Commercial Capital Training Group Donates to the Red Cross
Kris Roglieri, president of Commercial Capital Training Group, is calling on his fellow business leaders in Tech Valley to donate to help people affected by the earthquake, tsunami and on-going devastation in Japan. Commercial Capital Training Group has made a donation to the Red Cross to aid in the relief effort.
“We give to a core charity each month, but when the disaster happened in Japan, it really hit home,” said Roglieri. “I have had clients that we have done business with over the years, who are believed to have perished. I firmly believe that in a disaster of this magnitude, companies that are healthy should step up to the plate and contribute in any way possible.”
“The American Red Cross is grateful to people like Kris Roglieri for their support of our fundraising efforts to help Japan recover from the devastating earthquake and tsunami,” says Gary Striar, Regional Chief Executive Officer for the American Red Cross. “This continued incredible generosity helps the Red Cross respond to disasters across the street, around the country and around the world.”
Roglieri has worked in the Capital Region for nearly fifteen years owning several businesses, starting his first business in 1994, which provides capital to businesses.
The best way to donate is to go to www.redcross.org.
Commercial Capital Training Group – with more than 75 years of commercial finance experience, Commercial Capital Training Group has developed a one-of-a-kind program, which provides the tools necessary to allow entrepreneurs to successfully own and operate their own full service commercial finance company.
To accommodate an even larger and more comprehensive financial services training program, Commercial Capital Training Group has once again expanded its program, moving from a five-day intensive to a new six-day intensive format.
The earlier move to a five-day format needed to be further increased to allow for Commercial Capital Training Group’s ongoing success with building relationships with new lenders. The new six-day format will allow even more time for students to meet with lenders, and give attendees of the program the best opportunity to effectively learn this business model.
“We’re constantly working to make this program the best it can be, and we felt that adding a 6th day gives us more time to share what we know about the financial industry.” said Jon Cosentino, General Manager at Commercial Capital. “We also have so many lenders eager to work with our graduates that making more time to showcase them to our attendees just made sense. Overall we’re positive that the extra day will make the training even more effective in setting our attendees up for success in the financial industry.”
The Albany, NY based training program offers a comprehensive training program in the industry of commercial finance and provides full life-time support to all graduates of the program.
Commercial Capital Training Group’s new six-day training program is currently available.
Commercial Capital Training Group has piqued the interest of national television with its influential financial knowledge and teachings. Business Day, a television show hosted by football legend Terry Bradshaw, recently traveled to Commercial Capital Training Group’s headquarters in Albany to tape a featured segment on the company’s program and the remarkable success its students are experiencing.
Commercial Capital Training Group is a one-of-a-kind company that trains entrepreneurs from all walks of life on how to operate their own successful commercial finance company. The materials and instruction received by these students have created a shift in thought on commercial finance. Where once those looking for business funding could only receive assistance from banks and credit unions, Commercial Capital Training Group has taught hundreds how to provide alternate lending sources, helping businesses of all size grow and flourish. This change in practices is crucial for commercial success in this turbulent economy.
Business Day chose Commercial Capital Training Group for a featured segment largely due to its revolutionary approach to lending and its impact on business. “We were honored to be contacted by Business Day and thought appearing on the show would not only be a great way to promote our practices, but would also lift a veil on lending and finance that has stymied our economy,” says Jon Cosentino, General Manager of Commercial Capital Training Group. The amount of graduates, and subsequent independent lending brokerages, the group produces could not be ignored.
Business Day airs on both Fox Business News and CNN Headline News. Commercial Capital Training Group’s appearance is currently scheduled to air in February of 2011.
To accommodate a larger and more comprehensive financial services training program, Commercial Capital Training Group has expanded its program from a four-day intensive to a five-day intensive.
The expansion was necessary due to Commercial Capital Training Group’s continued success building relationships with new lenders. The new five-day format will allow more time for students to meet with lenders, and provide more time for attendees of the program to effectively learn this business model.
“The additional day of training is going to make the program even better.” said Jon Cosentino, General Manager at Commercial Capital. “We can now showcase more lenders with innovative programs to our attendees.” “Also, this way we’ll be sure we’re providing the most comprehensive training we can and ensuring the continued success of this program.”
The Albany, NY based training program offers a comprehensive training program in the industry of commercial finance and provides full life-time support to all graduates of the program.
Commercial Capital Training Group’s new five-day training program is currently available.
The U.S. House of Representatives passed the Small Business Lending Bill (H.R. 5297) today. President Obama is expected to quickly sign this bill into law. This bill establishes a $30 billion Small Business Lending Fund, but more importantly, it creates a number of new provisions for the SBA 504 program. These new provisions are as follows:
1. Fee Reductions – Allocates $505 Million for the continuation of SBA Fee reductions under the American Recovery and Reinvestment Act. Previously allocated funds were exhausted in June 2010. Fee reductions will be extended until December 31, 2010 or until the newly allocated funds are exhausted. This provision will be effective immediately upon the President’s signature. The SBA will be working to process the 700 loans in the 504 Recovery Act Queue by the end of the month.
2. Debt Refinancing – Established a temporary 2-year program of eligible business debt refinancing (up to 90%) through the SBA 504 loan program for creditworthy borrowers. Details on this provision have not yet been released by the SBA.
3. Maximum SBA 504 Loan Amounts – The loan maximum on the SBA portion of financing is permanently increased to $5 Million ($5.5 Million for small manufacturers and borrowers meeting certain Energy Efficiency Public Policy goals). This means that some lenders can participate in projects up to $12,500,000.
4. Maximum Size limit increase – Maximum Corporate tangible Net Worth increases to $15MM and two-year average net income after taxes increases to $5MM. This change will allow the SBA 504 loan program to become a very viable option for Middle Market companies.
We will continue to update all our graduates on any further developments concerning this bill and how it increases your SBA lending possibilities.
As the multi-family commercial finance marketplace continues to grow, our graduates have an increasingly lucrative opportunity. To help you take advantage of that opportunity, we’ve added a new, specialized multi-family lender to our roster.
Our new lender primarily funds multi-family commercial real estate across the nation for acquisitions or refinance. So whether you have a deal from New York or California, Texas or North Dakota, you’ll be equipped to offer competitive multi-family financing.
Graduates can take advantage of attractive and flexible loan terms and rates starting at 4.75% (for 3-15 year loans). Our new lender will focus on loans between $500,000 and $5,000,000, but retains the flexibility to do higher amounts.
As the premier commercial finance training program in the country, we strive to continuously deliver new and innovative programs to our past and future graduates. The addition of this program means that our graduates have access to over 24 different financing programs, allowing them to service many different commercial finance needs.
We are pleased to announce our hiring our new General Manager, Jon Cosentino.
We know that Jon will be a tremendous resource to both our organization and our graduates. He brings a wealth of experience as a lender, underwriter and broker. Jon’s primary responsibilities will be managing our support staff and directly assisting our graduates with any support needs that their business might need.
Prior to joining us here at the Commercial Capital Training Group, he served as the Senior Vice President at Meridian Capital Corporation where he specialized in equipment leasing and commercial real estate brokerage. He has worked at regional, national and worldwide institutions, including M&T Bank and Citibank. He has also worked as a commercial lender.
Cosentino brings over 20 years of professional experience in finance and banking, including commercial banking, equipment finance, investment real estate, multi-family and mixed use properties, ABL lending, A/R Finance, and SBA Lending. His experience on all sides of the lending world makes him uniquely qualified for his new position at Commercial Capital Training Group.
Jon was raised in New York State and graduated from Ithaca College with a degree in Finance. He and his wife Kelly have three children.
Please join us in welcoming Jon to the Commercial Capital Training Group team.
Jon can be reached at:
Jon Cosentino
General Manager
Commercial Capital Training Group, LLC
90 State St. Suite 700
Albany, NY 12207
Office: (518)-694-3047 x 2031
Regards,
The Commercial Capital Training Group Team.
