Minority and Women-Owned Business Enterprises (MWBE) Bridge to Success Loan Program

Overview

Get the short-term working capital that you need

The Bridge to Success Loan Program aims to provide qualified
Minority and Women-owned Business Enterprises (MWBEs) with
access to short-term bridge loans necessary to execute contracting
opportunities across New York State.

As a participating lender, SEFCU is committed to providing the funding necessary to help MWBEs.

Fill the gap with an MWBE Bridge to Success loan!

Features & Benefits

State Contractors: Get the Money You Need

If you are a state-approved contractor and have, or are in the process of obtaining, an executed state contract, SEFCU can help you get the short-term commercial working capital and term loans you need as part of the credit union's partnership with NYS Empire State Development.

Loan amounts up to $250,000 with terms typically between eight and 18 months. With this funding option you'll enjoy low upfront costs and a low rate.

Eligibility

To qualify for SEFCU's MWBE Bridge to Success Loan, a business must be:

Eligible for SEFCU membership
A certified state contractor and have, or be in the process of obtaining, an executed state contract
Only New York State–certified minority- and/or women-owned business enterprises (MWBEs) are eligible
Credit terms and decisions are underwritten by SEFCU's commercial credit policy