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Rochester Economic Development

Rochester, NY 14614

SBA Certified Development Company
14
Loans Approved
$3.3M
Total Volume
$232K
Avg Loan Size
1
States Served

States Served

New York

Top Industries Financed

  • Machine Shops
  • Coin-Operated Laundries and Drycleaners
  • Other Miscellaneous Nondurable Goods Merchant Wholesalers
  • Institutional Furniture Manufacturing
  • Beauty Salons

Quick Summary

Rochester Economic Development is an SBA-certified Certified Development Company (CDC) headquartered in Rochester, New York. Since 2010, they have approved 14 SBA 504 loans totaling $3.3M, with an average loan size of $232K. They primarily serve New York businesses.

About Rochester Economic Development

Rochester Economic Development is an SBA-certified Certified Development Company (CDC) headquartered in Rochester, New York. Since 2010, they have approved 14 SBA 504 loans totaling $3.3M, with an average loan size of $232K. They primarily serve businesses in New York.

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Frequently Asked Questions

What does Rochester Economic Development do?

Rochester Economic Development is an SBA-certified Certified Development Company (CDC) based in Rochester, New York. CDCs partner with banks to deliver SBA 504 loans — a long-term, fixed-rate financing program for commercial real estate and equipment. Rochester Economic Development handles the SBA-backed 40% portion of the financing structure.

How many SBA 504 loans has Rochester Economic Development approved?

According to SBA FOIA public records, Rochester Economic Development has approved 14 SBA 504 loans totaling $3.3M since 2010. Their average loan size is $232K.

What states does Rochester Economic Development serve?

Rochester Economic Development primarily serves businesses in New York.

How do I apply for an SBA 504 loan through Rochester Economic Development?

To apply for an SBA 504 loan through Rochester Economic Development, contact them using the form on this page. You'll also need to work with a participating bank for the 50% bank portion. Before applying, prepare 3 years of business tax returns, personal financial statements, a business plan, and details about the property or equipment you're financing. Most 504 loans require 2+ years in business and a FICO SBSS score of 155+.

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