Access To Low-Cost Capital

Businesses considering locating or expanding in Greater Brockport may qualify for low-cost loans to help with the cost of their projects. A number of different loan programs exist in the Greater Rochester region and the GBDC will guide you on identifying the option that best meets your needs and help you access low-cost capital.

SBA 504 Loan Program

The SBA 504 Loan Program provides approved small businesses with long-term, fixed-rate financing used to acquire fixed assets for expansion or modernization. 504 loans are made available through Certified Development Companies (CDCs), SBA's community based partners for providing 504 Loans.

Monroe County Revolving Loan Fund

Monroe County has a revolving loan fund which is used to assist expanding businesses with "gap" financing for fixed assets and working capital. Low interest loans are available for up to $75,000 with a term not exceed seven years.

Genesee/Finger Lakes Regional Planning Council Revolving Loan Fund

The Regional Revolving Loan Fund is available for small and medium sized New York businesses needing resources and generally participates with other public and private financing tools for:

● Fixed asset loans (eg. acquisition and improvement of land, buildings, plant and equipment, including new construction or renovation of existing facilities, demolition and site preparation)

● Working capital loans for the start-up of new businesses or conduct of current businesses

NYS Small Business Revolving Loan Fund

The NYS Small Business Revolving Loan Fund (SBRLF) is a $50 million fund designed to create economic activity by providing greater access to capital for main street everyday small businesses. The program is targeted to small businesses that have had difficulty accessing regular credit markets.

NYS Job Development Authority Direct Loan Fund

This program provides Direct Loans for the growth of manufacturing and other eligible businesses within New York State by assisting in financing a portion of the cost of acquiring and renovating existing buildings or constructing new buildings (“Real Estate” projects) or for purchasing machinery and equipment (“M&E” projects).