Brooklyn Chamber and NYBDC Awards $430,000 in 'Brooklyn Fund' Loans to Two Local, Immigrant-Owned Businesses
New York Business Development Corporation, in partnership with the Brooklyn Chamber of Commerce, has approved the first two loans under 'The Brooklyn Fund' to local, immigrant-owned businesses.
Longtime engineering hardware company, Nielsen Hardware, was able to remain a local business thanks to the Binghamton Local Development Corporation, First Niagara Bank and New York Business Development Corporation.
After speaking at the SBA's Secondary Market Forum NYBDC President, Pat MacKrell, gives further insight into how NYBDC leverages lending partners to help finance businesses.
Community Partner Highlight: Lourdes Zapata, Senior Vice President and Jamila Diaz, Senior Director, Business Services, at SoBro
South Bronx Overall Economic Development Corporation has been assisting Bronx businesses since 1972. Find out what initiatives they've undertaken in this week's Community Partner Highlight.
The annual SBA New York Office Lending Awards Ceremony took place December 3rd in Jamaica, New York. NYBDC, along with many other accomplished lenders, was recognized for their achievements.
Joe Whaley is the owner of a chocolate company in Valley Stream, NY. As a Veteran of the Iraq war he utilized the VetLoan Advantage program to help finance his business.
In 2005, when Captain Jerry Gertz of Erie Canal Cruises wanted to purchase a larger boat, he turned to NYBDC for financing. The project was so successful, he looked to NYBDC again in 2011 when purchasing an even larger boat.
NYBDC Volunteers through The Tunnel to Towers Foundation to Rebuild Staten Island Homes Damaged by Sandy
On Saturday November 16th, thirty NYBDC employees volunteered to help rebuild two houses damaged by Hurricane Sandy in Staten Island, NY.
The owners of One Stop Digital Blueprinting used the SBA 504 Program to finance the purchase of a larger printing space in Brooklyn, New York.
Community Partner Highlight: David Meade, Executive Director and Mary Kuhn, Business Development Manager at SBIDC
Southwest Brooklyn Industrial Development Corporation has been serving businesses in the neighborhoods of Sunset Park, Red Hook, and Gowanus for over 35 years. Read more about how they help small businesses in this week's Community Partner Highlight.
Dr. Laura Wade had always wanted to open her own specialty animal practice. With the help of The 504 Company and The Bank of Akron, she was able to turn her dream into a reality.
NYBDC and Tioga State Bank helped the owners of Indian Valley Industries secure a 7a loan to purchase their business in 2008. When the owners were looking to expand in 2012, they again looked to NYBDC and Tioga State bank for their financing needs.
NADCO and The Society of Industrial and Office Realtors present the first-ever Finance Solutions Pavilion at SIOR's Annual Convention in Chicago. Tom McHale attended to represent The 504 Company.
NYBDC and EWVIDCO hosted a meeting to discuss the progress of The Food Manufacturer's Growth Fund and to hear from the various City-based service providers about the needs of food businesses in their areas.
TurnKey Internet, a full service hosting provider and data center based in the Capital-region, utilized the 504 program to finance their expansion. Since then, TurnKey has doubled their employees and been able to purchase green technology.