Loan Closings: Week of November 6, 2017

Wednesday, November 15, 2017 / Published in Featured News, General News
Loan Closings: Week of November 6, 2017

Last week, NYBDC and affiliates The 504 Company and Excelsior Growth Fund provided more than $5.5 million in alternative financing to small businesses. Thank you to the partners who make our work possible!

  • $877,000 loan to purchase real estate for a new cars dealership in Queens County, NY.
  • $115,000 loan for working capital for a barber shop in Suffolk County, NY.
  • $300,000 loan to refinance debt for a lumber store in Rensselaer County, NY.
  • $589,600 for construction for a technical and trade school in Queens County, NY.
  • $45,000 loan for working capital for a beer-focused bar in Kings County, NY.
  • $3,149,000 loan to purchase real estate for a food service contractor in Queens County, NY.
  • $317,000 loan to purchase real estate for a technical and trade school in Kings County, NY.
  • $50,000 loan for working capital for a full-service restaurant in Richmond County, NY.
  • $60,000 loan for working capital for a landscaping company in Somerset County, NJ.
  • $30,000 loan for leasehold improvements for a diner in Oswego County, NY.

We offer a full suite of alternative small business financing products including SBA 504, 7(a) and Community Advantage loans, as well as online loans. Interested in partnering? Contact us today!

 

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