Jim Monheim and Tommy Lee approached the Allegany Business center in August of 2011. Both Jim and Tommy had recently become unemployed and decide to pursue a business venture of their own. Jim and Tommy shared that the business they have been working with for years was going under not because of lack of work or projects; but because of mismanagement and poor marketing. This became the foundation on which Tommy and Jim decided to establish their new handy man and sub... Read more
Calendar of Events
ACDSI Lending
ACDSI Documents
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ACDSI Loan Application
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Personal Loan Worksheet
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Do you need money to start your business or expand your existing business? Have you thought about applying for a business loan from a bank, but realize you won't qualify because of credit issues, personal income or cash flow? Have you been turned down for a business loan? Don't put your plans on hold or use high interest credit cards to finance your business!
Allegany Community Development Services Inc. (ACDSI) is a not-for-profit Community Development Financial Institution (CDFI) created to serve Allegany and Cattaraugus county Minority and Women Business Owners (MWBE's), entrepreneurs, and community members who are unable to access traditional credit. ACDSI has business start-up and expansion loans for both income eligible individuals and businesses that employ income eligible indivduals. ACDSI is a certified CDFI by the U.S. Department of Treasury. Loans are made available in part through the Governor’s Office of Small Cities.
ACDSI provides financing for startup and existing businesses with loans ranging from $3,000 to $25,000. ACDSI offers entrepreneurs the following:
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Benefits: |
We Finance: |
Use of Funds: - working capital - buy inventory - purchase equipment and machinery - expansion projects |
| ACDSI is very excited about the opportunities that exist in the Southern Tier and takes great pride in providing a helping hand to those entrepreneurs who set out to make a difference. |
in the state of NY constructing and manufacturing custom cabins for both public and private use. Ron Wampole came to the Business Center in March 2011 seeking help in understanding finances. The business and loan counselor began working with Ron to create a financial business plan. 
