Ulster County is home to excellent banks and the Office of Economic Development can introduce you to the appropriate banking partner to meet your financial needs.
The Ulster County Office of Economic Development can serve as a conduit between businesses and private funding sources to meet debt and equity capital needs.
Venture capital is currently available in Ulster County to high-tech and agribusiness ventures through sources such as the Hudson Valley Startup Fund (HVSF), Upstate Venture Association of New York and Hudson River Ventures. Ask Office of Economic Development staff about other venture capital opportunities that may be available.
Community Capital Resources is a Small Business Administration (SBA) “microlender” that offers business loans to new and existing businesses with difficulty meeting the credit or collateral requirements of a conventional lender. The loans, which have affordable interest rates, can be used by businesses for materials, inventory, equipment, marketing expenses, licensing fees, working capital and energy savings upgrades. Borrowers must have a complete business plan, be the principal owner of the business and be at least 21 years of age.
Accion USA offers loans and financial education to small business owners with a low to moderate income throughout the United States.
For a directory of venture capital firms in New York, click here.