Business Loans

In January 2003, NYCFNAC established the Centralized Business Lending Program. Together with the credit unions and community partners, NYCFNAC aims to provide affordable credit to small yet growing businesses and promising new ventures located within the boroughs of Manhattan, Bronx and Brooklyn.

NYCfNAC offers three different loan products:

Start-up Loans

If you are starting a business or have been in business for less than 2 years, NYCfNAC offers loans from $10,000 to $100,000 to fund start-up operations. 

Growth/Expansion Loans

If you have been in business for over 2 years, NYCfNAC provides loans ranging from $10,000 to $350,000 to help expand your business. 

SBA 7A Loans

SBA 7A loans are available for both start-up and growth businesses, for up to $2 million.

 

If you need help in preparing a business plans and financial projections, please check out the list of small business resources in NY that provide technical assistance to help you set up or manage your business more effectively.

Ready to apply?  Click here.