Become One of NYBDC’s Partner Banks
NYBDC is a complement to conventional banking, working in partnership with banks to provide term loans, many of which do not meet the requirements for traditional financing. Our goal is to be more creative in our underwriting. In many cases, we include multiple participations, SBA guarantees, flexible amortization and long-term payouts.
Here are five reasons in no particular order why a bank would want to partner with NYBDC to promote small business lending:
- Reduce risk – When we partner with a bank to make a loan, we share the risk.
- Increase small business lending – Banks can provide more loans to more businesses by a partnership with NYBDC.
- Obtain CRA credit – Making a loan with NYBDC, referring a borrower to us or participating in one of our lending programs all provide banks with components of CRA credit.
- Increase your profit – We structure, evaluate, process and service loans, freeing banks to move on to making the next deal.
- Make more loans – Working with NYBDC helps banks make more loans when credit standards are not met or when restricted by legal lending limits.
Please review our list of current bank partners >
Learn more about NYBDC's Loan Programs, Board of Directors and Shareholders
NYBDC utilized four core programs to execute the Company goal to provide responsive, creative, prudent and cost-effective financing solutions for New York State’s small businesses to support jobs creation and/or retention. In addition to our core programs, NYBDC works with our banking partners to provide our "Another Look" program, which enables our bank partners to provide their customers with a final alternative to their internal "Second Look" programs.
Click on the below buttons for more information on our core Loan Programs, Board of Directors and Shareholders.
Latest Loan Approvals
NYBDC’s Bank partnerships are essential to us getting much needed capital in hands of small businesses throughout NY State.
Statewide Approvals: August 1 - August 31
|Business Type||City||Lending Partner||Referral Source||Total Amount|
|Sports and Recreation Instruction||Port Chester||N/A||Direct Contact||150,000|
|Limited Service Restaurant||Albany||N/A||Joe Landy||125,000|
|Drinking Places||Massapequa||N/A||Direct Contact||100,000|
|All Other Professional, Scientific and Technical Services||New York||N/A||Jesse Karasin||100,000|
|All Other Professional, Scientific and Technical Services||Central Islip||JP Morgan Chase Bank||Maxine Rhabb||1,462,000|
|Other Miscellaneous Nondurable Goods Merchant Wholesalers||New York||Wells Fargo Bank||Michelle Orr||775,000|
|Landscaping and Snow Removal||Ossining||Sterling National Bank||Thomas Goff||321,000|
|Full-Service Restaurants||Poughkeepsie||Rhinebeck Savings Bank||Roy Shemitz||207,000|
|All Other Amusement and Recreation Industries||Albany||N/A||Joe Landy||150,000|
|Independent Artists, Writers and Performers||Haworth||N/A||Raj Tulshan||100,000|
|Mobile Food Service||Brooklyn||N/A||Direct Contact||90,000|
|Apparel Accessories and Other Apparel Manufacturing||Albany||N/A||Ricardo Devallon||50,000|
|Supermarkets and Other Grocery (except convenience) Stores||Dexter||Watertown Savings Bank||Charles Capone||481,941|
|Home and Garden Equipment Repair and Maintenance||Mahopac||People's United Bank||Steve Trowe||120,575|
|Full Service Restaurant||Glen Cove||N/A||Lou Iacucci||300,000|
|Drinking Places||Auburn||N/A||Joe Vitale||150,000|
|Frozen Food Manufacturer||Jersey City||N/A||Ulas Neftci||220,000|
|Drywall Insulation Manufacturer||Brooklyn||Bank of America||Redwan Kabir||886,000|
|Other Building Material Dealers||Islandia||Wells Fargo Bank||Sean Gallagher||685,000|
|Veterinary Services||Nunda||Steuben Trust Company||Jacob Rease||407,000|
|Sports and Recreation Instruction||Croton-on-Hudson||JP Morgan Chase Bank||Rosemary McClelland||434,000|
|Electronic Shopping||Middletown||Hudson Valley Federal Credit Union||Beth Lallis||373,000|
|All Other Consumer Goods Rentals||Elmont||Nassau Educators Federal Credit Union||David Sargoy||332,000|
|All Other Miscellaenous Fabricated Metal Product Manufacturing||Poughkeepsie||Ulster Savings Bank||Donna Goodall||288,000|
|Medical, Dental and Hospital Equipment and Suppleis Merchant Wholesalers||South Plainfield||Two River Community Bank||N/A||1,169,800|
|Petrochemical Manufacturing||Saratoga Springs||First Niagara Bank, N.A.||Robert Mesick||1,312,000|
|Consumer Electronics and Appliances Rental||Homesdale||First Commercial Capital||Troy Stringam||518,000|
|Insurance Agencies and Brokerages||Liverpool||M&T Bank||Scott Becker||281,954|
|Full Service Restaurant||White Plains||N/A||Anthony Pili||480,000|
|Other Specialized Design Services||New York||N/A||Existing Client||150,000|
|Pet Care (except Veterinary) Services||Austerlitz||Chemung Canal Trust Company||Joel Crimmins||973,000|
|Offices of Physical, Occupational and Speech Therapists and Audiologists||Huntington||N/A||Ed Tavaglianti||289,000|
|Office Equipment Merchant Wholesalers||Syracuse||N/A||Direct Contact||200,000|
|Formal Wear and Costume Rental||Massapequa||N/A||N/A||175,000|
|All Other Personal Services||Lockport||N/A||Mike Wydysh||775,000|
|All Other Personal Services||Lockport||Five Star Bank||Mike Wydysh||1,375,000|
|Iron & Steel Pipe Type Manufacturing from Purchased Steel||Plainview||N/A||Robert Morel||1,548,225|
|Medical Laboratories||Poughkeepsie||Putnam County Savings Bank||William Melcher||1,500,000|
|Prefabricated Metal Building and Component Manufacturing||Freeport||N/A||Val Miceli||725,000|
|Ful Service Restaurant||Glen Cove||N/A||Lou Iacucci||365,000|
|Limited Service Restaurant||Ovid||First Niagara Bank, N.A.||Daniel Bausch||718,000|
|Engineering Services||New York||N/A||Direct Contact||100,000|
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