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Financial Intelligence

Introduction to the New 0% Interest Rate
Business Development Advance

FHLBNY Presenters:
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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The Business Development Advance (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 watch 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

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Disclaimer: Notwithstanding any language to the contrary, nothing contained in these disclosures is intended to constitute an offer, inducement, promise, or contract of any kind. Any product descriptions and pricing may be subject to change without notice.

The content provided in these disclosures is presented as a courtesy to be used only for informational purposes and is not represented to be error free. The FHLBNY makes no representations or warranties of any kind with respect to the content contained herein, such representations and warranties being expressly disclaimed. The FHLBNY is not a financial or investment advisor.

Moreover, the FHLBNY does not represent or warrant that the content of these disclosures is accurate, complete or current for any specific or particular purpose or application. It is not intended to provide nor should anyone consider that it provides legal, accounting, tax or other advice. Such advice should only be rendered in reference to the particular facts and circumstances appropriate to each situation. The FHLBNY encourages you to contact appropriate professional(s) and consultant(s) to assess your specific needs and circumstances and to render such advice accordingly. In addition, the FHLBNY is not endorsing or recommending the use of the means or methods contained in or through these disclosures for any special or particular purpose.

It is solely your responsibility to evaluate the risks or merits of any funding or investment strategy. In no event will FHLBNY or any of its officers, directors or employees be liable for any damages — whether direct, indirect, special, general, consequential, for alleged lost profits, or otherwise – that might result from any use of or reliance on these materials.

Key Contacts

Relationship Managers:
(212) 441-6700
Member Services Desk:
(212) 441-6600 or
(800) 546-5101, option 1

 

[email protected]

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