The 0% Interest Rate
Business Development Advance
Tuesday, August 16, 2022 • 11:00 – 11:45 a.m. ET
Adam Goldstein, SVP, Chief Business Officer
Tom Settino, VP, Director of Member Relations
Celena Núñez, VP, Director, Community Investment Operations
Jennifer Alberto, Program Administration Manager
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The Federal Home Loan Bank of New York (FHLBNY) invites you to join our webinar to learn more about our 0% Interest Rate Business Development Advance (BDA). The BDA is subsidized funding provided through interest credits to help our members provide loans at advantageous rates to qualifying small businesses* to promote community & economic growth. Another round of subsidized funding will be available starting on September 6, 2022.
In this session, FHLBNY Management will provide an overview of the BDA, discuss the mechanics of the advance, review the program’s funding amounts and guidelines, and explain how to access and utilize the online Community Lending Programs System.
We encourage you to join us for this highly informative session and learn about how your institution can benefit from the BDA!
Benefits of the BDA:
- Supports communities by helping local businesses with their funding needs at competitive interest rates
- Provides members with a competitive advantage when bidding for small business loans
- Affords business opportunities for members when marketing to new customers and creates value for existing customers
- Offers a reasonable spread for members’ small business lending activities
After registering, you will receive a personal confirmation email containing system requirements and a link to join the webinar. If you do not receive this email or have issues registering, please contact Ashley Thane at [email protected].
If you have questions on the BDA, please contact a Relationship Manager at (212) 441-6700 or a Member Services Desk Representative at 1-800-546-5101, option 1.
We look forward to your attendance.
*As defined by the Small Business Administration (SBA) using the North American Industry Classification System (NAICS) Codes. The loan does not have to be a SBA loan.