Contact REDEC Relending Corp. (REDEC/RRC)
- Address
- 8 Denison Parkway, East Suite 305 Corning, NY 14830
- Phone
- 607-962-3021
- Website
- redec.us
- [email protected]
Where they lend
REDEC Relending Corp. (REDEC/RRC) is an SBA-approved microloan intermediary serving New York.
What an SBA microloan is
The SBA does not lend directly. It funds intermediaries like REDEC Relending Corp. (REDEC/RRC), 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
REDEC Relending Corp. (REDEC/RRC) 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
- Columbia Economic Development Corp. dba Choose Columbia
- Community Capital New York, Inc.
- Harlem Entrepreneurial Fund, LLC
- Pathstone Enterprise Center, Inc.
- Pursuit
- Renaissance Economic Development Corporation
- The UCEDC
- Westminster Economic Development Initiative, Inc.
