Small Business Loan Fund

Seedco Financial's Small Business Loan Fund provides flexible financing with competitive rates directly to small businesses and nonprofit organizations that may have had difficulty accessing traditional financing.

About the Fund

Loans range from $25,000 to $200,000 at below market interest rates of 6% to 8% annually.
Loan terms range from 3 to 5 years, but may extend to 7 years.
Loan proceeds can be used for working capital needs, leasehold improvements, relocation costs, equipment and inventory purchases, and other uses associated with business expansion.

Eligible Businesses

Business must employ 50 or fewer employees.
Business must be located in one of Seedco Financial's targeted economically distressed areas in New York City. Our targeted areas include, but are not limited to, the Lower East Side, Chinatown, upper Manhattan at or above 96th Street, the South Bronx, and several underserved neighborhoods in Brooklyn and Queens.

Our Partners
Seedco Financial works with partner organizations, including the New York City Business Solution Centers in lower and upper Manhattan and Queens. These partnerships provide small business owners with a broad range of resources such as legal services, information technology services, employee recruitment support, and access to financing.

Impact
In 2007, Seedco Financial issued or committed to issue 104 small business loans for a total amount of $6,876,190.

For any further questions, please contact Sajan Philip, Program Assistant, at sphilip@seedco.org.