Upcoming Event: Learn about Community Lending at the Yonkers Brewing Company
Latest 504 News
The 504 and 7(a) loan program was used to help Z-Axis, a Rochester based manufacturing company, buy the business, access funds for working capital and equipment purchases.
Empire State CDC: The 504 Company was recognized by the SBA as the top Community Advantage lender in the nation.
A loan through the Brooklyn Fund helped the owners of Fresh Fanatic Inc. pay off existing debt, as well as renovate and expand their 5,000 square-foot grocery store in Clinton Hills.
Felix Schwartz and Nataliya Antipova were discouraged by the terms offered by traditional lenders when they sought funding for their fifth Edible Arrangements location. They then discovered they were a good fit for The Brooklyn Fund.
The 504 Company approved a loan to help the owners of The Live Well Company expand beyond their home-based personal training studio and open and renovate a brick-and-mortar studio in NYC.
The annual SBA New York Office Lending Awards Ceremony took place November 21 in Jamaica, New York. The 504 Company, along with many other accomplished lenders, was recognized for their achievements.
The SBA Syracuse District Office released the 2014 fiscal year lending report, which shows that loans approvals are on the rise.
Since receiving an SBA 504 loan in 2008, Joseph Whaley, owner of 5th Avenue Chocolatiere, has grown his company to new heights. Today, the Chocolate Works franchise has expanded to 11 retail outlets and Whaley is finalizing his second 504 loan.
An SBA loan helped the owners of Buffalo Boss establish their organic chicken wing brand throughout Brooklyn.
Find out the answer to this week's question.
The Stony Brook University Incubator program connected Long Island pickle company, Divine Brine, with The 504 Company. The business received a loan through the Community Advantage program.
The Small Business Jobs Act's 504 Refinance Loan program helped refinance this business owner's debt at better rates and terms.
NADCO's September SBLR shows that SBA 504 Interest Rates are favoring the borrower.
The Small Business Jobs Act's 504 Loan Refinance program helped the owner of Sleepworks Mattress and Furniture to refinance existing debt, allowing the business owner to expand and open additional stores.