Community Capital New York
November 2013

Small Business Program Newsletter
Apply for a loan           Success Stories           Small Business Resources            En Espa�ol            Donate Now
Entrepreneur of the month
Andrea Giraldo
A&G Trading Co and Giraldo Farms

 The 'instantness' of Giraldo Farms instant coffee melds perfectly with our fast paced and time-strapped culture. Introduced at the 1901 World's Fair in Buffalo, helped on in WWII and, by the Seventies, relegated to the pantries of grandmothers everywhere in a Maxwell House jar, instant coffee is still cheap, fast and the lowest volume solution for morning java to go-just tastier.

 Giraldo Farms' percolates to the top with Eco-conscious, artisanal roasts that each rehydrate single-origin (100% Colombian) beans (Arabica) into an aromatic cup as good or better than coffee from a drip pot, Keurig or decent restaurant.

 

A small business loan from Community Capital NY helped Andrea to expand her line of coffee from 'regular' to now include decaf and organic versions.  

 

Click here to read how the business received a boost from CCNY

 

Martin's Corner
Increase the chance at success of your small business start-up

 90% of start-ups fail within the first three years. That's a sobering fact. If you have been in business for more than three years - give yourself a pat on the back! You've earned it. If you are planning to start a business please be mindful that you have only about a 10% chance of success. I'm not going to sugarcoat this. You will have sleepless nights and stressful family situations. You may also be jeopardizing your life savings.

 

So what can you do to increase your odds for success?

 

There are three excellent preliminary things to do:

 

Study your competition. Learn from their strengths and especially from their weaknesses. Find out their pricing and how it compares to what you thought you can charge for your goods or services. No matter how much time you've put into studying your competition, I assure you that it's not enough. This is the single best source of knowledge before opening your new business.

 

Read books that can guide you in starting a business. There are a number of good new books on the market by successful entrepreneurs. I particularly like those that talk about the many failures experienced before success was achieved. Every entrepreneur will tell you that mistakes and failures are the best preparation for success.

 

Write a business plan. A good business plan is ever evolving and serves as a true 'road map' for your business. It gives you a goal and objectives to achieve and let's you compare the reality with your expectations and aspirations down the road. If you need help assembling a plan, there are free resources and counseling available that are supported by the Small Business Administration (SBA): the Small Business Development Centers (SBDC) and Service Corps of Retired Executives (SCORE) 

 

Despite the daunting prospects, many people feel the desire and indeed the need to be in business for themselves. If you are one of them - do your homework. It may make all the difference! 

Online loan application
CCNY offers convenient online application

Community Capital New York is proud to be able to introduce our brand new website! Among other features, the site can accept online applications for a small business loan. Need financing to open a business or grow your established venture? Simply click on the link below and follow the easy steps to apply for funding for your small business! Small Business Loan Application
Upcoming Events


CCNY presents - Blueprint for Financial Success

Wednesday December 18 2013
6:00 - 8:00pm

Location:

Community Capital NY

7 W Cross Street

Hawthorne, NY 10532

  

Join us for an educational seminar which will cover the importance of   building a financial foundation to achieve financial   security for you and your family. Those who attend   will leave with a better understanding of how to   develop a "Blueprint for Financial Success"!

Click here for more information

RSVP: Holly Perlowitz
914-747-8020 x14
[email protected]

Opportunity is our mission.

Community Capital New York serves as an economic catalyst, providing business financing that transforms and strengthens the prosperity of our communities and the lives of the people who live in them.

Community Capital New York, a nonprofit alternative lender, is one of nearly 850 CDFIs certified by the Community Development Financial Institutions Fund of the U.S. Dept. of the Treasury, and one of the largest serving seven counties in the Hudson Valley. We provide loans that create quality jobs, revitalized Main Streets, good homes and tax revenues by leveraging financial, human and civic resources. Through flexible, innovative and responsible lending, we create environmentally and economically healthy communities and enable traditionally underserved people to become stakeholders in New York's economy.
Community Capital New York
Wells Fargo
SBA
Empire State Development
  914 747-8020| 914 747-2049| [email protected]
www.communitycapitalny.org
Facebook
SignUp
Copyright © 2013. All Rights Reserved.