This Week
  • With two strikes against it, Century Mold Co. Inc. managed to hit a home run twice.

  • Allen Rossignol launched Edge Architecture in 2002 and has guided its growing prominence.

  • LaBella to acquire Gardner Plus Architects to boost health care design area.

  • Brett Farrow stayed true to his interests in law, medicine and business.

  • More precise diagnoses are now possible though advances in personalized medicine.

  • The Senior Living and Long-Term Care Services Directory provides a wealth of information.

FNFG unveils $500,000 microloan fund

Rochester Business Journal
March 5, 2014

Small businesses in Rochester that do not qualify for conventional funding can get up to $25,000 through a microloan fund launched Wednesday by First Niagara Financial Group Inc.

The Buffalo-based bank will partner with the city in administering the loans from the $500,000 fund. Pathstone Corp. will serve as underwriter and provide technical assistance.

The loans can be used to acquire real estate, for construction and rehabilitation, for equipment and machinery purchases, for inventory and for working capital, officials said.

“First Niagara is committed to revitalizing Rochester’s neighborhoods,” said Suzanne Nasipak-Chapman, the bank’s market executive in Rochester. “We hope that by helping to build business in Rochester, we are also building a better future for our community.”

The fund will provide an additional source of opportunity for Rochester, Mayor Lovely Warren said.

“The First Niagara microloan fund will provide much-needed capital in parts of the city that are too often overlooked by traditional lenders, which will give our entrepreneurs the leverage they need to either start a business or take an existing business to the next level,” she said.

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email

What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment


Not registered? Sign up now!

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google