Introduction to the New 0% Interest Rate
Business Development Advance
Thursday, November 4, 2021 • 11:00 – 11:45 a.m. EST
Adam Goldstein, SVP, Chief Business Officer
Tom Settino, VP, Director of Member Relations
Celena Nunez, VP, Director, Affordable Housing Programs
Jennifer Alberto, Program Administration Manager
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On the launch day of our new 0% Interest Rate Business Development Advance (BDA), the FHLBNY invites you to our webinar introducing this exciting product. The BDA is subsidized funding in the form of interest-rate credits to help our members provide funding to qualifying small businesses to promote community & economic growth.
In this session, FHLBNY Management will give an overview of the BDA, discuss the mechanics of the advance, explain how to access and utilize the new online Community Lending Programs System, and give examples of how small businesses can best utilize the BDA in the community.
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 opportunities for members to elevate their image when marketing to new customers and creates value for existing customers
- Ensures a reasonable spread for members’ small business lending activities
Should you have any questions, contact your Relationship Manager at (212) 441-6700.
We look forward to your attendance.