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New York Business
Development Corporation
Our
Success is Your Success - The process is easy; the
possibilities are endless.
   
September
2006 On-Line Newsletter
Message from the President and CEO
Patrick J. MacKrell
Dear Friends,
We received great
feedback on our first electronic edition of our
newsletter which debuted
last month. We ask that you please share your suggestions and
or ideas so that we may continually enhance our newsletter to
better serve you. We also welcome
member submissions. If you have advice to share, please e-mail
our Director of Marketing, Kelli Kudlack, at
kkudlack@nybdc.com
If you have ever
wondered about 504 prepayment penalties and what effect they
could have on your borrowers, please read our
Lender's
Corner article where Jim Conroy, NYBDC Vice
President, discusses this important topic in detail.
I'm pleased to
welcome three new employees to the NYBDC family. Stanley
Grochocki, Kevin O'Leary and Linda Zou
recently joined our New York City and Long Island offices.
They are great
assets to NYBDC, and we’re fortunate to have them on our team.
Their experience and skills will have a major impact on our
success and growth as we continue to expand our top-flight
programs to help New York business owners.
Take a look at our
Welcome Aboard
section to learn more about them.
We are anxious to share our experience with our lending
partners. Did you know that a not-for-profit entity can
assume an SBA 504 loan? Do you have a question about an SBA
loan? Nancy Reinhart who heads up our loan servicing
department is a phone call away and can help you with any
questions you may have. She can be reached at 518-463-2268 or
by e-mail at
nreinhart@nybdc.com
As always, we are here to assist you, so please don’t hesitate
to call or refer a business to our office. We thank you for
your continued support!
All the best,
Pat
SBA 504 Program
Effective Rates
20 Year Term
($1MM+)..................6.72%
10
Year Term ($1MM+)..................6.87%
Editors Note:
The NYBDC e-newsletter was designed to be easy to navigate.
It's as simple as clicking on the highlighted news sections
below which will bring you to your desired story.
Lender's
Corner - Don't Let the Prepayment Penalty Fool You
Success Story - Franbilt, Inc.
NYBDC
News Highlights
Employee Spotlight - Michael Taylor Welcome
Aboard
August
Loan Approvals Current
Loan Rates
Contact
Us
If you would
like to print our newsletter for your records
you may download this issue by clicking on the link below:
Download
our September 2006 newsletter in PDF format
New York Business Development Corporation (NYBDC)
Empire State Certified Development Corporation (ESCDC)
Statewide Zone Capital Corporation (SZCC)
Corporate Headquarters: 50 Beaver Street, Albany, NY
12207
1-800-923-2504
www.nybdc.com
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