Loan Closings: Week of October 30, 2017

Tuesday, November 7, 2017 / Published in Featured News, Articles of Interest
Loan Closings: Week of October 30, 2017

Last week, NYBDC and affiliates The 504 Company and Excelsior Growth Fund provided more than $4.3 million in alternative financing to small businesses. Thank you to the partners who make our work possible!

  • $150,000 loan to refinance debt for an appliance repair and maintenance company Monroe County, NY.
  • $306,000 loan to purchase equipment for a brewery in Albany County, NY.
  • $1,898,000 loan to purchase real estate for a hotel in Erie County, NY.
  • $150,000 loan to purchase real estate for a child care center in Schenectady County, NY.
  • $1,045,000 loan to purchase real estate for a home furnishing store in Queens County, NY.
  • $451,000 loan to purchase real estate for a restaurant in Nassau County, NY.
  • $56,000 loan to refinance debt for a chocolate wholesaler in New York, NY.
  • $100,000 loan for leasehold improvements for a real estate company in Queens County, NY.
  • $55,000 loan for working capital for a professional services company in Westchester County, NY.
  • 100,000 loan for working capital for a grocery merchant wholesalers in New York, NY.
  • $30,000 loan for working capital for a professional services company in New York, NY.

We offer a full suite of alternative small business financing products including SBA 504, 7(a) and Community Advantage loans, as well as online loans. Interested in partnering? Contact us today!

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