Pay Off My Loan
Prepayments on SBA 504 loans are made on a monthly basis on the 3rd Thursday of every month. If you wish to pay your outstanding loan balance, you need to contact Empire State CDC in writing outlining your request. Empire State CDC must receive your written notice no later than the 25th day of the month prior to your prepayment date. For example, if your loan is to be prepaid in April, Empire State CDC must have your written notice by March 25th. Please provide the following information in your written notice to Empire State CDC:
- Month and date the loan is to be paid off (a 3rd Thursday)
- SBA loan number(s) and property address
- Your contact information, including phone number, email address and/or fax number
Date and sign the letter and send to:
Subscribe to our mailing list to stay up-to-date with the latest news from NYBDC.
Last week, NYBDC and its affiliates provided more than $3.5 million in financing for working capital...
NYBDC and affiliates The 504 Company and Excelsior Growth Fund strive to help small business grow by...
NYBDC and affiliates started the month of May off strong by providing more than $9 million in...
Necessity, as the saying goes, is the mother of invention. With her newborn baby having trouble...
NYBDC and affiliates The 504 Company and Excelsior Growth Fund are dedicated to helping small...