BLUE MARBLE<br>ICE CREAM

BLUE MARBLE
ICE CREAM

Brooklyn, New York

Artisanal ice cream company secures funding to grow wholesale division

SCHOLET FURNITURE

SCHOLET FURNITURE

Oneonta, New York

Third generation furniture store owner expands with 504 loan

HEALTHY HEART<br>FOOD SERVICE

HEALTHY HEART
FOOD SERVICE

Brooklyn, New York

Provides meals for senior citizens, day care centers and schools

SPECIALIZED CARE FOR<br>AVIAN AND EXOTIC PETS

SPECIALIZED CARE FOR
AVIAN AND EXOTIC PETS

Clarence, New York

Specialized veterinarian in Western NY opens her own practice

ALCHEMY POST SOUND

ALCHEMY POST SOUND

Peekskill, New York

Produces sound for film and television soundtracks

Current 504 Rates:

5.28%
Less Than $1 Million: October 2014
504 20-Year Term
4.82%
Greater Than $1 Million: October 2014
504 20-Year Term

PATHWAYS FOR SUCCESS

BANKING PARTNERS -

Through the cooperative efforts of our lending partners, NYBDC's goal is to assist, promote and advance the business prosperity and economic welfare of the State of New York by providing loans to small businesses including start-up, early stage and mature businesses with a particular emphasis on minority and women owned businesses. We aim to be more creative in our underwriting. In many cases, we include multiple participations, SBA guarantees, flexible amortization and long-term payouts.

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POTENTIAL BORROWERS -

NYBDC works to provide New York small businesses with a number of diverse and unique products to help make financing options available for a wide variety of business needs. Working with our partners and the US Small Business Administration, we are here to help you find the products best suited for your business needs.

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Please note, NYBDC is capable of servicing our clients in the following languages:

  • Afrikaans
  • French
  • Italian
  • Ndebele
  • Swati
  • Albanian
  • Fuzhous
  • Korean
  • Romanian
  • Xhosa
  • Cantonese
  • Hebrew
  • Mandarin
  • Spanish 
  • Zulu

CURRENT BORROWERS -

NYBDC has a dedicated staff of loan specialists and portfolio administrators focused on helping you continue to be a successful borrower and grow your business. Please take advantage of the resources we provide for our current borrowers.

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COMMUNITY PARTNERS -

The success of our borrowers is uniquely tied to our network of statewide small business resource partners. From our technical assistance partners to local chambers, NYBDC continues to grow such partnerships and encourages our borrowers to take advantage of our resource partners nearest to their community.

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INDUSTRY PARTNERS -

We believe that small businesses are essential to the economic prosperity of our State. We utilize the US Small Business Administration's 7(a) and 504 programs amongst others to address the demonstrated need for additional capital for small businesses in our State.

We are continually learning from our lending activities and welcome the opportunity to share some of those lessons with our small business lending industry partners nationwide. 

  • We invite you to reference our President & CEO's thoughts on leading issues in the small business finance world. Learn more >
  • Stay up to date on critical small business financing publications. Learn more >

DAILY FEED

NYBDC is Awarded Small Business Leader Award for Mission-Driven Lenders
Read more +
Thursday, October 16, 2014 | Featured News, General News

NYBDC is Awarded Small Business Leader Award for Mission-Driven Lenders

Lender Q&A: What is the 9 month rule and does it still apply?
Read more +
Thursday, October 16, 2014 | Featured News, Lender Q&A

Lender Q&A: What is the 9 month rule and does it still apply?

Divine Brine Foods Inc. - Long Island, NY
Read more +
Tuesday, October 7, 2014 | Featured News, General News

Divine Brine Foods Inc. - Long Island, NY

MESSAGE FROM THE PRESIDENT

Please explore our website. If you have any comments or suggestions, please let me know.

Patrick J. MacKrell
President and CEO
SBA's 504 Loan Program is administered through NYBDC's affiliate, Empire State Certified Development Corporation: The 504 Company.
SBA's 504 Loan Program is administered through NYBDC's affiliate, Empire State Certified Development Corporation: The 504 Company.

This program is a fixed asset economic development program designed to promote growth and job creation in small and medium-size businesses.

The Excelsior Growth Fund is a not-for-profit organization committed to supporting the growth of jobs and economic opportunity throughout the underserved markets in New York State.
The Excelsior Growth Fund is a not-for-profit organization committed to supporting the growth of jobs and economic opportunity throughout the underserved markets in New York State.
This program provides flexible, creative and low cost financing for new and existing business impacting some of the more economically deprived communities statewide.

TESTIMONIALS

What are customer's saying about us?

  • “Our NYBDC loan officer guided us through the process step-by-step to get us to the day when our loan closed.”
    Tim Fuller, The Hidden Café
  • “Working with NYBDC was such a positive experience. ”
    Kelvin Gary, Body Space Fitness
  • “I would encourage others to pursue a 504 loan through NYBDC.”
    Art Scholet, Scholet Furniture
  • “By working with NYBDC and Tioga State Bank we gained a lot of knowledge about different aspects of getting the financial backing we needed. It’s been such a good experience that we became a repeat customer. ”
    Kent Pennell, Indian Valley Industries
  • “The reduced equity requirement and the ability to lock into a rate for 20 years, rather than the 10 years that is typical for a self-storage facility, made it economically feasible for us to do something with the building. ”
    Martin Racanelli, Racanelli Construction Company
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