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Loan Closings: Week of June 19, 2017

Monday, June 26, 2017
Loan Closings: Week of June 19, 2017

Last week, NYBDC and affiliates The 504 Company and Excelsior Growth Fund provided more than $1.2 million in alternative financing to small businesses. Thank you to the partners who make our work possible! $433,000 loan to purchase real estate for...

Loan Closings: Week of June 12, 2017

Tuesday, June 20, 2017
Loan Closings: Week of June 12, 2017

Last week, NYBDC and affiliates The 504 Company and Excelsior Growth Fund provided more than $6.8 million in alternative financing to small businesses. View our list of recently funded loans.

Loan Closings: Week of June 5, 2017

Thursday, June 15, 2017
Loan Closings: Week of June 5, 2017

Last week, NYBDC and affiliates The 504 Company and Excelsior Growth Fund provided more than $7 million in alternative financing to small businesses. View our list of recently funded loans.

New York Business Development Corporation Announces New Board Members

New board members at New York Business Development Corporation were recently announced.

Sanders & Sons - Buffalo, NY

Wednesday, December 7, 2016
Sanders & Sons - Buffalo, NY

The future was looking bleak for Joseph A. Sanders & Sons in 2013. Construction began plummeting in Buffalo three years earlier, and the third-generation roofer had mounted $1 million in losses during that time. Operations were being funded...

Dakota Environmental Services - Boonville, NY

Anna Hadyk and her asbestos-abatement firm, Dakota Environmental Services LLC, enjoyed substantial growth since taking advantage of three separate borrowing opportunities with NYBDC. The first loan, made in 2009 for $150,000, supplied money for...

A-M Electric Inc. - Syracuse, NY

Wednesday, November 30, 2016
A-M Electric Inc. - Syracuse, NY

“The forms and the structure they require is exactly what a business needs. It’s very focused, very tight,” Herbert says. “I learned how to manage money per project, rather than just circulate it. It allowed me to see my costs...

NBT Bank's Hallak-Serwatka Named Lender of the Year

UTICA, NY (August 11, 2016) – NBT Bank Regional President John Buffa announced that Senior Commercial Banking Relationship Manager Mary Ann Hallak-Serwatka has been named the 2016 Lender of the Year by the New York Business Development...

Salty Road - New York, NY

Monday, July 11, 2016
Salty Road - New York, NY

Back in 2011, Marisa Wu, owner of Salty Road, an artisanal salty water taffy manufacturer, decided it was time to move her business to a factory of its own. Through NYBDC's Industrial Neighborhood Business Fund (previously the Food Manufacturers'...

Kevin O'Leary Promoted to SVP and New York Metro Team Leader

Kevin O’Leary was promoted to senior vice president and New York Metro team leader from vice president at the New York Business Development Corporation (NYBDC).  In this position, he is responsible for managing a team of lenders and all of...

EGF Signs Small Business Bill of Rights

Excelsior Growth Fund (EGF) has signed the Small Business Borrower’s Bill of Rights as a sign of its strong commitment to responsible, ethical, and transparent lending practices.

Expansion of Buffalo Building Reuse Project Loan Fund Boosts Potential for Redevelopment Opportunities in Downtown Buffalo

The Buffalo Niagara Partnership and the City of Buffalo announced today that a loan fund created through the Buffalo Building Reuse Project (BBRP) has significantly increased its capacity to spur redevelopment projects in downtown Buffalo.

Mangino Buick - Ballston Spa, NY

Tuesday, October 6, 2015
Mangino Buick - Ballston Spa, NY

When traditional financing was not an option, a loan through NYBDC affiliate, The 504 Company, provided the funds for Mangino Buick to build a state-of-the-art dealership that helped grow their business and create new jobs.

Excelsior Growth Fund Launches Online Lending Platform

Excelsior Growth Fund, a not-for-profit CDFI and NYBDC affiliate, launched an online lending platform to provide affordable capital to small business through a simple online portal.

Etsy.org Launches a Business Education Program

Etsy recently announced the creation of The Regenerative Entrepreneur NYC Program Pilot, a business education program for entrepreneurs.

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