ACCESSING CAPITAL: Helping Creative Businesses Purchase Real Estate

Thinking about expanding your business or buying a property for your business to work out of, so you have greater stability and are no longer paying a landlord?

Learn about the SBA 504 loan, to purchase real estate for your business which can involve as little as 10% down, depending upon your business income and the property. The 504 Loan Program provides small businesses with long-term, fixed-rate financing to purchase commercial property or machinery that can be used for expansion or modernization of current business.

This presentation will be given by guest speaker, Rafael A. Roger, the Executive Director of SBA 504 Lending for The Business Initiative Corporation of New York (“BICNY”). BICNY helps entrepreneurs and companies gain access to private and public funding around New York State. Rafael is responsible for developing SBA 504 loans by connecting banks and other referral sources and addition to overseeing the further development of SBA 504 lending, he oversees BICNY’s SBA 504 loan portfolio. BICNY has been featured in Crain’s Magazine, including the “NY Area’s Largest SBA-Guaranteed Loans” list. BICNY has provided over $93 million in loans to businesses in The Bronx and throughout New York State which helped leverage over $361 million from banks and private equity investments. As of September 2020, these loans have retained and created 1,883 jobs. BICNY has received three “Bronze Awards” from the US SBA New York District Office.