Bank Partners

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:

  1. Reduce risk – When we partner with a bank to make a loan, we share the risk.
  2. Increase small business lending – Banks can provide more loans to more businesses by a partnership with NYBDC.
  3. 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.
  4. Increase your profit – We structure, evaluate, process and service loans, freeing banks to move on to making the next deal.
  5. 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 
      TOTAL AMOUNT  20,962,485

 

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