New York Business Development Corporation (NYBDC) is a complement to conventional banking, working in partnership with banks to provide term loans, many of which do not meet the requirements for traditional financing. Our goal is to be more creative in our underwriting. In many cases, we include multiple participations, SBA guarantees, and long-term payouts.


NYBDC also manages The 504 Company. The 504 Company is licensed by the U.S. Small Business Administration (SBA) to provide the SBA 504 Loan Program – a fixed-asset economic development program designed to promote growth and job creation in small businesses -- to eligible New York State businesses. The program provides up to 90% financing for qualifying assets and provides up to $5,500,000 of funds at long term, below market fixed rates.


NYBDC works to provide New York small businesses with a number of diverse and unique products to help make financing options available for a wide variety of business needs. Working with our members, partners, SBA and others, we go the extra mile to provide small businesses with access to capital.


The staff at NYBDC works to provide New York businesses with more than just financing. Our professionals are here to help you better understand the myriad of options available to you and to help your small business grow. Our mission is closely tied to the success of New York's small businesses. Working together with our professional staff and your financial advisers, we'll help you make decisions about financing to help your business – and our State – grow and prosper.


NYBDC has been a strong supporter of the North Country PTAC since the program inception.




North Country PTAC, which serves as a Procurement Technical Assistance Center (PTAC), is funded in part through a cooperative agreement from the Department of Defense (DoD) through a program that is administered by the Defense Logistics Agency (DLA). The content of any written materials or verbal communications of the PTAC does not necessarily reflect the official views of or imply endorsement by DoD or DLA.

1241 Coffeen Street • Watertown, NY 13601 • 315.788.4400 • email: ptac@northcountryptac.com