Become One of NYBDC’s 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 in no particular order 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.
- 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.
Please review our list of current bank partners >
Learn more about NYBDC's Loan Programs, Board of Directors and Shareholders
NYBDC utilized four core programs to execute the Company goal to provide responsive, creative, prudent and cost-effective financing solutions for New York State’s small businesses to support jobs creation and/or retention. In addition to our core programs, NYBDC works with our banking partners to provide our "Another Look" program, which enables our bank partners to provide their customers with a final alternative to their internal "Second Look" programs.
Click on the below buttons for more information on our core Loan Programs, Board of Directors and Shareholders.
Subscribe to our mailing list to stay up-to-date with the latest news from NYBDC.
Our team of expert lenders strive to help small businesses grow every day. Last week we provided...
Our lending team finished the month of October strong by providing over $2.5 million to help...
Our team of expert lenders provided $2,231,000 in alternative financing last week for four...
Last week our team closed five loans totaling $7.5 million for New York State businesses. With the...
Each year, The Long Island Business Development Council (LIBDC) inducts new members into its hall of...