Richard Amsterdam

Vice President

New York Business Development Corp.

Empire State CDC: The 504 Company

534 Broadhollow Road, Suite 430, Melville NY 11747

(516) 845-2700 x313

ramsterdam@nybdc.com

Rich is a Vice President and Commercial Loan Officer, responsible for providing loans in Nassau, Suffolk, Kings, Queens and New York counties.

Rich joined NYBDC in May 2006.  He has over 15 years experience in banking and finance, having most recently worked for M&T Bank as the Managing Officer of the Garden City Business and Professional Banking Center.  Prior to that, Rich worked in Fleet Bank’s Small Business Services group and at Citibank in the Management Associate program and retail branch banking.

He obtained a Masters of Science degree in Banking from Mercy College in New York, NY and a Bachelors of Business Administration in Banking and Finance from Hofstra University in Hempstead, NY.

Rich is also the President of the Suffolk County Small Business Advisory Council, and an active member of the Risk Management Association. Previously he served as a Board Member of Hofstra University’s Corporate Development Council and former Co-Chairman of the Diabetes Research Institute Foundation’s Banking on a Cure program. Rich is a NYSCA Certified youth soccer and youth football coach, holds an advanced soccer coaching certification from NSCAA and coaches his son’s SYSL intramural and developmental soccer teams.

New York Business Development Corporation (NYBDC) works in conjunction with its lending partners to provide loans to small businesses in New York State.  NYBDC is a complement to conventional banking, working in partnership with banks to provide term loans, many of which do not meet the requirements for traditional financing. Our goal is to be more creative in our underwriting. In many cases, we include multiple participations, SBA guarantees, flexible amortization and long-term payouts.
 
NYBDC also manages the Empire State Certified Development Corporation which is otherwise known as The 504 Company. Empire State CDC is licensed by the U.S. Small Business Administration (SBA) to provide the SBA 504 Loan Program – a fixed-asset economic development program designed to promote growth and job creation in small businesses.

A third component of NYBDC is the Statewide Zone Capital Corporation (SZCC), a privately owned loan and investment fund whose capital is used to promote the expansion and growth of new and existing businesses located within New York’s Empire Zones.