NYC Capital Access Loan Guaranty Program

New York City Economic Development Corporation's (NYCEDC) NYC Capital Access Loan Guaranty Program (Cap Access) provides up to a 40 percent guarantee on loans for qualified New York City micro and small businesses having trouble accessing loans. Loans created through this program can be used for working capital, tenant improvements, equipment purchases, and refinancing of existing loans.

For this program, micro-businesses are business that have 20 employees or less. Small businesses are defined as having between 21 and 100 employees.

Program Benefits:

• Better access to competitively priced loans
• Access to a network of business lenders
• Referral to small business counseling and training programs

NYC Business Solutions has partnered with NYCEDC to provide free Capital Access advisory services to small businesses interested in applying for Capital Access loans. NYC Business Solutions can help business owners determine which Capital Access lender best fits their needs and business profile.

A full list of lenders, their contact information, and the amount of money they are eligible to lend is available at the "NYC Capital Access Homepage" link below.

Please note: NYCEDC does not directly lend money to businesses. NYCEDC oversees the loan providers for this program. Interest rates are negotiated between the borrower and the lender.