The future was looking bleak for Joseph A. Sanders & Sons in 2013. Construction began plummeting in Buffalo three years earlier, and the third-generation roofer had mounted $1 million in losses during that time. Operations were being funded...
“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...
UTICA, NY (August 11, 2016) – NBT Bank Regional President John Buffa announced that Senior Commercial Banking Relationship Manager Mary Ann Hallak-Serwatka has been named the 2016 Lender of the Year by the New York Business Development...
Back in 2011, Marisa Wu, owner of Salty Road, an artisanal salty water taffy manufacturer, decided it was time to move her business to a factory of its own. Through NYBDC's Industrial Neighborhood Business Fund (previously the Food Manufacturers'...
Kevin O’Leary was promoted to senior vice president and New York Metro team leader from vice president at the New York Business Development Corporation (NYBDC). In this position, he is responsible for managing a team of lenders and all of...
Excelsior Growth Fund (EGF) has signed the Small Business Borrower’s Bill of Rights as a sign of its strong commitment to responsible, ethical, and transparent lending practices.
Expansion of Buffalo Building Reuse Project Loan Fund Boosts Potential for Redevelopment Opportunities in Downtown Buffalo
The Buffalo Niagara Partnership and the City of Buffalo announced today that a loan fund created through the Buffalo Building Reuse Project (BBRP) has significantly increased its capacity to spur redevelopment projects in downtown Buffalo.
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.
Excelsior Growth Fund, a not-for-profit CDFI and NYBDC affiliate, launched an online lending platform to provide affordable capital to small business through a simple online portal.
Etsy recently announced the creation of The Regenerative Entrepreneur NYC Program Pilot, a business education program for entrepreneurs.
Brooklyn-based, Nextdoorganics, was able to expand and accelerate growth through a Community Advantage loan.
- Published in Featured News,
NYBDC Affiliate, The 504 Company, named 2015 Community Advantage Lender of the Year by U.S. Small Business Administration
The 504 Company has been selected by the SBA as the 2015 Community Advantage Lender of the Year. The award will be presented at a ceremony and reception at the White House, on Friday, May 8, during National Small Business Week.
Are you a small business owner in Westchester? Attend the Grow Conference on May 1, 2015 to access valuable resources for your business. Click to learn more.
- Published in General News
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.