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The 504 Company Announces New Board and Loan Committee Members

The 504 Company Announces New Board and Loan Committee Members

(ALBANY, NY)   The 504 Company, a leading provider of alternative small business financing, has announced the appointment of new directors to its Board of Directors and Loan Committee.

Recent appointments to The 504 Company Board of Directors are Mary Bintz, Sales Associate at Coldwell Banker Prime Properties, Kale B. Gaston, Senior Vice President at Bank of America N.A., Oliver Kardos, KeyBank N.A., James Murphy, Senior Vice President at National Union Bank of Kinderhook, and Michael V. Shepherd, East Regional Manager for Chase Specialty Finance.

Additionally, Donald DiMartini, Senior Vice President at Citibank and Eleni Monios, Group Vice President and Metro Market Manager for M&T Bank were appointed to The 504 Company’s Loan Committee, which is responsible for guiding credit decisions at the organization.

Patrick MacKrell, President and CEO and Herbert Chorbajian, Chairman of the Board welcomed the new directors and committee members at recent meetings. “Together, these additions to our Board of Directors and loan committee bring decades of experience in small business lending to our organization,” said Patrick MacKrell. “We are pleased to have them on board and will benefit greatly from their experience and perspective.”

About The 504 Company

We are mission-driven alternative lenders that provide creative financing solutions to help are We are mission-driven alternative lenders that provide creative financing solutions to help small businesses thrive. Throughout our 61-year history, we have provided thousands of small businesses—including start-ups, mature businesses, and minority- and women-owned businesses—with access to loans when they do not meet the requirements for traditional financing. We offer access to a suite of financing options that includes SBA 504 and Community Advantage loans, as well as online alternative loans, throughout New Jersey, New York, and Pennsylvania.

 

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