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Small Business Services Directory
NMBC is a networking and referral organization for small women- and minority-owned businesses. It is dedicated to providing business assistance, educational opportunities, seminars, purchasing exchanges, mentoring, business listings, and related services to businesses throughout the tri-sate area and across the nation. Members are listed in a directory that is sent to corporate and government purchasing agents. NMBC also offers general technical assistance and networking events to its members. Annual membership is $375. NMBC is currently offering on a quarterly basis an Entrepreneurial Boot Camp specifically designed for individuals transitioning from employee to entrepreneur and for new entrepreneurs who have been in business less than two (2) years. For further information on the Entrepreneurial Boot Camp and to fill an Application Form for participation, please visit the NMBC Web site: www.nmbc.org.
The Neighborhood Entrepreneur Law Project provides free legal assistance to low income microentrepreneurs who are interested in starting a business or who have an existing business. Free legal assistance is offered relating to business structure - partnership, sole proprietorship, LLP; reviewing & negotiating commercial leases; protecting trademarks & copyrights; preparing sales & service contracts; employment law matters; reviewing loan documents; and obtaining required NYC, NY State and Federal licenses and registrations. If you are a microentrepreneur or a community-based organization, contact the Project for eligibility requirements.
NYBDC and ESCDC offers both conventional as well as SBA-backed loans from $50,000 to $5,500,000 to small businesses located anywhere within the State. Loan proceeds can be used for partnership buy-outs, real estate acquisition, working capital, inventory, etc. The term of the loan is from 3 to 20 years and the interest is fixed or variable, depending on the circumstances. Three years of personal and business financials, two years of projections [three years of projections for a start-up], a solid business plan, and personal guarantees are required. The application fees range from $250 to $1,200 depending on the size of the loan.
A public-private loan guaranty program that enables banks and community development credit unions to make loans to small and medium-sized businesses that fall below the criteria for conventional bank loans. Loans may have a minimum amount of $250,000 and may be used for working capital, real estate acquisitions, machinery and equipment, and physical improvements to real estate. Additional phone numbers: 212-312-4216 or toll-free: 888-NYC-0100, or the EDC Operator: 212-619-5000