Loan Closings: Week of November 13, 2017

Monday, November 20, 2017 / Published in Featured News, General News
Loan Closings: Week of November 13, 2017

Last week, NYBDC and affiliates The 504 Company and Excelsior Growth Fund provided more than $8.2 million in alternative financing to small businesses. Thank you to the partners who make our work possible!

  • $350,000 loan to purchase real estate for a fitness and sports recreational center in Dutchess County, NY.
  • $150,000 loan for working capital for an apparel manufacturing company in New York, NY.
  • $5,887,000 loan to purchase real estate for a hotel in Niagara County, NY.
  • $386,000 loan to purchase real estate for a furniture store in Suffolk County, NY.
  • $1,166,000 loan to purchase real estate for a transit and transportation company in Bronx County, NY.
  • $30,000 loan for leasehold improvements for a diner in Oswego County, NY.
  • $100,000 loan for working capital for a retail trade company in New York, NY.
  • $40,000 loan for working capital for a career counselling company in Westchester County, NY.
  • $100,000 loan for working capital for an alcoholic beverage company in Kings County, NY.
  • $6,450 loan for working capital for a food manufacturer in Kings 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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