The 504 Company has recently opened offices in Fort Lee and Farmingdale to expand access to capital to small business owners in the New Jersey region.
Latest 504 News
Brooklyn-based, Nextdoorganics, was able to expand and accelerate growth through a Community Advantage loan.
The 504 Company CEO, Pat MacKrell, discusses successes in 2014 and goals for 2015.
The 504 Company named 2015 Community Advantage Lender of the Year by U.S. Small Business Administration
The 504 Company has been selected by the SBA as the 2015 Community Advantage Lender of the Year. The award will be presented at a ceremony and reception at the White House, on Friday, May 8, the final day of National Small Business Week.
Hi-Lite Airfield Services, which began as a highway and airport-striping business 25 years ago, has developed into an industry-leading airfield contractor. Find out how the business accessed capital to grow and expand.
The Capital Access loan program helped ship owner, Milos Simovic, access the funding needed to renovate his 125-foot fishing trawler into an expedition and research yacht.
Upcoming Event: Learn about Community Lending at the Yonkers Brewing Company
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.