Partner Banks
Community Partners
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Our Partner Banks
NYBDC is a complement to conventional banking, working
in partnership with banks to provide term loans, many of which
do not meet the requirements for traditional financing. Our goal
is to be more creative in our underwriting. In many cases, we include
multiple participations, SBA guarantees, flexible amortization
and long-term payouts.
Here are five reasons why a bank would want
to partner with NYBDC to promote small business lending:
Reduce
risk – When
we partner with a bank to make a loan, we share the risk.
Increase
small business lending – Banks
can provide more loans to more businesses by a partnership with
NYBDC-Business New York.
Obtain CRA credit – Making a loan
with NYBDC, referring a borrower to us or participating in one of our lending
programs all provide banks with components of CRA credit.
Increase your
profit – We structure,
evaluate, process and service loans, freeing banks to move on to
making the next deal.
Make more loans – Working
with NYBDC helps banks make more loans when credit standards are
not met or when restricted by legal lending limits.
NYBDC Partner
Banks:
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Adirondack Bank
Adirondack Trust
Company
Alliance Bank
Alpine Capital Bank Amalgamated Bank
of New York
American Community Bank
Apple Bank for Savings
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Hudson United Bank
Hudson
Valley Bank
Independence Community Bank
Israel Discount
Bank of New York
Jamestown Savings Bank |
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