Loans
We have an array of loans to fit your needs. Feel free to send us an email or give us a call so we can help you choose the right one for you
All loans have eligibility requirements.
- 1. Loans must be used for Bronx based operations only.
- 2. Applicants must provide three years of personal and business tax returns. Businesses with less than three years of tax returns will be considered a start-up and will require additional documentation such as a robust business plan with detailed balance sheets, income statements and cash flow statements, describing the business in detail and its path to profitability.
- 3. Documents must include a Personal Financial Statement and a Business Debt Schedule.
- 4. If partner owns 20% or more of the business, they must also submit a Personal Financial Statement and three years of personal tax returns.
- 5. Owners must be willing to accept a review of their personal credit report and the credit rating of their business.
- 6. If a business is renting space, a copy of the business lease is required.