Contact Columbia Economic Development Corp. dba Choose Columbia
- Address
- 4303 Route 9 Hudson, NY 12534
- Phone
- 518-828-4718
- Website
- columbiaedc.com
- [email protected]
Where they lend
Columbia Economic Development Corp. dba Choose Columbia is an SBA-approved microloan intermediary serving New York.
What an SBA microloan is
The SBA does not lend directly. It funds intermediaries like Columbia Economic Development Corp. dba Choose Columbia, who lend up to $50,000 to small businesses and start-ups that banks usually turn down. The average loan is around $13,000, terms run up to seven years, and decisions rest with the intermediary rather than the SBA.
Almost every intermediary asks for the same things: a written business plan, financial projections, what the money is for, and your credit history. The plan is where most applications stall.
Before you apply
Columbia Economic Development Corp. dba Choose Columbia will ask for a business plan with your application. We write SBA-ready plans built for microloan applications, with the financial projections lenders expect.
Other microloan lenders in New York
- Accompany Capital
- Adirondack Economic Development Corporation
- Ascendus Inc.
- BOC Capital Corporation
- Community Capital New York, Inc.
- Harlem Entrepreneurial Fund, LLC
- Pathstone Enterprise Center, Inc.
- Pursuit
- REDEC Relending Corp. (REDEC/RRC)
- Renaissance Economic Development Corporation
- The UCEDC
- Westminster Economic Development Initiative, Inc.
