Program Purpose
Empire State Development (ESD) has capitalized eight Regional Revolving Loan Trust Fund (RRLTF) programs operated by regional not-for-profit organizations in New York State for the purpose of making working capital loans and loan guarantees to small businesses employing fewer than 100 employees. 
 

Program Highlights
The RRLTF offers working capital loans of up to $75,000 or 50% of the total project cost, whichever is less, and working capital loan guarantees of up to 80% of the loan amount, not to exceed $80,000. 
 
Loan terms, interest rates and collateral requirements are determined by the administering corporations and their loan committees. 
 

Eligibility
Priority is given to projects which:

• Create or retain jobs
• Are located in distressed areas
• Are owned by minority or women entrepreneurs or firms which employ minorities, women or displaced workers
• Leverage other public and/or private dollars

Application Process
The organizations which manage RRLTF programs conduct their own loan fund marketing, intake, applicant screening, credit analysis, closings and loan servicing.  A written business plan, business and personal financial statements and financial projections are required of all applicants.
 
 
Contact Information
If you require loan assistance, please contact the administering corporation nearest you.