sponsored by Empire State Development. Offers financial assistance to minority and women-owned businesses in New York State.

Regional Revolving Loan Trust Fund Program | Empire State Development Regional Revolving Loan Trust Fund Program (RRLTF) The RRLTF offers working capital loans to small businesses of up to $100,000 or 90% of the total project cost, whichever is less. Loan terms, interest rates and collateral requirements are determined by the administering corporations and their loan committees.

Empire State Development (ESD) has capitalized Regional Revolving Loan Trust Fund (RRLTF) programs operated by regional not-for-profit organizations in New York State for the purpose of making working capital loans to small businesses located within New York state that generate economic growth and job creation and are unable to obtain adequate credit or adequate terms from commercial lenders.

Priority is given to projects which: Are located in distressed areas Are owned by minority or women entrepreneurs or firms which employ minorities, women or displaced workers Leverage other public and or private dollars The organizations which manage RRLTF programs conduct their own loan fund marketing, intake, applicant screening, credit analysis, closings and loan servicing.

A written business plan, business and personal financial statements and financial projections are required of all applicants. If you require loan assistance, please contact the administering corporation nearest you: Community Loan Fund of the Capital Region Linda MacFarlane, Executive Director 255 Orange Street, Suite #103 Website: mycommunityloanfund.

org Central New York Regional Planning & Development Board Mr. Michael Rosanio, Loan Manager 100 Clinton Square, Suite 200 Meagan Weatherby, Development & Communications Manager Website: www. cooperativefederal. org Wesley R.

Slyke, Managing Vice President, Business Development 50 Beaver Street, Floor 5, Website: https://pursuitlending. com Wesley R. Slyke, Managing Vice President, Business Development 50 Beaver Street, Floor 5, Website: https://pursuitlending.

com Community Capital New York, Inc. Carol Danziger, Finance Director Website: communitycapitalny. org Mohawk Valley Rehabilitation Corporation Stephen R. Smith, Executive Director 26 West Main Street - PO Box 69 Community Loan Fund of the Capital Region Linda MacFarlane, Executive Director 255 Orange Street, Suite #103 Website: mycommunityloanfund.

org Renaissance Economic Development Corp. Jessie Lee, Managing Director 2 Allen Street, 7th Floor Website: renaissance-ny. org The North Country Alliance Development c/o the Development Authority of North Country Ms. Michelle Capone, Program Manager Southern Tier Region Economic Development Corporation George Miner, Executive Director REDEC Relending Corporation 8 Denison Parkway, E.

3rd Floor-Suite 403 Southern Tier Enterprise Development Organization Halley Kottwitz, STEDO Administrator 4039 Route 219, Suite 200 Tel: (716) 945-5301 ext. 2207 Website: www. southerntierwest.

org The Western Region Corporation Mr. Richard Zinc, Executive Director If your organization is interested in becoming a participating lender in the Regional Revolving Loan Trust Fund program, please register for the NYS Contract Reporter in order to receive a notification when the funding opportunity becomes available.