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NYBDC Hosts NYC Food Manufacturer's Growth Fund Consortium Event

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

Tuesday, October 22, 2013
TurnKey Internet

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.

Scholet Furniture - Oneonta, NY

Thursday, October 10, 2013
Scholet Furniture - Oneonta, NY

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.

HSM Packaging

Tuesday, October 8, 2013
HSM Packaging

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.

EWVIDCO and SBIDC Host Financing Workshop for Food Entrepreneurs

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.

Important Notice: Debenture Funding Schedule

Click here to read the release from Development Company Finance LLC regarding the Debenture Funding schedule.

Lender Q&A: 504 Occupancy Requirements

Friday, October 4, 2013
Lender Q&A: 504 Occupancy Requirements

This week's Lender Q&A answers the question: How long does a business have to meet 504 occupancy requirements?

NYBDC is Recognized for Continued Commitment to NYC's Small Businesses

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.

Druthers Brewing

Tuesday, October 1, 2013
Druthers Brewing

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.

Lender Q&A: Refinancing a 7(a) Loan

Thursday, September 26, 2013
Lender Q&A: Refinancing a 7(a) Loan

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

Tuesday, September 24, 2013
Blue Marble Ice Cream

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.

Lender Q&A: Start-up Business vs. Extension of an Existing Business

NYBDC lenders are helping to answer questions that arise during the loan process. In this week's Lender Q&A, NYBDC's Tom McHale, discusses the differences between a start-up business and the extension of a business.

Bay Street Animal Hospital

Thursday, September 5, 2013
Bay Street Animal Hospital

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.

Community Partner Highlight: Marcus Mayo, Co-Founder, IncubateNYC

This week's Community Partner Highlight features Marcus Mayo of IncubateNYC. Learn more about how this organization helps first-time entrepreneurs start and grow their business.

 Community Partner Highlight: Robinson Hernandez, Executive Director and Michael Kim, Senior Client Manager at NBAT

The New Business Acceleration Team coordinates the agency inspections needed for eating and drinking businesses to open in NYC. NBAT's Robinson Hernandez and Michael Kim discussed how they accomplish this in this week's Community Partner Feature.

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