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About NYCIC
NYCIC: Capital Solutions for Growing Businesses
NYCIC provides long-term capital of up to $1 million to select growing businesses in New York. Created in 1995 by a consortium of prominent banks, all members of the New York Clearing House Association, NYCIC was founded to support the growth of well-managed small companies with the potential to yield outstanding returns. Because NYCIC understands that growing companies require committed capital for extended periods of time but have unique characteristics, it takes a long-term approach to funding and custom-tailors solutions to each company's financing needs.
NYCIC provides:
- Equity, near-equity, and debt
- Long-term commitment of funds
- Customized terms
- Competitive pricing
- Access to additional financing sources
- Advisory services on financial, organizational and other strategic issues
NYCIC's portfolio companies reflect both the diversity and the dynamism that characterize New York. From start-ups to established companies with annual sales of up to $20 million, NYCIC provides funding to businesses in varied industry sectors including technology, manufacturing, services, distribution, and retail. In addition, to support economic development objectives, NYCIC has a special interest in funding companies that are minority-owned, woman-owned, or located in lower-income areas.
Small businesses are the fastest growing segment of New York's economy, and their continued expansion is essential to the region's overall economic health. NYCIC and its investor banks are proud to contribute to the strength of the small business economy in New York.
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