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.
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.
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.
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.
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.
NYBDC helps fund Boonville business, Nirvana Water. On Wednesday, August 21st, NYS Comptroller Thomas DiNapoli visits the company headquarters to make the announcement of the loan.
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.
This week's Community Partner Highlight features Paul Quintero of Accion. Click here to read about how Accion helps small business entrepreneurs nationwide.
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.
There are many technical assistance providers available throughout New York City to help applicants when preparing an SBA 504 Loan Package. NYBDC loan officer, Arami Jung, identifies them in yesterday's publication of KoreaDaily.