New $10 Million Loan Program to Support Bronx Businesses and Economic Growth in the south bronx

The Bronx Economic Development Corporation, in partnership with The Business Initiative Corporation, has launched a new $10 million loan fund for small- and mid- sized businesses in The Bronx. This loan fund, specifically targeted at the South Bronx, is available in the form of SBA Community Advantage loans. Businesses looking for a commercial loan for up to $350,000 and located in the South Bronx can apply for a loan for a variety of purposes, such as inventory, payroll, or equipment.

  • Borough President Gibson, Congressmember Torres, Launch $10MM Fund for Small Business Loans

    — The Office of Borough President Vanessa L. Gibson

  • U.S. Rep. Ritchie Torres, Community Leaders Announce New $10 Million Loan Program to Support Bronx Businesses, Economic Growth

    — The Office of Congressmember Ritchie Torres

  • New $10 Million Loan Program Aimed at South Bronx Businesses Announced by the Bronx Economic Development Corporation

    — The City

  • NYC announces Bronx small business investment initiative in partnership with the Bronx Economic Development Corporation

    — News12

  • Bronx officials find millions in untapped federal funding, announce new $10M small business loan program

    — Bronx Times

  • US Representative Ritchie Torres Announces $10 Million Loan Program to Support Small Businesses in Bronx Neighborhoods

    — World Today News

  • Se establece un programa de préstamos de $10 millones para empresas y el crecimiento económico en El Bronx

    — Telemundo 47 Nueva York

  • Hay más de 10 millones de dólares disponibles en préstamos para las pequeñas empresas del sur de El Bronx, olvidados desde el 1994

    — Spectrum Noticias NY1

  • New $10 million loan program for Bronx businesses funded with money left over from the Bronx empowerment zone

    — NYN Media