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Article: HELPING SMALL BUSINESSES GET OFF ON THE RIGHT FOOT NEW YORK BUSINESS DEVELOPMENT CORP. PROVIDES LOANS TO THOSE NOT ELIGIBLE FOR REGULAR BANK LOANS.(CAPITALAND REPORT)
- Article from:
- Albany Times Union (Albany, NY)
- Article date:
- February 26, 1995
CopyrightCOPYRIGHT 1995 Albany Times Union. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: VINCENT JACKSON Staff writer
ALBANY Business people who are just starting out with little or noexperience or with readily available cash do not have to give up on their dreams of being entrepreneurs if they at least possess some assets.
The New York Business Development Corp., a privately owned, funded and managed corporation, provides loans to businesses that are not traditionally eligible for regular bank loans. It was established by the state Legislature 40 years ago to work in partnership with banks to expand access to capital for small- and mid-sized businesses.
During the last few years the corporation has become a force in ...