At a glance
From its website, read 2 Nov 2026Renaissance Economic Development Corporation is a loan fund based in New York, New York. Its website describes small-dollar emergency loans, microloans, SBA-backed loans and 1 other loan type. Stated loan amounts run up to $250,000. Business loan rates stated on its site range from 4% to 8%. It says it considers borrowers with low or no credit history.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Lending | (212) 964-6022 source |
|---|---|
| Phone | (718) 961-0888 source |
| info@renaissancesbs.org source | |
| Website | www.renaissancesbs.org |
| Office (official list) | 2 Allen Street, 7th Floor, New York, NY 10002 |
What their website says about applying
Contact us today to schedule your free consultation and take the first step toward achieving your dreams.
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Rates and terms they state
Read 2 Nov 2026| Loan | Stated | Text on the lender's site (verbatim) | Page |
|---|---|---|---|
| Microloans | Rate: 5% | 5% Fixed | source |
| Microloans | Rate: 8% | 8% Fixed | source |
| Small-business loans | Rate: 4%–6% | 4-6% fixed interest rate | source |
| Small-business loans | Rate: 8% | 8% fixed interest rate. | source |
| Microloans | Term: up to 5 yr | Up To 5 Years | source |
| Microloans | Term: up to 6 yr | Up to 6 years | source |
| SBA-backed loans (7(a)/504/Community Advantage) | Term: up to 7 yr | Loan terms up to 84 months. | source |
| Small-business loans | Term: up to 3 yr | Loan terms up to 36 months | source |
| Small-business loans | Term: up to 5 yr | Up to 5 Years | source |
| Small-business loans | Term: up to 6 yr | Loan terms up to 72 months | source |
As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.
Who qualifies, in their words
- Minimum credit score: 600
Minimum credit score of business owner is 600
source - Minimum time in business: 1 year
At least 1 year in operation
source - Training or counseling required
Participate in our Technical Assistance Training the first year of receiving the loan.
source - No or thin credit history considered
Ideal for entrepreneurs with limited credit history who can benefit from both financing and hands-on business support.
source
Only rules the lender's own pages state. Other requirements may apply.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 10 Dec 2013 |
| RSSD ID | — (none listed) |
| Address | 2 Allen Street, 7th Floor, New York, NY 10002 Directions (Google Maps) |
| Website | www.renaissancesbs.org |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 2 Nov 2026Read from 7 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: high. Pages give only maximum loan amounts, so minimum loan sizes are not stated; some pages show older copyright dates. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Small-dollar / emergency loans | — | Emergency loans now available. | source |
| Microloans | up to $50,000 | Up to $50,000 | source |
| SBA-backed loans (7(a)/504/Community Advantage) | — | This is an SBA guaranteed loan program for pre-revenue start-up and existing businesses that need to borrower a larger loan amount | source |
| Small-business loans | up to $100,000 | Loan up to $100,000 | source |
Loan sizes
Loan up to $250,000
sourceLoan up to $100,000
sourceLoan up to $15,000
sourceUp to $10,000
source
Range used for the size filter: not stated to $250,000
Service area
Not stated on the pages we read.
Borrower focus
- Immigrants
transform low-to-moderate income and immigrant communities in NYC
source - Low- and moderate-income / underserved
dedicated to transforming low-to-moderate income communities and under-resourced entrepreneurs
source - Startups
extend affordable loan capital solutions to both budding startups and established small businesses
source
Languages
- No non-English service found on the pages we read.
Online application
No online application link found on the pages we read.
Pages read (7)
- https://www.renaissancesbs.org/
- https://www.renaissancesbs.org/my-loan
- https://www.renaissancesbs.org/loan-capital-new-jersey
- https://www.renaissancesbs.org/loan-program/sba-microloan-2
- https://www.renaissancesbs.org/loan-program/new-jersey-small-business-loan-fund
- https://www.renaissancesbs.org/loan-program/new-jersey-main-street-micro-business-loan
- https://www.renaissancesbs.org/loan-capital-new-york-city
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- Do you lend where I live, or where my business is?
Their website does not say which area they serve. - Is there a minimum loan amount?
Their website gives a maximum ($250,000) but no minimum. - What is the APR, including fees, on your small-dollar emergency loans?
Their website does not state an APR. The APR includes fees, so it is the number to compare. - Can I apply online, or do I need to call or visit?
We found no online application on their website. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$10.2 million in 11 awards from the U.S. Treasury's CDFI Fund, 1997–2024 (4 programs).
| Round year | Program | Amount |
|---|---|---|
| 2024 | CDFI Program, Financial Assistance | $800,000 |
| 2022 | CDFI Equitable Recovery Program | $3,305,118 |
| 2021 | CDFI Program, Financial Assistance | $701,530 |
| 2021 | CDFI Rapid Response Program | $1,826,265 |
| 2019 | CDFI Program, Financial Assistance | $714,000 |
| 2018 | CDFI Program, Financial Assistance | $600,000 |
| 2012 | CDFI Program, Financial Assistance | $953,806 |
| 2002 | CDFI Program, Financial Assistance | $600,000 |
| 1999 | CDFI Program, Financial Assistance | $340,000 |
| 1998 | CDFI Program, Technical Assistance | $48,000 |
| 1997 | CDFI Program, Financial Assistance | $300,000 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Size of the fund (IRS Form 990)
Fiscal year ending Dec 2023| Total assets | $32.6M |
|---|---|
| Total liabilities | $14.1M |
| Net assets | $18.5M |
| Total revenue | $4.1M |
| Notes and loans receivable, net (Part X line 7) | $8.5M |
End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending December 2023 (tax year 2023; EIN 13-3946529, filed as “RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2024). Figures are self-reported to the IRS, not audited by us, and lag one to two years behind today. The lender’s own annual report may show newer numbers. This organisation’s filings on ProPublica Nonprofit Explorer
Filings over time
| Fiscal year ending | Total assets | Net assets | Revenue | Notes and loans receivable |
|---|---|---|---|---|
| Dec 2021 (990) | $35.5M | $19M | $5.4M | $6.5M |
| Dec 2022 (990) | $31.3M | $19.6M | $4.2M | $6M |
| Dec 2023 (990) | $32.6M | $18.5M | $4.1M | $8.5M |
Total assets fell 8% from Dec 2021 to Dec 2023; notes and loans receivable rose 32%. One row per fiscal year in the IRS extracts of returns processed in 2022, 2023, 2024; “—” = the line was empty or zero on that return (a fund can book its loans on other lines).
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Largest loan its website states | $250,000 | Other loan funds whose website states a maximum: median $275,000. Higher than the stated maximum of 38% of these 184. |
| Total assets, latest IRS Form 990 | $32.6M | Larger than 62% of the 39 other certified loan funds and venture funds in New York with a matched Form 990 (median $12.6M). |
| Business loan rate its website stated (2 Nov 2026) | 4.00% to 8.00% | Prime rate that day: 7.00% (FRED DPRIME), so the lowest stated rate is 3 pts below prime. For an SBA 7(a) variable-rate loan the legal maximum is prime plus 3 to 6.5 points, by loan size. |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Largest stated loan | other loan funds stating a maximum, nationwide | 184 | higher than 38% |
| Form 990 total assets | certified loan and venture funds with a Form 990, in New York | 39 | larger than 62% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
Same loan type, nearby, lower stated rate
Certified CDFIs whose head office is within 50 miles of this one and whose own website states a starting rate at least 0.5 points lower for the same loan type. Consumer loans count only where both lenders state an APR. A starting rate is not an offer: ask each lender what you would pay, and check that it lends where you are (credit unions also require membership).
- Microloans (this lender states from 5.00%): UPPER MANHATTAN EMPOWERMENT ZONE DEVELOPMENT CORPORATION from 3.00% (7 mi, read 2 Nov 2026); Eastern American Economic Development Corporation from 3.25% (9 mi, read 2 Nov 2026)
- Small-business loans (this lender states from 4.00%): Brooklyn Alliance Capital, Inc. from 2.00% (4 mi, read 2 Nov 2026)
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered; your rate depends on the loan and on the lender's review. Peer groups and sources: methodology. Form 990 figures: IRS annual extracts (see the Form 990 section). Prime rate: FRED DPRIME. Stated rates: each lender's own website, read on the date shown.
SBA loans approved
SBA data as of 30 Sep 2026The SBA's public loan data lists 1 SBA-backed approval for Renaissance Economic Development Corporation in fiscal years 2020–2026 (October 2019 to September 2026):
- 1 7(a) loans as the lender
By fiscal year: FY2020 1 · FY2021 0 · FY2022 0 · FY2023 0 · FY2024 0 · FY2025 0 · FY2026 0.
By program
- 7(a) Community Advantage (1, 100%)
How this lender was matched in the SBA files: SBA lender ID 0224498: same name, state and city (SBA lists “Renaissance Economic Development Corporation”).
Approved is not the same as paid out: an approved loan can be reduced or never drawn. SBA lists the lender each loan is currently assigned to, which can differ after a merger or loan sale. Renaissance Economic Development Corporation may also make loans outside SBA programs, which are not counted here, and SBA Microloans are not in these files.
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data, files as of 30 Sep 2026, downloaded 3 Nov 2026. Our counts, cancelled approvals left out. How we match lenders.
Other certified CDFIs in New York and New York
- AAFE Community Development FundLoan fund · New York, NYOfficial list only
- Abyssinian Baptist Church Federal Credit UnionCredit union · New York, NYOfficial list only
- Ascendus Inc.Loan fund · New York, NYChild-care facility financing, Credit-builder loans, Small-business loansVerified
- Business Consortium Fund, Inc.Loan fund · New York, NYSmall-business loansVerified
- Carver Federal Savings BankBank or thrift · New York, NYCommercial real estate loans, Microloans, Small-business loansVerified
- CHURCH OF THE MASTER FEDERAL CREDIT UNIONCredit union · New York, NYAuto / vehicle loans, Personal / consumer loans, Small-business loansVerified
- Community Development Trust, LP, TheLoan fund · New York, NYAffordable housing development loansVerified
- Community Development Venture Capital Alliance, TheVenture capital fund · New York, NYOfficial list only
Work at Renaissance Economic Development Corporation? Link to this page
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CDFI Atlas is not a lender and does not give financial advice. Inclusion is not an endorsement, and lenders have not reviewed or approved these pages. Disclaimer.