Julieta Parra McPherson and Carlos Hernandez have joined Community Capital New York as Vice Presidents, Lending.
Community Capital New York is an alternative lender serving the Hudson Valley, providing start up and business expansion loans to small businesses unable to qualify for traditional financing due to the age of the business, credit or collateral issues; loans to not for profit organizations; and critical “gap” financing to affordable housing development.
In the role of Vice President, Lending, Ms. McPherson and Mr. Hernandez will contribute to Community Capital’s mission of creating economic opportunity for a strong portfolio of borrowers across all product lines, including making small business loans, loans to affordable housing developers and loans to not for profit and social enterprises. They will also provide one-on-one, bi-lingual coaching and support to borrowers, part of the more than 3,000 hours of business development services Community Capital provides annually. This business development assistance contributes directly to 89% of Community Capital’s small business loan clients remaining in business four years after launch.
Ms. McPherson, who will be responsible for Westchester County, has extensive experience training small businesses and micro-entrepreneurs in the areas of business development, marketing, customer service and finance. Most recently she developed a series of entrepreneurial training programs for the Women’s Enterprise Development Center (WEDC), the Child Care Council of Westchester and the White Plains Library. Prior to relocating to Mt. Kisco in 2013, she was a Business Training Coordinator for the Latino Economic Development Center in Minneapolis.
Mr. Hernandez, a CPA, is responsible for Rockland, Orange and Sullivan counties. Prior to joining Community Capital he worked as an Investment Counselor at David Lerner Associates, and as a Chief Financial Officer for The Vidal Partnership in Manhattan and CTM Media in Stamford, CT. He began his professional career at Deloitte and has developed particular expertise in evaluating new concepts, start-ups and business entities.
“We are thrilled to add Julieta and Carlos to our team. I know that the skills they bring will help ensure that our clients meet with success,” noted Community Capital Executive Director Kim Jacobs.
Mr. Hernandez added, “I was greatly impressed by the work Community Capital has done to guide and empower entrepreneurs and am excited to contribute my business experience to the furtherance of Community Capital’s mission.”
“ I’m really excited to be part of the Community Capital New York mission, continuing to create opportunity and impacting the local economy,” noted Ms. McPherson.
Since its launch in 1989, Community Capital has leveraged $425 million, developing more than 2500 affordable homes for close to 7,000 Hudson Valley residents, and the creation and retention of more than 3200 jobs in 170 small businesses.