The 504 Company Announces New Board and Loan Committee Members

NY)   The 504 Company, a leading provider of alternative small business financing, has announced the appointment of new directors to its Board of Directors and Loan Committee.

Recent appointments to The 504 Company Board of Directors are Mary Bintz, Sales Associate at Coldwell Banker Prime Properties, Kale B. Gaston, Senior Vice President at Bank of America N.A., Oliver Kardos, KeyBank N.A., James Murphy, Senior Vice President at National Union Bank of Kinderhook, and Michael V. Shepherd, East Regional Manager
for Chase Specialty Finance.

Additionally, Donald DiMartini, Senior Vice President at Citibank and Eleni
Group Vice President and Metro Market Manager for M&T Bank
were appointed to The 504 Company’s Loan Committee, which is responsible for
guiding credit decisions at the organization.

Patrick MacKrell, President and CEO and Herbert Chorbajian, Chairman of the Board
welcomed the new directors and committee members at recent meetings. “Together,
these additions to our Board of Directors and loan committee bring decades of
experience in small business lending to our organization,” said Patrick
MacKrell. “We are pleased to have them on board and will benefit greatly from
their experience and perspective.”

About The 504 Company

We are mission-driven alternative lenders that provide creative financing solutions to
help are We are mission-driven alternative lenders that provide creative
financing solutions to help small businesses thrive. Throughout our 61-year
history, we have provided thousands of small businesses—including start-ups, mature
businesses, and minority- and women-owned businesses—with access to loans when
they do not meet the requirements for traditional financing. We offer access to
a suite of financing options that includes SBA 504 loans and Community Advantage
loans, as well as online alternative loans, throughout Connecticut, New Jersey, New York,
and Pennsylvania.

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