News: Long Island

Schreiber of NYBDC reflects on what he hopes to accomplish in 2009

What do you hope to accomplish in 2009? Charles Schreiber is vice president of the New York Business Development Corp. (NYBDC), the statewide economic development organization and the fourth largest certified development corporation in the country. He is responsible for making long-term, low fixed-rate second mortgage loans to small businesses acquiring and renovating buildings and handling NYBDC's other many small business lending products. Schreiber comes from a 33 year career in banking, with the last 20 years in commercial lending at Citibank, NA where he was vice president Business Development for the Long Island Region. Schreiber belongs to many organizations: Action Long Island; Long Island Commercial Network, Long Island Forum on Technology and the Institute of Management Accountants (IMA). He was president of the L.I. Chapter of IMA from 1987-88. He graduated from Baruch College in 1970 with a B.B.A in Accounting. He then served in the United States Army Reserve/ National Guard from 1969-1975. "My goal is to help Long Island's economy by strengthening the small business climate," said Schreiber. "The New York and Long Island economic health is tied up with small business since a large percentage of all business on the Island is considered in that category. By facilitating the many small business lending products handled by NYBDC, chief among them, the SBA 504 Loan Program, we are helping to further the goals of the region" Charles Schreiber is vice president of New York Business Development Corp., Melville, N.Y.
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Suffolk County IDA supports expansion of A&Z Pharmaceuticals

Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has granted preliminary approval of a financial incentive package that will assist a manufacturer in expanding its business by manufacturing more prescription (Rx) pharmaceuticals in addition to its existing over-the-counter
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Columns and Thought Leadership
The evolving relationship of environmental  consultants and the lending community - by Chuck Merritt

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.