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 affiliates provided $1,181,000 in alternative financing to hard-working small...
Whether your business clients need to refinance debt, purchase real estate, or has a working capital...
Our team finished 2019 strong by providing more than $2,000,000 to help businesses in New York...
Our team of professional lenders are working hard this holiday season to provide financing solutions...
Our team of expert lenders are working hard every day to provide financing solutions for small...