Greater Syracuse Business Development Corporation

The Greater Syracuse Business Development Corporation (GSBDC) is a nonprofit Certified Development Company whose mission is to provide economic development financing in the form of non-conventional loans to new and existing small businesses throughout upstate New York with the goal of creating jobs and wealth within the region to grow the economy. Since 1964 GSBDC has partnered with the U.S. Small Business Administration, local and regional economic development agencies and the region’s banks and credit unions to provide financing for fixed asset projects and working capital. Those projects range from $50,000 to more than $14 million and have been responsible for the creation and/or retention of hundreds of jobs in our region.

GSBDC provides loans for:

  • The acquisition of capital assets such as commercial real estate and equipment.
  • The construction, expansion or renovation of commercial real estate.
  • Green energy loans.
  • Debt refinance (refinancing of loans used for business enterprises).
  • Working capital and other business needs through one of GSBDC’s three revolving loan funds.
  • A variety of funding programs targeted to business startups, expanding local businesses, business retention and business attraction projects are also offered.

The benefits of working with GSBDC can include longer terms, fixed rates (some below market) and lower equity injections. Whether a startup or an existing business, GSBDC and its partners are here to Help New York’s Businesses Succeed!

The GSBDC partners with CenterState CEO to better align CEO’s growth, competitiveness and community prosperity programming with GSBDC’s growth funding resources and expertise. The partnership is also built on CenterState CEO’s goal of bringing new non-traditional lending and investment resources to the companies in Central New York that need it most.

Contact

Bob Ellis
Executive Director
bellis@gsbdc.com
315-373-0273

Danielle Quintus
Client Manager
dquintus@gsbdc.com
315-373-0348