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NYS Comptroller


New York Business Development Corporation (NYBDC)

The New York State Common Retirement Fund (Fund) provides the New York Business Development Corporation with capital to make loans to small businesses for working capital, equipment or real property. With its focus on small‐business lending, NYBDC can frequently offer more favorable terms than other lenders.

Company Profile

Spearhead Construction
Using Her Military Experience, Former Army Officer Starts Own Construction Company

Since 2007, Comptroller DiNapoli has increased the total amount of funds available to NYBDC by $100 million. The program has granted loans to small businesses in all 62 counties, and helps create or retain an average 9,000 private sector jobs each year, many of which are supported by the Fund investment.

  • Granted 13 loans totaling $7.5 million during fiscal year ending March 31, 2018.
  • Awarded over 1,000 small businesses loans since 1987.
  • Since 2009, about 40% of loans were awarded to women- or minority-owned businesses.
  • More than $1 million in loans have been made to businesses started or owned by military veterans.

For more information, visit the NYBDC website.

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