Browse Ambrook’s collection of funding programs by Empire State Development

Loans are made by participating regional lenders. Contact one of the nine participating lenders to apply:

- Central NY Enterprise Development Corp. — David Bottar, (315) 422-8276 ext. 1207
- Delaware County Local Development Corp. — Glenn Nealis, (607) 832-5123
- Enterprise Center at PathStone — Yahaira Zapata, (716) 553-5145
- Fulton County Center for Regional Growth — Kenneth Adamczyk, (518) 725-7700 ext. 1002
- Hudson Valley Agribusiness Development Corp. — Mary Ann Johnson, (518) 432-5360 ext. 302
- Mohawk Valley Rehabilitation Corp. — Steve Smith, (315) 866-4671
- Pursuit Lending — Dustin Krause, (518) 694-8542
- REDEC Relending Corporation — George Miner, (607) 962-3021 ext. 111
- Southern Tier Enterprise Development Org. Inc. — Richard Zink, (716) 945-5301 ext. 2203

Hudson Valley Agribusiness Development Corporation — Mary Ann Johnson

The&#x2004;JDA Agriculture Loan Fund was created to offer affordable capital to small agribusinesses looking to complete projects that will expand their capabilities, generate economic growth and create new employment opportunities. Loan amounts are based upon project size and scope, with typical projects ranging from $50,000 to $2 million or more. The fund is offered through the New York State Job Development Authority (JDA), part of Empire State Development, and lending is delivered by participating regional lenders across the state.



The JDA Agriculture Loan Fund was created to offer affordable capital to small agribusinesses looking to complete projects that will expand their capabilities, generate economic growth and create new employment opportunities. Loan amounts are based upon project size and scope, with typical projects ranging from $50,000 to $2 million or more. The fund is offered through the New York State Job Development Authority (JDA), part of Empire State Development, and lending is delivered by participating regional lenders across the state.

Small agribusinesses looking to grow and expand, including: food and livestock growers, value-added processors, food distributors, food aggregators, beverage producers and Food Hub participants.

A payment that must be returned to the provider following specified terms of repayment and interest rate.

Loan

Interest rates and approval terms are set by the individual participating lenders. Loan amounts are based upon project size and scope, with typical projects ranging from $50,000 to $2 million or more.

Program Lenders (participating Community Based Lending Organizations, or CBLOs) are the primary point of contact for borrowers, and each lender has its own loan application process. Contact a participating CBLO directly for information on program loans, applications, and terms. Participating lenders as of May 2026 include Accompany Capital, Adirondack Economic Development Corporation, BOC Capital Corp., Business Consortium Fund (National Minority Supplier Development Council), Community Capital New York, Grameen America, Grow America, Harlem Entrepreneurial Fund, Long Island Development Corporation, Nonprofit Finance Fund, NYBDC (dba Pursuit Lending), Renaissance Economic Development Corporation, Syracuse Cooperative Federal Credit Union, and TruFund Financial Services. For general program information, contact SBRLF@esd.ny.gov.

NYS Small Business Revolving Loan Fund Round 2 (Empire State Development)

The New York State Small Business Revolving Loan Fund Round 2 ("SBRLF2" or the "Program") will use $63.5 million in federally allocated State Small Business Credit Initiative (SSBCI) funds for shorter-term financing needs and will address inequitable capital access with targeted&#x2004;lending that will address the financing gaps facing new companies, under-banked communities and small businesses which are more likely to be minority owned. Alternative financial loan capital will be utilized to create economic activity by providing greater access to short-term loan capital to small, micro and socially and economically disadvantaged individual ("SEDI") owned businesses that are historically unable to obtain adequate credit or adequate terms for such credit. A SEDI business owner includes, but is not limited to, minority and women-owned business enterprises, service-disabled veteran-owned businesses, and veteran-owned businesses located in communities that are economically distressed.


Program loans shall be provided via Community Based Lending Organizations (CBLOs). CBLOs shall only use these funds to make loans to eligible businesses for eligible projects.


An "Eligible Business" is: (i) a business enterprise that is resident in and authorized to do business in New York State; (ii) independently owned and operated; (iii) not dominant in its field; and (iv) employs one hundred or fewer persons on a full-time basis.


CBLO loans to Eligible Businesses will be microloans (loans between $500 and $25,000); and regular loans (with a principal amount greater than $25,000 but no more than $20,000,000). Program funds used by the CBLO to fund an Eligible Business loan shall not be more than fifty percent of the principal amount of such loan and shall not be greater than $125,000.


Loan terms to Eligible Businesses shall be based upon each CBLO's individual offerings but, in general, shall not exceed 10 years.



The New York State Small Business Revolving Loan Fund Round 2 ("SBRLF2" or the "Program") will use $63.5 million in federally allocated State Small Business Credit Initiative (SSBCI) funds for shorter-term financing needs and will address inequitable capital access with targeted lending that will address the financing gaps facing new companies, under-banked communities and small businesses which are more likely to be minority owned. Alternative financial loan capital will be utilized to create economic activity by providing greater access to short-term loan capital to small, micro and socially and economically disadvantaged individual ("SEDI") owned businesses that are historically unable to obtain adequate credit or adequate terms for such credit. A SEDI business owner includes, but is not limited to, minority and women-owned business enterprises, service-disabled veteran-owned businesses, and veteran-owned businesses located in communities that are economically distressed.

Program loans shall be provided via Community Based Lending Organizations (CBLOs). CBLOs shall only use these funds to make loans to eligible businesses for eligible projects.

An "Eligible Business" is: (i) a business enterprise that is resident in and authorized to do business in New York State; (ii) independently owned and operated; (iii) not dominant in its field; and (iv) employs one hundred or fewer persons on a full-time basis.

CBLO loans to Eligible Businesses will be microloans (loans between $500 and $25,000); and regular loans (with a principal amount greater than $25,000 but no more than $20,000,000). Program funds used by the CBLO to fund an Eligible Business loan shall not be more than fifty percent of the principal amount of such loan and shall not be greater than $125,000.

Loan terms to Eligible Businesses shall be based upon each CBLO's individual offerings but, in general, shall not exceed 10 years.

Eligible Projects Include:
- Working capital,
- acquisition and/or improvement of real property (excluding acquiring or holding passive investments in real estate),
- acquisition of machinery and equipment,
- and refinancing of debt obligations, provided, however, with respect to the Eligible Business loans for refinancing
    - (i) that the Eligible Business loan does not refinance a loan already in the portfolio of the CBLO or any Affiliate of the CBLO;
    - (ii) the amount of the refinanced loan or other debt is at least 150 percent of the previous outstanding balance;
    - (iii) the transaction results in a 30 percent reduction in the fee-adjusted APR contracted for the term of the new debt;
    - (iv) proceeds of the transaction are not used to finance an extraordinary dividend or other distribution;  

An “Ineligible Project” is:
- a project or use that would result in the relocation of any business operation outside of the State or from one municipality within the State to another, except under one of the following conditions,
    - (a) when a business is relocating within a municipality with a population of at least one million where the governing body of such municipality approves such relocation, or

    - (b) each municipality from which such business operations will be relocated has consented to the relocation;
- projects with respect to newspapers, broadcasting or other news media, medical facilities, libraries, community or civic centers, and public infrastructure improvements;

- providing funds directly or indirectly, for payments, distribution, or as a loan (except in the case of a loan to a sole proprietor for business use), to owners, members, partners, affiliates, or shareholders of the Eligible Business, except as ordinary income for services rendered;

- any project that results in the making of an Eligible Business loan to
    - (a) a person who is a member of the board of directors or other governing body, officer, employee, or member of the loan committee (or similar body), of the Eligible Business,
    - (b) a family member of any such person, or

    - (c) any person who shall participate in any decision on the use of the loan proceeds if such person is a party to or has a financial or personal interest in a proposed Eligible Business loan;

- a business engaged in speculative activities that profit from fluctuations in price, such as wildcatting for oil and dealing in commodities futures, unless those activities are incidental to the regular activities of the business and part of a legitimate risk management strategy to guard against price fluctuations related to the regular activities of the business or through the normal course of trade;
- a business that earns more than half of its annual net revenue from lending activities, unless the business is
- (a) a CBLO that is not a depository institution or a bank holding company, or

    - (b) a Tribal enterprise lender that is not a depository institution or a bank holding company;
- a business engaged in pyramid sales, where a participant’s primary incentive is based on the sales made by an ever-increasing number of participants;
- a business engaged in activities that are prohibited by federal law or, if permitted by federal law, applicable law in the jurisdiction where the business is located or conducted (this includes businesses that make, sell, service, or distribute products or services used in connection with illegal activity, unless such use can be shown to be completely outside of the business’s intended market); this category of businesses includes direct and indirect marijuana businesses, as defined in SBA Standard Operating Procedure 50 10 6;
- acquisition and/or improvement of real property for passive investments in real estate. Loan proceeds are used for passive real estate investment purposes when the proceeds of the loan are used to invest in real estate acquired and held primarily for sale, lease, or investment in which the developer does not intend to occupy or actively use the resulting real property. 


SSBCI Technical Assistance (TA) provides legal, accounting, and financial advisory services to help small businesses strengthen loan readiness and access capital, at no cost to the business.

What we can help with:
- Legal: business formation and governance; required registrations and licenses; contracts; investor documents; ESOP-related transfers; procurement and surety-bond support; contractor-financing and bonding needs.
- Accounting: audits and financial statements; digitizing records; training on accounting practices/software; WIP/AR/AP schedules; transitioning from cash to accrual to meet lender or surety requests.
- Financial advisory: banking relationships; applications for government small-business programs; identifying credit/capital/grants; financial-management guidance; presentations, models, and business plans; surety-bond basics and contractor-financing support.
Where to get help
TA providers serve regions statewide, including:
Adirondack Economic Development Corporation (North Country)
Eleven3seven5 (NYC, Mid-Hudson, Capital Region)
Renaissance Economic Development Corporation (NYC, Long Island, Mid-Hudson)
Pursuit Lending (Statewide)


List of Empire State Development Funding Opportunities