Building a business is difficult enough. Without access to traditional financing, it can be nearly impossible.

Every day, plans for business ownership falter due to credit obstacles.

BOC Capital Corp. aims to change this.

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.

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.

Thanks to BOC Capital Corp., local entrepreneurs now have access to flexible, customized loans-as well as ongoing business development assistance-to help with everything from supporting a new business, to taking an existing local business to the 'next level.' Plus BOC Capital specializes in financing small order-based design and production companies!

Now, local entrepreneurs have affordable, user-friendly loan products available to them, including:

• Short-term microloans from $500 to $25,000 for small business start-up, credit-building, working capital or expansion;
• Longer term microloans up to $50,000 for up to 5 years, for equipment purchase, inventory, working capital and leasehold improvements;
• Green loans up to $70,000 for environmental businesses and those incorporating green business practices i.e. energy efficiency, utlizing and/or sellng sustainable and organic products/supplies or expanding access to fresh food;
• Order-based 'mobilization' loans from $500 to $150,000 to finance production and/or mobilization costs for purchase orders/contracts for minority contractors and small-scale designers and manufacturers;
• Interest-free loans that conform to Sharia customs for Muslim clients;
• 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. For additional information visit www.nycedc.com/FinancingIncentives and contact us today.

BOC Capital Corp.'s flexible financial products for entrepreneurs also integrate the training, business counseling, and technical assistance of the BOC Network to help prospective borrowers in:

• Identifying credit challenges
• Business planning
• Marketing
• Early-stage business development
• Business expansion and
• Business and financial management.

All applicants of BOC Capital Corp. are thoroughly reviewed by its loan committee comprised of small-business development and lending professionals.

Funded in part through a grant award with the U.S. Small Business Administration.  Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance. Contact (718) 625-1296 or boccapitalcorp@bocnet.org to make arrangements.

To learn more about BOC Capital Corp., please contact:

(718) 625-1296

Reach us via e-mail at: boccapitalcorp@bocnet.org

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