On December 5, the Babylon IDA joined Town Councilman Anthony Manetta and Deputy Supervisor Tony Martinez for the third annual Access to Capital event to provide local businesses with information on funding opportunities available to them. Information on some of the resources discussed can be found below.
Empire State Development
Empire State Development (ESD) is New York State’s economic development arm that encourages business investment and job creation. ESD supports diverse businesses across New York State through loans, grants, tax credits, real estate development, marketing, and other forms of assistance.
- Overview of State Small Business Credit Initiative (SSBCI) programs (all lending programs)
- Small Business Revolving Loan Fund
- Contractor Financing Program
- New York Forward Loan Fund
- Main Street Capital Loan Fund
Website: https://esd.ny.gov/doing-business-ny/small-business-hub
Contact:
- Inquiries if you’re a small business contractor: NYSCFP@esd.ny.gov
- All other small business inquiries: SBRLF@esd.ny.gov
Babylon Business Resource Hub
The Babylon Business Resource Hub is a joint effort between the Town of Babylon and Babylon LDC II to empower local businesses through resources, workshops, grants, and community engagement.
Help the Babylon Business Resource Hub build a comprehensive profile of the vibrant business community in the Town of Babylon by taking two minutes to complete a quick survey. Your input will help them better understand your needs, challenges, and opportunities. Click here or the flyer above to take the survey.
Pursuit Lending
New York State has partnered with Pursuit, a community lender with a 70-year history serving businesses in all stages, for the Main Street Capital Program. Please see the links below for more information and additional resources.