Community Partner Highlight: David Meade, Executive Director and Mary Kuhn, Business Development Manager at SBIDC
Southwest Brooklyn Industrial Development Corporation has been serving businesses in the neighborhoods of Sunset Park, Red Hook, and Gowanus for over 35 years. Read more about how they help small businesses in this week's Community Partner Highlight.
Dr. Laura Wade had always wanted to open her own specialty animal practice. With the help of The 504 Company and The Bank of Akron, she was able to turn her dream into a reality.
NYBDC and Tioga State Bank helped the owners of Indian Valley Industries secure a 7a loan to purchase their business in 2008. When the owners were looking to expand in 2012, they again looked to NYBDC and Tioga State bank for their financing needs.
NADCO and The Society of Industrial and Office Realtors present the first-ever Finance Solutions Pavilion at SIOR's Annual Convention in Chicago. Tom McHale attended to represent The 504 Company.
NYBDC and EWVIDCO hosted a meeting to discuss the progress of The Food Manufacturer's Growth Fund and to hear from the various City-based service providers about the needs of food businesses in their areas.
TurnKey Internet, a full service hosting provider and data center based in the Capital-region, utilized the 504 program to finance their expansion. Since then, TurnKey has doubled their employees and been able to purchase green technology.
When presented with an opportunity to purchase a furniture building in Oneonta, NY, owner Art Scholet knew he couldn't pass it up. Together, NYBDC and NBT Bank were able to package a 504 loan to help purchase and renovate the space.
After moving their carton manufacturing facility to a bigger space in Syracuse, the owners of HSM Packaging needed new equipment. With the help of NYBDC, they secured a 504 loan to purchase the equipment. Read more about HSM Packaging here.
It's can be challenging for food entrepreneurs to find funding for their businesses. EWVIDCO's financing workshops, highlighting the NYC Food Manufacturers Growth Fund, serve as a means to help bring awareness to available financing opportunities.
Click here to read the release from Development Company Finance LLC regarding the Debenture Funding schedule.
This week's Lender Q&A answers the question: How long does a business have to meet 504 occupancy requirements?
NYBDC President Pat MacKrell, was recognized by Mayor Michael Bloomberg earlier this week to acknowledge NYBDC's commitment to helping businesses throughout New York City.
Brothers Chris and Brian Martell decided to pursue their dream of brewing beer as a career. With the help of NYBDC, they secured a 504 loan to purchase and renovate their space in Saratoga, NY. Click here to read the story of Druthers Brewing.
This week's Lender Q and A asks: Can you refinance a 7(a) loan with a 7(a) loan? Click below to find out the answer.
Blue Marble Ice Cream manufactures, wholesales and retails artisanal organic ice cream. When financing was needed to expand the wholesale operation of the company, as well as to finance a new retail location in Manhattan, NYBDC was able to help.