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Small Business Services Directory
The BOC Network, with offices throughout the City, offers free counseling and referrals. After an initial intake and analysis of a prospective or ongoing business, counselors develop a needs assessment and work with clients to identify and take full advantage of appropriate specialized services, programs and financing sources. BOC counselors also provide essential follow-up and , look for early warning of problems, particularly in utilizing loans. Call for more information on our Individual Development Account Grant Program(Free). Services are available in Chinese and English. Call for appointment. MWBE Services available. Note: Other BOCs are located in Boro Park, Harlem, Hunts Point, Jackson Heights, and Staten Island. Check listings in other boroughs.
The Lower East Side People’s Federal Credit Union is a member-owned, not for profit financial institution dedicated to meeting the financial services and credit needs of local residents, businesses and community organizations. LES serves a range of communities including individuals who live, work, volunteer, worship, or attend school in Manhattan Community Board 3 (Lower East Side) and Manhattan Community Board 10 (Central Harlem) and residents of New York’s five boroughs who have a household income less than $38,000 per year – see their website for a complete list. Services include small business loans; business and nonprofit bank accounts; business banking services; small business workshops; and technical assistance. LES also assists immigrants in obtaining IRS ITIN tax processing numbers. LES also has a Harlem branch on 125th Street. Services are available in Spanish and in English.
Renaissance Economic Development Corporation [REDC] provides direct financing and technical assistance services to all the boroughs of New York City, with an emphasis in Chinatown, the Lower East Side, Flushing, Queens and Sunset Park, Brooklyn, and other low-income immigrant neighborhoods in New York City. REDC offers Small Business Loans ranging from $5,000-$100,000. REDC focuses on small and start-up businesses owned by immigrants, minorities or women; that demonstrate significant potential to create jobs for lower-income individuals or minorities; or that lack access to conventional sources of capital. REDC also offers a program where volunteering professionals offer free legal assistance and financial counseling to clients. Contact REDC or visit their website for additional information about their programs and services.
The REDC Small Business Loan Fund is a financing program available to small business owners or entrepreneurs whose businesses are located in New York City. They make short-and intermediate-term loans available to businesses that may require additional funding to start a new enterprise or grow an existing one. Loans of up to $100,000 can be used for working capital, the purchase of supplies, inventory or equipment or for renovations in commercial real estate. REDC's experienced staff will work closely with you to provide technical assistance custom-tailored to your business needs. No prepayment penalties. Quick Loan approval. $100 Business contribution for loans less than $35,000. 1% of approved loan amount for loans over $35,000. Terms of up to 5 years. Simple Documentation. Credit report, lien search and UCC filing costs paid separately.