Nybdc Local Development Corp
NY
- UEI
- L2U5DBNNJTX1
- CAGE
- 75NK9
- Primary NAICS
- Not on record
- SAM.gov registration
- Active through
Company facts
- Self-certified in SAM.gov
- Entity structure
- Corporate Entity (Tax Exempt)
- SAM.gov registration date
- Physical address
- 19 British American Blvd, Colonie, NY 12110, USA
- Website
- pursuitlending.com
- Founded
- 1955
- Employees
- 51-250
- Estimated annual revenue
- $10M-$50M
- Industry
-
- Financials
- Diversified Financial Services
- Financial Services
- SIC code
- 61 Nondepository Institutions
Registration and certifications come from SAM.gov and the SBA; company details from public web sources. Updated .
Recent federal awards
| Award | Agency | Obligated | Awarded |
|---|---|---|---|
| Nybdc local development corporation | Office of the Chief Operating Officer | $894,051 | |
| Purpose: to promote economic revitalization and community development through investment in and financial assistance… | Community Development Financial Institutions Fund | $900,000 | |
| Nybdc local DEV corp - NY | Office of the Chief Operating Officer | $1,255,090 | |
| FY 23 prime technical assistance | Office of the Chief Operating Officer | $250,000 | |
| The small business administration (SBA) microloan program provides direct loans and grants to eligible non-profit… | Office of the Chief Operating Officer | $2,169,434 |
About Nybdc Local Development Corp
Nybdc Local Development Corp, also known as Pursuit, is a tax-exempt nonprofit organization and certified Community Development Financial Institution (CDFI) headquartered in Colonie, New York. The organization is registered in SAM.gov and provides small business loans, training, and resources to underserved communities across Connecticut, New York, New Jersey, and Pennsylvania. Through federal grant awards, Nybdc Local Development Corp delivers comprehensive microlending and entrepreneurial development services designed to increase economic opportunity and community revitalization in areas lacking access to traditional credit sources.
Since 2021, Nybdc Local Development Corp has received substantial federal grant funding from the U.S. Small Business Administration's Office of Capital Access and the Community Development Financial Institutions Fund to support its core mission. The organization has been awarded multiple formula grants and project grants under the SBA Microloan Program (CFDA 59.046), including awards of $1,330,546 (2021-2022), $2,169,434 (2023-2024), $1,255,090 (2024-2025), and $894,051 (2025-2026), enabling the provision of direct microloans up to $50,000 or $100,000 to small businesses. Additionally, Nybdc Local Development Corp has received funding under the SBA Prime Technical Assistance Program (CFDA 59.050) totaling $450,000 across fiscal years 2022 and 2023 to deliver training, technical assistance, and capacity-building services. The organization has also been awarded significant grants from the Treasury Department's Community Development Financial Institutions Fund, including a $1.8 million CDFI Rapid Response Program award (2021-2023) to address COVID-19 economic impacts, and base financial assistance awards in 2023 and 2024 to build organizational lending capacity. Services provided include business training, financial literacy education, disaster preparedness and recovery support, credit counseling, business operations guidance, and capital access facilitation. Nybdc Local Development Corp prioritizes support for women, minorities, low-income individuals, and veterans in economically disadvantaged areas. The organization partners with Syracuse University's Institute for Veterans and Military Families as a sub-recipient to deliver specialized entrepreneurship programs for veterans, demonstrating collaborative efforts to serve targeted populations.
Quick answers
What is Nybdc Local Development Corp's UEI?
Nybdc Local Development Corp's Unique Entity ID (UEI) in SAM.gov is L2U5DBNNJTX1.
What is Nybdc Local Development Corp's CAGE code?
Nybdc Local Development Corp's CAGE code is 75NK9.
Where is Nybdc Local Development Corp located?
Nybdc Local Development Corp's physical address in SAM.gov is 19 British American Blvd, Colonie, NY 12110, USA.
Is Nybdc Local Development Corp registered in SAM.gov?
Yes. Nybdc Local Development Corp's SAM.gov registration is active through March 13, 2027.
What is Nybdc Local Development Corp's most recent federal award?
Nybdc Local Development Corp's most recent federal grant award is Nybdc local development corporation (SBAHQ25Y0063), from Office of the Chief Operating Officer, on July 1, 2025.
On GovTribe
See Nybdc Local Development Corp's full federal record
- Federal grant awards
- Funding analysis by agency, NAICS and set-aside
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