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Lending
Most small businesses and start-ups need to borrow money to expand or begin operations. Please accept these words of advice as you consider borrowing money...

If you think you are "credit challenged," you should strongly consider pulling your credit report.

Historical lenders include friends, families and fools. Traditional lenders include banks and credit unions. Non-traditional lenders, like MicroBiz Buffalo, Inc. and its participating lenders, include Industrial Development Agencies and Community Development Organizations.

MicroBiz Buffalo, Inc. has a small, but poised for growth, revolving loan program. The program builds on our Individual Development Account (IDA) model. Prospective borrowers must complete financial literacy training (can be found through our IDA partner, the Belmont Shelter Housing Corp.); complete business plan training (SCORE workshop) and a business plan (Buffalo State College Small Business Development Center and SCORE); and agree to meet on a regular basis with an approved small business counselor.

If you would like more information about borrowing for a small business, please contact us.