Thursday, January 25, 2007

Favorable Commercial Loan Program

I spoke on a finance panel with Dan Vaccaro last year at the NYU Entrepreneurship Conference. He wrote an article in this month's New York Enterprise Report about a favorable way for New York businesses to obtain commercial loans for the purchase of property and and equipment with only 10% cash down (as opposed to the typical 20% down) by financing 60% of the loan through a traditional bank, and 40% through a certified development corportaion, for example the Empire State Certified Development Corp.

Something to keep in mind for the future.

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