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An easy way to apply and get approved for your working capital needs New York State (NYS) values diversity and helping those in need. The “Bridge to Success” Loan Program aims to provide qualified Minority and Women-owned Business Enterprises (MWBEs) with access to short-term bridge loans necessary to execute contracting opportunities across New York State. Over the past 2 years, “Bridge to Success” has approved over $1 illion in loans to NYS Certified MWBEs and helped fund $ 0 million in contracts within New York. Participating lenders are incentivized to increase lending under the “Bridge to Success” Loan Program through Empire State Development’s (ESD) Loan Loss Reserve Fund. This fund of $2.73 million will mitigate the risks that “Bridge to Success” Lenders may take on. The Benefits of "Bridge to Success" • Loan amounts up to $200,000 • Lending periods up to 24 months • $20 million in short-term loans provided by participating lenders in New York State • $2.73 million Loan Loss Reserve Fund provided by ESD to encourage lending to MWBEs For more information, please call the NYS MWBE Resource Line: 855/ESD-4MWB (855/373-4692) The “Bridge to Success” Loan Program for Minority and Women-owned Business Enterprises Call the NYS MWBE Resource Line today 855/ESD-4MWB (855/373-4692)
