Revolving Loan Fund

Southeast Queens Capital Access

Alternative Financing for Small and Mid-Sized Local Businesses

Capital Access is a revolving loan fund that invests in community businesses to create community jobs.

Who is eligible for financing?

• New and existing businesses located in Southeast Queens (in the 114xx and 116xx zip codes)
• Your business has sales of less than $10,000,000 and fewer than 500 employees

Loan Programs

Term-Loans

• $10,000 – $300,000
• Interest Rates: Below market rates pegged to Wall Street prime
• Terms: Negotiable loan maturity period (usually five years)
• Asset-based for loans over $100,000 (Capital Access)
• Expedited turnaround for character- and credit scoring-based loans up to $100,000 (Capital Access Express)

Line of Credit Amounts (LOC)

• $10,000 – $25,000
• Interest Rates: Below market rates pegged to published prime rate
• Terms: Open Credit line (usually two years)

What can I use my loan for?

• Business expansion
• Façade or Merchandizing Improvement
• Purchase new equipment
• Buy or improve existing property
• Working capital
• Gap loan as part of loan basket with other financing
• Bridge loan while waiting for funding from another committed source

Special Services

• One-to-one assistance to help prepare your loan application package is available to qualified applicants
• Flexible loan packages can be tailored to meet special needs