The following is a sample of the wide range of community-based lenders, banks, and crowdfunding sources that the Pace SBDC works with to provide access to small business financing:
The U.S. Small Business Administration (SBA) offers a number of Federal exporting finance programs specifically designed to help develop or expand export activities. These programs offer lenders with up to a 90% guaranty on export loans of up to $5 million, enabling small businesses to handle advance orders with suppliers and refinance existing debts.
New York State's Global New York program offers:
1) The Global NY Loan Fund Program offers term loans and lines of credit of up to $500,000 for equipment, inventory, and working capital. The program also extends loans of up to $50,000, interest-free, for distilled and fermented beverage industry businesses.
2) The Global NY Grant Program offers reimbursable grants of up to $25,000 to help companies customize for export markets, participate in trade shows, and undertake product adaptation to meet foreign regulatory requirements; and grants of up to $50,000 to not-for-profit organizations that provide export assistance and trade education to New York State companies.
3) The Global NY State Trade Expansion Program (STEP) offers reimbursable grants of up to $5,000 to qualifying small and medium-sized business for expenses related to participation in trade missions, trade shows exhibitions, export training, website translation, and development of international marketing campaigns. Eligible businesses must operate in New York State and manufacture, assemble and/or distribute a product, or provide an exportable service, be in business for at least one year, and have a product or service for export that contains at least 51% United States content.