Small Business

What’s in a Credit Score?

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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Energy Efficient Businesses

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!

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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Pop-Up Legal Clinic at Community Capital

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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5 Questions to ask yourself before hiring a new employee

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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5 things to consider before setting a price for your goods and services

When it comes to setting an initial price, you can generally choose from one of three options: You can charge a premium price (this works best if you have a superior, value-added product or service), a lower-than-average discount price (which is generally hard for small companies to sustain), or a price that is in line with…

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4 steps to evaluating a new business opportunity

Growing a business, whether organically or by acquisition, is never easy. Today we’ll offer a quick way to  evaluate growth opportunities for your business. Following these four simple steps can keep you from pursuing unprofitable, costly new lines of business, partnerships or business acquisitions: Doing the Math Really Does Matter The first step in evaluating…

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Four Good Reasons to Pay Your Taxes

It’s that time of year again. The W-2s and 1099 are starting to arrive in the mail and before you know it, it will be March and then April 15th – Hello Tax-Time! No one enjoys paying taxes, but there are several reasons to do the best job you can of accurately reporting your income:…

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New Years’ ideas for your business in 2016

The New Year is always a great point in time to look back and then start afresh – are you ready to make 2016 be the best year yet? Are you planning a whole list of resolutions for your business or just looking for small improvements? Here are a few suggestions to help you start…

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