State loan program aims to lend more small business funds to veterans

Download Article Here: Newsday Article – November 11, 2015

A state loan program aimed at helping veterans go into business for themselves has lent only 30 percent of its $5 million since 2007.

State Comptroller Thomas DiNapoli said Wednesday he wants to increase the number of loans, which are disbursed by the New York Business Development Corp. using money from the state pension fund. He is sole trustee of the $184.5-billion fund.