To help make entrepreneurial dreams a reality and to strengthen existing local businesses, BOC Capital Corp. now offers credit-related products for business development in NYC communities of New York, Bronx, Queens, Kings, Richmond, and Westchester counties.
Founded in 2001, BOC Capital Corp., an affiliate of the Business Outreach Center (BOC) Network, is a not-for-profit Community Development Financial Institution (CDFI), SBA 7m Microlender and a certified Community Development Entity (CDE) dedicated to providing microenterprise financing, with a special focus on small-business, women, minority and immigrant entrepreneurs.
Now, local entrepreneurs have affordable, user-friendly loan products available to them, including: Order-based loans – $500 to $50,000 loans to finance production costs related to purchase orders or cash outlays required to fulfill contracts; Short-term loans – $500 to $25,000 loans with repayment terms shorter than one year for eligible business purposes; SBA microloans – $1,000 to $35,000 loans for eligible business purposes; Green Business Loans – $1,000 to $50,000 for environmental businesses and projects improving energy efficiency of existing businesses.
Capital Access Revolving Loan Guaranty Program – provides up to a 40% guarantee on loans for qualified NYC micro- and small businesses experiencing difficulty in accessing loans.
This loan product is made possible by NYC EDC.
Business Outreach Center Network, Inc.
Address: 85 South Oxford Street, 2nd Fl.
State: New York