One of the biggest expenses many small businesses face during this unprecedented time is the cost of rent and space. In the face of the current health crisis and resulting economic tsunami, many businesses will need to renegotiate their rent to survive. If you are in that situation, be sure to be prepared. We have…

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By: Rachael Dubin, Senior VP of Lending at Community Capital New York At Community Capital New York we have long understood that a solid credit score is an essential asset for building wealth, buying or renting a home or even pursuing an entrepreneurial venture. Be assured that lenders, landlords, insurers and vendors will examine your…

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Veteran's Day

A safe, affordable home, a reliable job, and access to health and business support are some of the building blocks that all people need to achieve well-being. In the case of Veterans, civilian life can present additional, unique challenges. Fernando Ahumada, VP of Lending at Community Capital New York notes “Vet2Vet’s holistic approach offers a…

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Building Business Credit

By: Kim Jacobs, President and CEO at Community Capital New York  When launching a new business, entrepreneurs quickly learn that their personal credit history and score really matters.  Lenders, landlords, insurers and vendors will be examining the business owner’s personal credit score to decide whether to do business with the company and to set interest…

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By: Rachael Dubin, Senior VP of Lending at Community Capital New York When applying for a small business loan, the first thing a lender will assess is the credit worthiness of the borrower. How do they do that? By looking at your credit score. The FICO credit score, which ranges from 300 to 850, is…

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As the temperatures rise, save on utility bills by making your business more energy efficient. Now is an exciting time in New York State to take a fresh look at energy. Community Capital New York is partnering with the New York State Energy Research and Development Authority (NYSERDA) and Cornell Cooperative Extension Dutchess to help…

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Doing What We Do...Better

Pinpointing Opportunities for Growth. Ours is a success story about how two organizations with aligned missions joined forces to innovate and improve how we meet the entrepreneurial training needs of small businesses. Two years ago Community Capital New York, an innovative small business lender, partnered with The Acceleration Project, a provider of strategic and tactical…

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In partnership with Fordham Law alumnus William Malpica and Fordham Law’s Entrepreneurial Law Clinic, Community Capital recently held a one day pop-up clinic to provide valuable one-on-one legal guidance to 12 small business clients. Directed by Professor Bernice Grant, the Entrepreneurial Law Clinic is a Fordham Law School, student run program that assists early stage,…

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For most small business owners, the decision to hire their first employee is not a small or easy one. Many small business owners are hesitant about adding a new hire to their team. It’s understandable. It’s a big decision and there are a lot of things to consider. We thought we’d help with the process by offering…

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