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For Valentines and Vets: “Chocolate Works”

Posted By Heather E. McNelis, Monday, February 10, 2014

 Written by Sabrena Suite-Mangum


It’s coming: the flowers, the greeting cards and Cupid. Valentine’s Day is less than a week away, and for Joe Whaley, owner of Chocolate Works, a Valley Stream, New York business that produces gourmet homemade chocolates and confectionary delights – it’s "go" time!


And while it’s easy to associate chocolate with February 14th, Chocolate Works has its own unique tale of love – and that’s love of country as Whaley is also a Veteran of the US Army. 


After serving a tour in Iraq, he took over the business from his father (also a Veteran). As is the case for so many of our Nation’s Heroes, working capital can be an issue. Fortunately, Whaley could and did take advantage of the VetLoan Advantage Program – an initiative though NADCO and the Small Business Administration to helps Veterans get the financing they need for small business ownership through the Community Advantage Program and The Real Estate Advantage (504) Loan.   


The SBA Community Advantage Program offers working capital loans of up to $250,000 for qualified borrowers. Through VetLoan Advantage, discounts and cash rebates of up to $5,000 are available. The REAL 504 Program provides up to 90% financing for owner-user commercial/industrial real estate. In addition to a low down payment (typically 10%), borrowers can take advantage of long-term fixed rates. In conjunction with the REAL 504, Veteran-owned businesses can take advantage of VetLoan Advantage discounts and rebates worth up to $20,000. Borrowers and interested businesses can check out their state specified CDC’s (Certified Development Companies) for details on individual programs and perks and get more information on REAL 504 and the VetLoan Advantage program here


Also visit NYBCD’s site for information about Chocolate Works and Whaley’s experience with the VetLoan Advantage Program and Happy Valentine’s Day. 

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Ext.14 Claire O'Rourke
Ext. 16 Rhonda Pointon
Ext. 17 Denise Ripley
Ext. 18 Mandy Robertson
Ext. 19 Heather McNelis

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