SBA Syracuse November Newsletter | SBA Announces Top Lenders in 2012

Having trouble viewing this email? View it as a Web page.

November 13, 2012

Syracuse District Office Newsletter

Brought to you by the U.S. Small Business Administration

Local Entrepreneurs Graduate from SBA e200 Initiative in Syracuse

e200 Syracuse Class of 2012

The U.S. Small Business Administration honored the 17 participating companies in its Emerging 200 Initiative (e200) at a graduation ceremony in Syracuse on November 7th. The intense program, providing more than 40 hours of advanced management training, has been a collaboration of the SBA Syracuse District Office with CenterState CEO, CNY TDO, City of Syracuse Office of Neighborhood and Business Development, Downtown Committee of Syracuse, Inc., MACNY, Onondaga SBDC, SUNY ESF, Syracuse SCORE, Syracuse University, The Falcone Center, The Tech Garden and the WISE Women’s Business Center.

“With tailored curriculum, limited class size and small mentoring groups, e200 creates an environment for the entrepreneur to take a critical assessment of their business in today’s economy and begin working on the business, not in the business,” said SBA Syracuse District Director Bernard J. Paprocki.

SBA announced at the graduation ceremony that Syracuse will host its third class of e200 in 2013. All interested business owners are invited to contact SBA Deputy District Director Cathy Pokines at cathy.pokines@sba.gov or (315) 471-9393 ext. 241. The e200 initiative focuses on small companies in the Syracuse area that have the potential for rapid expansion and job creation. Firms must have an operational track record of three years or more. 

> Read about the small businesses in this year's graduating class


SBA Announces Top Lenders in FY 2012

SBA Syracuse District map

M&T Bank, NBT Bank and Adirondack Trust Company are the top SBA lenders in the Syracuse District for the recently ended fiscal year 2012. For the sixth straight year, M&T Bank is the most active large commercial lender, with 66 loan approvals valued at $17.6 million. NBT Bank is the top large community lender for the second year in a row with 70 loan approvals worth $10 million. The Adirondack Trust Company outperformed all other small community lenders for the twelfth year with 22 loan approvals valued at $1.1 million. The SBA Syracuse District encompasses 34 counties across Upstate New York. Regional SBA lender awards can be viewed online: Central NY, Capital Region and Southern Tier.

Countryside Federal Credit Union Is Newest 7(a) Lender in SBA Syracuse District

Countryside Federal Credit Union singing ceremony

The U.S. Small Business Administration has given authority to Countryside  Federal Credit Union to provide financial assistance to small businesses under SBA’s 7(a) Loan Program.

“It is encouraging to see a new point of access to our loan programs, and that is exactly what Countryside Federal will offer as a participating lender,” said SBA Syracuse District Director Bernard J. Paprocki.

The 7(a) Loan Program is the SBA’s primary business loan program. It provides long-term financing to acquire equipment and machinery, inventory, fixtures and accessories, and to make renovations, purchase land, build new buildings, purchase existing businesses, and for the repayment of certain debts.

> Read more


SBA, WISE Women's Business Center Celebrate New Location With Ribbon Cutting

WISE Women’s Business Center Director Joanne Lenweaver (second from left) cuts the ribbon to unveil the center’s new space at The Tech Garden.

The U.S. Small Business Administration helped celebrate the WISE Women’s Business Center’s new, larger location at The Tech Garden in downtown Syracuse on November 8th. The ribbon cutting ceremony unveiled the 1,000-square-foot space for the WISE Women’s Business Center, including office, conference, and training rooms.

As one of 100 Women’s Business Centers funded by the U.S. Small Business Administration across the nation, the WISE Women’s Business Center leverages Syracuse University’s outreach and training resources into invaluable entrepreneurial opportunities for clients.

“Our congratulations to center director Joanne Lenweaver for her vision and courage to take the WISE Women’s Business Center to the next level. SBA also thanks the Whitman School of Management at Syracuse University for their unwavering support. The Tech Garden has become a hub of entrepreneurship in downtown Syracuse and the WISE Women’s Business Center is a natural fit,” praised SBA Syracuse District Director Bernard J. Paprocki.

> Read more

SBA-Hurricane-Hero-Box-for-GovD

2012 Hurricane and Tropical Storm Recovery Assistance Information Website

More information on the federal government's response to Sandy is available at www.usa.gov/sandy.

UPCOMING EVENTS

11/15 - Success Strategies for Women-Owned Businesses Seminar in Utica

Learn success strategies from a panel of local women entrepreneurs at this free seminar hosted by the Mohawk Valley SBDC. For more details, please contact Pam Palazzo at pam.palazzo@sunyit.edu.

LEARNING

SBA's Free Construction Safety and OSHA Compliance Webinar

Learn how to recognize hazards and become familiar with OSHA standards and guidance information for construction employers and employees.
> Click here for webinar