Financials
A Message from Our CFO
Owen Burns
Chief Financial Officer, NYBDC
Report on Operations – FY 2014
Adjusting (and Re-Adjusting) our Focus to Find and Fill the Gaps
Almost six decades ago, New York’s banks recognized the need for an additional resource to provide capital for small businesses so they could create jobs and opportunity in communities across New York State. They joined together with other public-minded companies interested in providing a resource for small businesses and created New York Business Development Corporation (NYBDC). Our enabling statute set the framework for a unique organization and also established our core mission: to create opportunity and promote prosperity by supporting the capital needs of small businesses to start, sustain and grow operations. From the beginning, NYBDC has been a bank crafted and funded alternative to address financing needs not filled by the commercial loan products available in the market. The work of NYBDC as an alternate lender is not separate or independent of its member banks, but instead represents our members’ commitment to serve small business – both directly through their own product offerings and indirectly through their support of NYBDC and its affiliates.
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Latest News
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Loan Closings: Week of April 16, 2018
Last week, NYBDC and affiliates provided more than $4.5 million in alternative financing. Whether... -
Loan Closings: Week of April 9, 2018
Last week, NYBDC and affiliates provided more than $4 million in alternative financing for small... -
Loan Closings: Week of April 2, 2018
Together with our affiliates Excelsior Growth Fund and The 504 Company, we provided more than $2.5... -
Loan Closings: Week of March 26,2018
NYBDC and affiliates finished off March strong by providing more than $3 million in alternative... -
Success Story: The Spotted Zebra Learning Center
At the Spotted Zebra Learning Center, students, parents and visitors alike are greeted by friendly...