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.
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.
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.
Owners Dr. Theresa Cavallaro and Dr. Robert Cohen had recently financed the expansion their animal hospital using NYBDC funding when Hurricane Sandy destroyed the renovations. They were able to access emergency loan funds to rebuild their business.
When this Digital Ad Agency's growth meant the need for a new space, the 504 loan program proves to be the right solution for financing.
Healthy Heart Food Service provides meals for senior citizens, day care centers, schools and more. When presented with the opportunity to purchase their building in Brooklyn, they turned to JP Morgan Chase bank and NYBDC for 504 loan funding.
Ushers Machine & Tool Co. Inc., is a successful welding and machining business that has created more than fifty jobs in the Capital District. NYBDC helped fund the purchase of this business in 2008.
American Christmas owner, Fred Schwam, knows how to decorate. Read more about how Empire State CDC: The 504 Company helped him access capital.
Lynn Mione always dreamed of being a business owner. Little did she know that her love of wine and NYBDC would help make that dream come true.
With decades of experience baking pastries in France, Nora and Jean Francoise Gatorze decided to open their own authentic French bakery. Through The 504 Company, the owners were able to purchase a new storefront and equipment for their business.
How does a man with an undergraduate degree in civil and environmental engineering and an MBA in finance find himself as a personal trainer and owner of a New York City gym?
Chobani yogurt has experienced tremedous growth over the past 5 years. NYBDC financed an SBA 504 loan to help the brand's creator, Hamdi Ulukaya, purchase his yogurt plant and get his start in the business.
When a local bank couldn't provide assistance, they recommended NYBDC to help brothers Mike and Tim Fuller purchase The Hidden Cafe restaurant.