“The forms and the structure they require is exactly what a business needs. It’s very focused, very tight,” Herbert says. “I learned how to manage money per project, rather than just circulate it. It allowed me to see my costs...
When traditional financing was not an option, a loan through NYBDC affiliate, The 504 Company, provided the funds for Mangino Buick to build a state-of-the-art dealership that helped grow their business and create new jobs.
Brooklyn-based, Nextdoorganics, was able to expand and accelerate growth through a Community Advantage loan.
Hi-Lite Airfield Services, which began as a highway and airport-striping business 25 years ago, has developed into an industry-leading airfield contractor. Find out how the business accessed capital to grow and expand.
The Capital Access loan program helped ship owner, Milos Simovic, access the funding needed to renovate his 125-foot fishing trawler into an expedition and research yacht.
The 504 and 7(a) loan program was used to help Z-Axis, a Rochester based manufacturing company, buy the business, access funds for working capital and equipment purchases.
A loan through the Brooklyn Fund helped the owners of Fresh Fanatic Inc. pay off existing debt, as well as renovate and expand their 5,000 square-foot grocery store in Clinton Hills.
Felix Schwartz and Nataliya Antipova were discouraged by the terms offered by traditional lenders when they sought funding for their fifth Edible Arrangements location. They then discovered they were a good fit for The Brooklyn Fund.
The 504 Company approved a loan to help the owners of The Live Well Company expand beyond their home-based personal training studio and open and renovate a brick-and-mortar studio in NYC.
Since receiving an SBA 504 loan in 2008, Joseph Whaley, owner of 5th Avenue Chocolatiere, has grown his company to new heights. Today, the Chocolate Works franchise has expanded to 11 retail outlets and Whaley is finalizing his second 504 loan.
An SBA loan helped the owners of Buffalo Boss establish their organic chicken wing brand throughout Brooklyn.
The Stony Brook University Incubator program connected Long Island pickle company, Divine Brine, with The 504 Company. The business received a loan through the Community Advantage program.
The Small Business Jobs Act's 504 Refinance Loan program helped refinance this business owner's debt at better rates and terms.
The Small Business Jobs Act's 504 Loan Refinance program helped the owner of Sleepworks Mattress and Furniture to refinance existing debt, allowing the business owner to expand and open additional stores.