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Important Notice: Debenture Funding Schedule

Click here to read the release from Development Company Finance LLC regarding the Debenture Funding schedule.

Lender Q&A: 504 Occupancy Requirements

Friday, October 4, 2013
Lender Q&A: 504 Occupancy Requirements

This week's Lender Q&A answers the question: How long does a business have to meet 504 occupancy requirements?

NYBDC is Recognized for Continued Commitment to NYC's Small Businesses

NYBDC President Pat MacKrell, was recognized by Mayor Michael Bloomberg earlier this week to acknowledge NYBDC's commitment to helping businesses throughout New York City.

Druthers Brewing

Tuesday, October 1, 2013
Druthers Brewing

Brothers Chris and Brian Martell decided to pursue their dream of brewing beer as a career. With the help of NYBDC, they secured a 504 loan to purchase and renovate their space in Saratoga, NY. Click here to read the story of Druthers Brewing.

Lender Q&A: Refinancing a 7(a) Loan

Thursday, September 26, 2013
Lender Q&A: Refinancing a 7(a) Loan

This week's Lender Q and A asks: Can you refinance a 7(a) loan with a 7(a) loan? Click below to find out the answer.

Blue Marble Ice Cream

Tuesday, September 24, 2013
Blue Marble Ice Cream

Blue Marble Ice Cream manufactures, wholesales and retails artisanal organic ice cream. When financing was needed to expand the wholesale operation of the company, as well as to finance a new retail location in Manhattan, NYBDC was able to help.

Lender Q&A: Start-up Business vs. Extension of an Existing Business

NYBDC lenders are helping to answer questions that arise during the loan process. In this week's Lender Q&A, NYBDC's Tom McHale, discusses the differences between a start-up business and the extension of a business.

Bay Street Animal Hospital

Thursday, September 5, 2013
Bay Street Animal Hospital

Owners Dr. Theresa Cavallaro and Dr. Robert Cohen had recently financed the expansion their animal hospital using NYBDC funding when Hurricane Sandy destroyed the renovations. They were able to access emergency loan funds to rebuild their business.

Community Partner Highlight: Marcus Mayo, Co-Founder, IncubateNYC

This week's Community Partner Highlight features Marcus Mayo of IncubateNYC. Learn more about how this organization helps first-time entrepreneurs start and grow their business.

 Community Partner Highlight: Robinson Hernandez, Executive Director and Michael Kim, Senior Client Manager at NBAT

The New Business Acceleration Team coordinates the agency inspections needed for eating and drinking businesses to open in NYC. NBAT's Robinson Hernandez and Michael Kim discussed how they accomplish this in this week's Community Partner Feature.

Resolute Digital

Tuesday, August 27, 2013
Resolute Digital

When this Digital Ad Agency's growth meant the need for a new space, the 504 loan program proves to be the right solution for financing.

NYS Comptroller Thomas DiNapoli Announced NYBDC Loan to Nirvana Water

NYBDC helps fund Boonville business, Nirvana Water. On Wednesday, August 21st, NYS Comptroller Thomas DiNapoli visits the company headquarters to make the announcement of the loan.

Healthy Heart Food Service, Inc.

Thursday, August 22, 2013
Healthy Heart Food Service, Inc.

Healthy Heart Food Service provides meals for senior citizens, day care centers, schools and more. When presented with the opportunity to purchase their building in Brooklyn, they turned to JP Morgan Chase bank and NYBDC for 504 loan funding.

Community Partner Highlight: Paul Quintero, CEO at Accion East and Online

This week's Community Partner Highlight features Paul Quintero of Accion. Click here to read about how Accion helps small business entrepreneurs nationwide.

NYBDC Borrower, Ushers Machine & Tool Co. Inc., is featured in The Capital District Business Review

Ushers Machine & Tool Co. Inc., is a successful welding and machining business that has created more than fifty jobs in the Capital District. NYBDC helped fund the purchase of this business in 2008.

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