Friday, June 17, 2016

SEED Program Now Accepting Applicants in the Albany Area

From the Albany SBDC:

Does your business need financing, but the bank will not fund your venture?

Do you or someone you know have a great idea for a business, but no capital to get things started?

Are you looking to expand your business, but lack the necessary capital?

The SEED Program may be able to help! SEED is a character based micro-loan program that is funding entrepreneurs based off of character of the entrepreneur and capacity of the business.

Program Components
  •  Loans up to $35,000
  • Entrepreneurial Training Classes
  • One on One Business Counseling
  • Interns to Assist with Business Plan Development
  • Peer Support Network

Since the program was established, SEED has successfully funded 54 entrepreneurs that would not have been eligible for traditional commercial loan programs.

Applications for the Summer Session of the SEED Program are now being accepted.
For more information:
Contact Kate Baker

SEED is possible due to a unique partnership between SEFCU, the Small Business Development Center, Univerity at Albany School of Business, University at Albany School of Social Welfare, and NYS Empire State Development.

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