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Small Business Services Directory
Accion East provides loans and other support services to businesses throughout New York City's five boroughs, Long Island, Westchester and New Jersey. Loans of $500 - $50,000 are made to individuals or to groups of borrowers at every stage in their business, and can be used for equipment, merchandise, working capital, business expansion and more. All types of businesses are eligible for loans, including home-based ones. Service in Spanish is available.
The Division of Continuing and Professional Studies (CAPS) at Baruch College offers professional certificates, seminars, courses, and training in a variety of areas. Programs of interest to small businesses would include: accounting, bookkeeping, payroll, management, marketing, professional office skills, business communications, certified financial planning, personal development, finance and project management (PMI). Business related courses are held in the evening and vary in length from one day to several weeks. In addition, CAPS offers courses in English as a Second Language for academic, professional, and social purposes. The Academic Intensive English Program, which is I-20 eligible, provides 20 hours per week of instruction during the day. Business ESL and GMAT test preparation courses are also available during the daytime, evening, and Saturdays. Modern language courses for business, travel, and cultural purposes are given on week nights and Saturdays.
BO$$ is a microloan program that makes funds available to start-ups and existing businesses in northern Manhattan and the western Bronx with fewer than ten employees, and annual sales of less than $500,000. BO$$ focuses on helping micro-entrepreneurs with limited education, English language, and business expertise. BO$$ Micro Loans range from $400 to $50,000, with an interest rate currently at 9.0% annually. BO$$ also offers one-on-one business counseling, business plan review, and referrals. For more information about BO$$ programs and services, contact them at the above address and telephone number.
BCNA, which receives funding through a variety of private and government sources, helps its clients and workshop attendees: obtain microloans to start or expand a business; learn business management skills; understand personal finance and everyday cash management; establish and contribute to a savings account; and purchase a first home or apartment with the help of special government programs. BCNA staff provides services in a variety of languages including: Vietnamese, Cantonese, Mandarin, Russian, Spanish, Hindi, African dialects of Bassa & Kru, French & Creole, and Tibetan & Nepali. Services are also available at BCNA’s Queens Office located in JacksonHeights.
The BOC network, with offices throughout the City, offers free counseling and referrals. After an initial intake and analysis of an ongoing or prospective business, counselors develop a needs assessment and work with clients to identify and take full advantage of specialized services, programs and financing sources offered by other organizations. BOC counselors also provide essential follow-up, looking for early warnings of problems, particularly in utilizing loans. The South Brooklyn BOC also offers grants for low-income entrepreneurs. Languages spoken include English, Russian, French, Hebrew, and Yiddish. Note: Other BOCS are located in North Brooklyn, Chinatown, Harlem, Hunts Point, Queens, and Staten Island. Check listings in other boroughs or call the main office at 718-624-9115.
The IBZ Department provides financial assistance in the form of loan packaging services to new and existing businesses that are seeking loans. They provide business owners with an understanding of bank lending practices; assist with filling out the loan application, help gather necessary documents; make sure the financial information on the application and documents makes sense; and help submit a complete package of information to potential funding sources.
The New York Women’s Chamber of Commerce (NYWCC) is a not for profit organization dedicated to assisting women, minorities and other disadvantaged individuals achieve success and economic independence through business, micro-enterprise ownership and self-employment. If you are an existing or start up business the experienced team at the Chamber’s NY Women and MinorityBusinessDevelopmentCenter and Microenterprise Institute can assist you successfully start, manage and grow your business to the next level. Assistance is provided through one-on-one individualized business counseling, and educational business programs. Services are available in Spanish and in English.
The Baruch SBDC offers free one-on-one counseling and training on all aspects of starting and operating a business. Together with the Field Center for Entrepreneurship within which it is located, certified business counselors and Baruch business school professors provide assistance with a wide range of business challenges. These challenges include the creation of a focused business plan, selecting funding alternatives, understanding financial statements, developing marketing plans, planning an on-line business, and complying with licensing and regulatory requirements. MBA students can provide technical assistance. Note: There are other SBDCs within NYCs five boroughs.