Empire State CDC: The 504 Company was recognized by the SBA as the top Community Advantage lender in the nation.
A loan through the Brooklyn Fund helped the owners of Fresh Fanatic Inc. pay off existing debt, as well as renovate and expand their 5,000 square-foot grocery store in Clinton Hills.
Felix Schwartz and Nataliya Antipova were discouraged by the terms offered by traditional lenders when they sought funding for their fifth Edible Arrangements location. They then discovered they were a good fit for The Brooklyn Fund.
The 504 Company approved a loan to help the owners of The Live Well Company expand beyond their home-based personal training studio and open and renovate a brick-and-mortar studio in NYC.
The annual SBA New York Office Lending Awards Ceremony took place November 21 in Jamaica, New York. The 504 Company, along with many other accomplished lenders, was recognized for their achievements.
The SBA Syracuse District Office released the 2014 fiscal year lending report, which shows that loans approvals are on the rise.
Since receiving an SBA 504 loan in 2008, Joseph Whaley, owner of 5th Avenue Chocolatiere, has grown his company to new heights. Today, the Chocolate Works franchise has expanded to 11 retail outlets and Whaley is finalizing his second 504 loan.
An SBA loan helped the owners of Buffalo Boss establish their organic chicken wing brand throughout Brooklyn.
Goldman Sachs and Surdna Foundation Program Awards $100,000 to Lenders in NY and CA for Excellence in Service to Underserved Communities
The Stony Brook University Incubator program connected Long Island pickle company, Divine Brine, with The 504 Company. The business received a loan through the Community Advantage program.
This past Saturday NYBDC staff volunteered with Habitat for Humanity of Schenectady County to help rebuild three homes.
This past week, Hi-Lite Markings celebrated their 25th Anniversary and securement of $7.1 million in loans.
Did you know that businesses with mentors have a higher survival rate than those without? Business Mentor NY is an initiative designed to help make the connections between small business owners and experienced professionals.