Minority and Women Revolving Loan Trust Fund Program  

The Minority and Women Revolving Loan Trust Fund Program (the "Program") was created by the State of New York in 1995 and is administered through ESD for the purpose of making low-cost financial assistance available to minority and women-owned businesses ("M/WBEs") that are unable to access traditional financial services. 

ESD' s goal is to help start-up M/WBEs to grow and flourish in today' s economy. To date, ESD has capitalized loan pools totaling more than $3.5 Million for 13 community-based economic development organizations located throughout the State. These organizations administer the Program at the local level and provide working capital loans of up to $35,000 and fixed asset loans of up to $50,000. 

The organizations also provide related technical assistance services to M/WBEs to help these businesses survive and grow, such as:
    -Assistance with completion of loan applications
    -Business Plan development
    -Mentorship and peer group programs
    -Credit Union services (where available)

Please contact the organization nearest to you as listed below: 


Bedford Stuyvesant Restoration Corp.
Ms. Bernice McRae, Dir. Economic Development Services
1368 Fulton Street
Brooklyn, New York 11216
Tel: (718) 636-6924 Fax: (718) 636-0511
Website: www.restorationplaza.org
Email: [email protected]
Service Areas: Part of Bedford Stuyvesant, Clinton Hill, Ft. Greene, downtown, Carroll Gardens, Red Hook & Sunset Park

Bethex Federal Credit Union
Ms. Joy Cousminer, Chief Executive Officer
20 East 179th Street, L.L.
Bronx, New York 10453
Tel: (718) 299-9100 Fax: (718) 294-4950
Website: www.bethexfcu.org
Email: [email protected]
Service Area: Community Boards 1-2, 4-6 (Bronx County)

Bronx Overall Economic Development Corporation
Ms. Kate Shackford, Program Manager
851 Grand Concourse
Bronx, New York 10451
Tel: (718) 590-3949 Fax (718) 590-3499
Website: www.boedc.org
Email: [email protected]
Service Area: Community Boards #s: 1 thru 4, 7, 8, 11&12 (Bronx County)

Local Development Corporation of East New York
Ms. Sherry Roberts, Executive Director
80 Jamaica Avenue - 3rd Fl.
Brooklyn, New York 11207
Tel: (718) 385-6700 x11 Fax: (718) 385-7505
Website: www.ldceny.org
Email: [email protected]
Service Area: Williamsburg, Greenpoint, Bushwick, East New York & Brownsville (Kings County).

Greater Jamaica Local Development Corp.
Mr. Wingson Wong, Director of Resource Development
90-04 161st Street
Jamaica, New York 11432
Tel: (718) 291-0282 Fax: (718) 658-1405
Website: www.gjldc.org
Email: [email protected]
Service Areas: South Jamaica, Hollis, Queens Village, St. Albans, Springfield Gardens & Laurelton, Southeast Queens (Queens County)

Renaissance Economic Development Corporation
Ms. Hally Chu, Project Manager
1 Pike Street
New York, New York 10002
Tel: (212) 964-6022
Website:  www.renaissance-ny.org
Email:  [email protected]
Service Areas: Chinatown & Lower East Side, Flushing, South Flushing/Jamaica Estates, and Northwest/Central Queens (Queens County)

Washington Heights and Inwood Development Corp.
Mr. Dennis Reeder, Executive Director
57 Wadsworth Avenue
New York, New York 10033
Tel: (212) 795-1600 Fax: (212) 781-4051
Website: www.whidc.org
Email: [email protected]
Service Area: Upper Manhattan (New York County)


Orange County Chamber of Commerce
Ms. Carol Smith, Vice President, Government Initiatives & Special Projects
30 Scott' s Corner Drive
Montgomery NY 12549
Tel: (845) 457-9700
Website: www.orangeny.org
Email: [email protected]
Service Area: Orange County

Community Capital Resources - c/o Westchester Housing Fund, Inc.
Ms. Tamara Underwood, Small Business Program Manager
7 West Cross Street
Hawthorne, New York 10532
Tel: (914) 747-8020

Website: www.ccrhv.org
Email: [email protected]
Service Area: Westchester County


Albany-Colonie Regional Chamber of Commerce
Mr. Kevin Catalano, Loan Officer
1 Computer Drive South
Albany, New York 12207
Tel: (518) 458-9851 Fax: (518) 458-1055
Website: www.acchamber.org
Email: [email protected]
Service Area: Albany County


Syracuse Cooperative Federal Credit Union
Mr. Ron Ehrenreich, Treasurer & CEO
723 Westcott Street                                             
Syracuse, New York 13204
Tel: (315) 471-116 x201    Fax: (315) 476-0567
Website: www.syrcoopfcu.org
Email:  [email protected]
Service Area: City of Syracuse (Onondaga County) 


Tompkins County Area Development
Ms. Ina K. Arthur
200 East Buffalo Street -
Suite 102A
Ithaca, New York 14850
Tel: (607) 273-0005
Website: www.tcad.org
Email:  [email protected]
Service Area:    Tompkins County


Buffalo Urban League, Inc. 
Mr. James Smith, Vice President of Finance
15 E. Genesee Street
Buffalo, NY  14203
Tel: (716) 854-7625   Fax: (716) 854-8960
Website:  www.BuffaloUrbanLeague.org
Email:  [email protected]
Service area:  Erie and other Western NY counties