We think New York is great for small business -- and so do our clients.

Since our start in 1984, the expert advisors of the Albany SBDC have worked directly with 27,995 businesses, helping them to invest $543,926,495 in the area's economy, and create or save 15,244 jobs.

SEED Program - Small Enterprise Economic Development

SEED is a new Loan Program for future Entrepreneurs and Small Business Owners that bases the lending decision on the character of the applicant and feasibility of the business model.

Program Components:
-Assistance in Accessing Capital to Start or Expand a Small Business
-Business Model Development (SBDC along with interns from UAlbany School of Business and School of Social Welfare)
-Entrepreneurial Training Classes
-One on One business Counseling Assistance
-Peer Mentoring Support

Application Process:
-Completed Application Packet
-Copy of Credit Report
-3 Letters of Reference (2 professional, 1 personal)
-Interview with SEED program Coordinator

Maximum Loan- $35,000

If you or your business reside in New York, the SBDC can maneuver you around the obstacles to success.  Among other things, we help our clients:

• understand the importance of a business plan
• discover sources of funding
• prepare for e-commerce
• identify avenues for exporting goods & services
• develop marketing plans
• assess an invention’s viability
• comply with licensing & regulations

And thanks to our partners in the public and private sectors, our services are free of charge.

Center: 518.442.SBDC

Center: 518.442.7232