News
October 30, 2024Main Street Capital Loan Fund a New Program
The Main Street Capital Loan Fund is now open! Through this new program, offered by Pursuit in partnership with Empire State Development, businesses can apply for up to $100,000 with only minimal payments for the first 12 months.
To be eligible, New York-based businesses must have:
- 2 years or less in operation (startup), or be an early-stage business up to 4 years in operation
- An active commercial lease or identified business location (not a home-based business)
- Fewer than 100 employees
- A personal credit score of 640 or higher (average of all owners over 20%)
- No open liens or judgments
- No prior bankruptcies for the owner or the business in the last 7 years
- A demonstrated history of repaying previous government loans as agreed
- All government and local taxes current
- Several years of demonstrated industry experience, preferably in a management capacity
It’s easy to get started – NY businesses can simply complete a pre-application form and a Pursuit team member will contact them in 3 – 5 business days to continue the process.
