In Partnership with the NYC Department of Small Business Services, BOC Capital is offering 3% APR loans to perform on New York City contracts. Loan repayment terms align with the contract payment schedule.
If your business is working as a prime or subprime contractor on a project with a City agency or the NYC Economic Development Corporation (NYCEDC), you may be eligible for a Contract Financing Loan.
Loans of up to $500,000 at an interest rate of 3% APR are available to eligible* businesses. Closing fees apply.
Visit nyc.gov/contractfinancing to get started.
*To be eligible for a loan, you must:
Have an operating business, AND
Be applying for financing as a prime- or sub-contractor to use toward a contract with a
City agency or NYCEDC