The Bronx Revolving Loan Fund

A Loan Fund for Small Businesses in The Bronx

The Bronx Revolving Loan Fund, a lending program administered by The Bronx Overall Economic Development Corporation (BOEDC), utilizes non-traditional lending strategies to assist developing businesses. All businesses based 1 in The Bronx can apply for a loan.

Size of loan

Minimum $10,000

Maximum $50,000

Eligible Borrowers

Any small business located in The Bronx Must be a legally registered business for at least two years

Eligible Uses

Funds can be used as working capital, for the purchase of machinery or equipment, inventory or accounts receivable.

Terms of the Loan and Interest Rates

Two to five years, depending upon the size of the loan and the use of the funds, at prime plus 2%.


Loans less than $25,000: $100.00
Loans $25,000 and above: $250.00
Applicants will be charged a $100.00 fee to cover the cost of UCC filings

Equity Participation

First security interest on assets
Personal and corporate guarantees

BOEDC and The Bronx Borough President’s Office are committed to addressing the small business financial recovery needs of our borough.

Businesses and nonprofits interested in applying for emergency financing should contact a BOEDC representative below

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