Small Business Lenders Urged to Partner with CDCs to Fund Main Street


December 3, 2013

PatMacKrellBobColemanSaid NYBDC’s Pat MacKrell today at the “Where Wall Street Meets Main Street” Forum. Listen to Bob Coleman’s interview with him here.

Patrick (Pat) MacKrell is the President and Chief Executive Officer of New York Business Development Corporation (NYBDC), Empire State Certified Development Corporation (Empire State CDC) and The Excelsior Growth Fund (“Excelsior”).

NYBDC, formed in 1955, is a consortium of 122 banks and 83 economic development agencies. NYBDC’s goal is to promote the business prosperity and economic welfare of the State of New York by providing loans to small businesses at all stages of maturity with a particular emphasis on start-up, early stage and minority/women owned businesses. NYBDC makes both SBA 7(a) and conventional loans. NYBDC is examined for safety and soundness by the Department of Financial Services pursuant to Article V-A of the Banking Law of the State of New York.