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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 Entrepreneurial Assistance 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.
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 businesses or entrepreneurs whose businesses are located within New York's 5 boroughs. Loans available to businesses that may need 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 inventory, equipment or used for renovations. No repayment penalties. REDC's experienced staff will work closely with you to provide contribution for loans less than $35,000. 1% of approved loan amount for loans over $35,000. Terms of up to 7years. REDC recently launched the Post Sandy Recovery Loan which provides working capital to assist small businesses affected by Hurricane Sandy in the 5 boroughs for continuing recovery. Please contact REDC for further information.