Transportation Capital Assistance Program
ESD administers a loan program for the
NYS Department of Transportation (NYSDOT).
The program provides government contractor
working capital loans to small business
enterprises and NYS-certified minority and
women-owned business enterprises (MWBEs)
that have transportation-related
construction contracts with or who are
subcontractors of contractors having
transportation-related contracts with
NYSDOT. The program operates as a
revolving fund and funds usually become
available when prior loans are repaid.
Approximately $1 million is now available
- Loan amounts are from $20,000 to $500,000
- The interest rate will be prime, fixed at closing
- Terms will be coterminous with the term of the contract.
Contractors that have been awarded a contract but have not begun work on the contract are eligible. Applications are accepted continuously.