When Runner & Stone, an artisanal bread baking business, sought to expand beyond its food stand at Brooklyn's outdoor market Smorgasburg, owners Christopher Pizzulli and Peter Endriss were unable to find bank financing. NYBDC was able to help.
The SBA Office of Advocacy released their Quarterly Employment Bulletin, which highlights small business employment data from the fourth quarter of 2013.
This unique business accessed capital to finance the conversion of a former warehouse into a soundproof studio where they record sounds for film and television soundtracks.
The Superstorm Sandy Emergency Loan Program helped Lucky's Real Tomatoes rebuild after the Brooklyn-based business was severely damaged by the storm.
Vito DiMatteo, owner of Will2Lose Fitness Club, utilized the SBA 504 program to purchase the building his fitness center is located in. The Scarsdale business owner is enjoying much success and was recently featured in 914 Inc. Magazine.
NYBDC has approved a $100,000 grant to Red Hook Initiative (“RHI”) in support of their 500 Futures campaign.
NYBDC loan officers, Yuri Schmidt and Arami Jung will be featured panelists at the upcoming Small Business Seminar. Click below for registration details.
- Published in General News
NYBDC Makes Donations to Six Brooklyn Area Food Pantries to Honor Outgoing Brooklyn President and Local Banker
New York Business Development Corporation Foundation today made six $1,000 donations to Brooklyn food pantries to honor outgoing Brooklyn Borough President Marty Markowitz and TD Bank’s Phil Stenger.
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.