RCSCBA: Creative and non-traditional financing for small businesses

Wesley Slyke

RAVENA — Non-traditional funding options, SBA loans and Community Development Financial Institutions (CDFI) are part of the lending opportunities that will be explained at the monthly meeting of the Ravena Coeymans Selkirk Community Business Association on May 19 at 5 p.m. at Rail To River Brewery at 109 Main St., Ravena. To attend, register at https://rcscommunitylibrary.libcal.com/event/9130447

Senior Vice President Kevin Catalano of Advance Albany County Alliance LDC and Wesley R. Slyke, vice president and senior business development officer for Pursuit Lending will offer their expertise on how small businesses can quickly access funding.

“There are a number of non-traditional financing options for businesses located in Albany County,” Catalano said. “We’ll review what’s available — such as the Albany County Business Development Corporation’s $20 million Al Tech Loan Fund and opportunities through Pursuit Lending, one of the top SBA lenders in the country.”

Catalano has over 20 years of commercial lending experience, including administering the Al Tech Loan Fund at the Capital Region Chamber. His relationship with banks and other lending institutions makes him a sought-after resource for businesses, where he serves as a conduit between businesses, not-for-profit organizations, landlords and financial institutions in the region.  

Kevin Catalano

Slyke’s mission is to educate partners on programs offered by Pursuit so businesses in the community are aware of all the financing options that can help them grow and succeed. His focus is developing relationships with bankers, nonprofits, economic development agencies and community organizations throughout the Northeast.

Cost for the meeting is $10 for members and $15 for members. Attendees can bring their own dinners or snacks or order food from nearby restaurants.

The RCSCBA is an all-volunteer organization of business and community leaders and interested individuals. The group is a catalyst for growth and prosperity through economic and community development initiatives that foster a strong business climate.

The monthly meetings feature “What’s New?” updates by local businesses and groups, briefs on matters of economic and community importance and include a guest speaker, a spotlight by a specific business and a question-and-answer period.

The group’s Facebook page is active at https://www.facebook.com/RCSCBA and the website is https://www.rcscba.com.

RCSCBA meets monthly at rotating locations. To join RCSCBA, go to https://www.rcscba.com/join or contact Marlene McTigue at  RCSBizAssoc@gmail.com.

For more information about meetings, call 518-928-1825 and ask for Joy.

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