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Long Island
Posted: August 23, 2010
LIDC provides funding for Aarco Products, Inc.
In partnership with Empire State Development, LIDC provided funding for Aarco Products, Inc. under the NY State Targeted Industry Loan Program. Aarco was founded in 1972 beginning with three employees refurbishing and selling blackboards to schools. The company now operates with 54 employees and plans to add 10 additional jobs. Along, with chalkboards, they now manufacture and sell quality visual communication products including bulletin boards, message centers and outdoor signage.
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Long Island
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Columns and Thought Leadership
The evolving relationship of environmental consultants and the lending community - by Chuck Merritt
When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.