Greater New York Development Co.  a Division of Long Island Development Corporation, is a regional economic development, not-for-profit corporation which makes long term, affordable loans to small businesses and not-for-profit entities.  

145 Year Old Company
Expands with Help of
Innovative New Loan Fund


Sentinel Printing Co. is an example of a long standing small business which has undergone numerous transitions and changes to become the successful business it is today. The company traces its roots to 1858 when a local resident opened a print shop in Hempstead and started to publish a weekly paper called the Queens County Sentinel. MORE

Buffalo Food Products
Distributor Expands
   
 

Buffalo based Regional integrated Logistics Inc. (Regional) – in business since 1996- is expanding its food warehouse/ distribution business. Occupying a unique niche in the industry, Regional warehouses and distributes general merchandise and food products for other companies in need of warehouse & transportation outsourcing. MORE

  

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GNYDC Proudly Announces a New Lending Program
NEW MARKET LOAN FUND
 
For small business and not-for-profits - capital projects.
  ♦ Second mortgage loan
♦ Up to 40% of total project cost (loan dollar cap $2.5 million)
♦ Fixed rate
♦ Long term (20 - 30 years)
♦ Good Rate (based on treasury plus modest spread)
♦ Capital asset related
What makes it different from other programs?
  ♦ Available to small businesses or not-for-profit entities seeking to acquire/construct/renovate building, condo, coop, leasehold improvements, equipment
♦ Available to for profit small business seeking to refinance a building it already owns
♦ Available to for profit small business not eligible for SBA 504 (i.e. 504 requires 51% minimum occupancy - if the company is planning to occupy only 40 - 45% we can use this program)
Available throughout the Northeast, under the auspices of the nationally renowned Community Reinvestment Fund. Brings the benefits of the secondary market to our small business and not-for-profit community.
For Information Call Us at 866-433-5432 or email Us
 
 

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