Submission of Insurance

To adhere to loan requirements, it is required that you have insurance coverage.  This varies from loan to loan and can consist of life, flood, home, building, property, contents, liability, and workers comp.  We will periodically contact you to request certificates of insurance.
 
You can assist us with this by having your agent submit any changes, renewals, and reinstatements via the following methods:
 
Fax :    518.463.0240;   Attn: Diane Swota
Mail:    NYBDC
             P.O. Box 738,
             Albany, NY 12201-0738
 
Certificates of insurance should be listed according to your specific loan(s):
 
For SBA/504 loans which also include Long Island Development Corp:
EMPIRE STATE CERTIFIED DEVELOPMENT CORP AND U.S. SMALL BUSINESS ADMINISTRATION
50 Beaver Street
Albany, NY 12207
 
For NYBDC loans:
NEW YORK BUSINESS DEVELOPMENT CORP
50 Beaver Street
Albany, NY 12207
 
For WTCSBRF:
WORLD TRADE CENTER SMALL BUSINESS RECOVERY FUND AND NEW YORK BUSINESS DEVELOPMENT CORP
50 Beaver Street
Albany, NY 12207
 
We are generally listed on your policies as assignee, mortgagee, lender loss payee, loss payee, and additional insured according to your specific loan requirements.
 
For easier processing, please reference your loan number with all documentation.  For any additional inquiries, please call 800.923.2504.
 
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