Syracuse economic Development Center (SEDCO):The Syracuse Economic Development Corporation is a public authority that acts as the City’s revolving loan fund. The fund provides low interest rate (3% - 5% depending on geographic area) and favorable term (up to 15 years depending on project) gap financing for small business expansion, startup, or relocation within city limits. Loan amounts range between $15,000 and $125,000, and are used for property renovation, acquisition, furniture, fixtures, and equipment. In 2017 SEDCO added the ability to provide SBA 7A lending through the ‘Grow Syracuse Fund’ in partnership with the National Development Council (NDC), which allows for up to $2 million in additional loan capital for projects that need more than the usual $125,000 maximum SEDCO can lend.
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Neil miller, ph.dCertified Business Advisor
Email: [email protected] Phone: 315-498-6070 or 315-448-4781 Address: 300 South State Street, Syracuse NY 13202 |
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Email: [email protected]
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Phone: 315-498-6070
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North Central Small Business Development Center. Partnership Program with the SBA, administered by the State University of New York. Funded in part through a Cooperative Agreement with the U.S. Small Business Administration. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA. SBDC services are provided in a nondiscriminatory way to all legal residents and citizens in the US
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