Loans for Food Business

Several funders are open to providing loans to NYC area food businesses (though none are concerned with enhancing the sustainable aspect  . . . except Brooklyn Cooperative).

Brooklyn Cooperative Credit Union
Personal Loans of $400-10,000 at 11% for terms up to 12 years.
Microenterprise Loans of $500-$100,000 at 9% or 11% for terms up to 12 years.

Small Business Administration (SBA) Express Loans
of <$250,000 at 9%+.
Business Development Services are also provided including: Business Plan Assistance, Loan Prep Assistance, Financial Records Help and Business Tax Prep.
Slow Money NYC has a special referral relationship with Brooklyn Coop, please contact us for more info {at}

Acción USA
Loans of up to $50,000 and provides financial education to small business:
Samuel Adams Brewing the American Dream Micro-Loan Fund  established by Boston Beer’s initial $250,000 commitment to provide much needed capital to small business owners who would not be approved for a bank loan. NY Times recently covered the program, providing a good overview.  Interest rates are 8.99%-15.99% with loan terms of 60 months or less.

  • Brewer Loans of $1000-10,000 for craft brewers who are looking to start a home-based business or have had a home-based business for less than 6 months.
  • Kitchen Incubator Loans of $1,000-$10,000 offered exclusively to those looking to start or expand a new food or beverage business in a kitchen incubator space.
  • Food & Beverage Business Loans of $500-$25,000 offered to start or expand a small food and beverage business, purchase inventory or equipment, market a business, pay licensing fees, etc.

NYC Green Carts Loans of up to $5,000 at 6.99-9.99% for 24 months or less for money to purchase a Green Cart and inventory (usually fruits and veggies)
Business Loans of up to $50,000 for established, profitable businesses.
Start-Up Loans of up to $30,000 for businesses with 6 or more months in operation but not yet profitable.
Transition Loans of up to $30,000 for the purchase of an existing business or change in location.
Green Loans for providing green products or services in your business with amounts of up to $35,000 and terms up to 60 months at 8.99% via SBA Microloan Program.
Energy Efficiency Loans of up to $35,000 and terms up to 60 months at 8.99% via SBA Microloan Program.


NYC Economic Development Corp (EDC) has partnered with Goldman Sachs Bank USA to launch The 10,000 Small Businesses NYCEDC Food Manufacturers Fund with a commitment of $10 Million targeted to make affordable financing available and to enable the City’s small food manufacturing sector to invest and expand their business operations in the City.  NYCEDC announced its intention to launch Fall of 2011 and to make its first loans available December 2011 administered through a Community Development Finance Institution (CDFI) selected by NYC.  No CDFI has yet been named publicly to begin making loans.