Learn More about CDFI's and Small Business Resources in New York see here
While the federal government does not provide grants for starting or growing small businesses, one of the mechanisms in place to promote small business growth and economic development is the Community Development Financial Institution Fund managed by the US Department of the Treasury.
Community Development Financial Institutions fall into four categories:
AAFE Community Development Fund
ACCION New York
Adirondack Economic Development Corporation
Akwesasne Indian Housing Authority
BOC Capital Corp.
Carver Federal Savings Bank
CDCLI Funding Corporation, Inc.
Chase New Markets Corporation
Citibank NMTC Corporation
Commercial and Industrial Capital Corporation
Community Capital Bank
Genesee Co-Op Federal Credit Union
Greystone CDE, LLC
GS New Markets Fund
HEDC New Markets, Inc
Home Headquarters, Inc.
Iroquois Venture Corporation
JobStart Chautauqua, Inc.
MSD New Markets, Inc
Nonprofit Finance Fund
NYCB Community Development Corp
Progressive Neighborhood FCU
Renaissance Finance CDE, LLC
Restoration Capital Fund, Inc.
Seedco Financial Services
Seneca Nation of indians
Sephardic Angel Fund
St. Charles Borromeo Church FCU
The Disability Fund, Inc.
Westchester Housing Fund, Inc.
Women"s Venture Fund, Inc.
The Small Business Investment Companies Program revolves around the notion of developing privately owned and managed investment companies which will be licenses and regulated by the Small Business Administration, so as to provide equity capital, long term loans, and advisory services to small business requiring such services.
To get approval for your small business loan application, you must be able to meet the lending criteria set down. Some organisations are more risk averse than others, and will therefore have more st...