Capital Access Program

Objective

New York State's Capital Access Program (CAP) is a $7.9 million program that provides matching funds to financial institutions for loan loss reserves as an incentive to increase small business lending.

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Overview

Overview

CAP can be used with term loans or lines of credit, on financing for working capital needs, technology or facility upgrades, business startups or business expansions.

Benefits of CAP participation:

  • Expands the small to middle market business customer base.
  • Limits exposure to losses through a reserve fund.
  • Enhances Community Reinvestment Act (CRA) efforts.
  • All loan decisions are in the hands of the Lender, without any approval required by ESD or any other entity
  • Provides credit enhancement to all types of loans

Eligibility

Participating Lenders
Financial institutions must enter into a Capital Access Program Lender Agreement with Empire State Development before enrolling loans. For more information on how to become a participating lender, please see the Program Overview.

Small Businesses
If your business is an independently owned and operated business that employs less than 100 employees, you can apply for a loan  for business or facility expansion, technology upgrade, business start-up or working capital. CAP participating lenders set terms and make all credit decisions. Here is a list of CAP Participating Lenders.

How to Apply

For small businesses interested in New York State programs, please contact the NYS Small Business Division at 1-800-782-8369 or nylovessmbiz@esd.ny.gov.

 

Contact Information
For Capital Access Program inquiries, including information for participating lenders, please contact nyscap@esd.ny.gov.