Small Business Services Directory
Use the search fields below to find hundreds of organizations in New York City that can provide you with help in starting or running your small business. Included in this searchable database are programs which offer business advice, loans, grants, location assistance, and a wide range of other services for small businesses throughout the city — often at no cost or for a low fee.
The Bronx Overall Economic Development Corporation (BOEDC), the administrator of the Bronx Empowerment Zone (EZ), offers loan programs for qualified Bronx Empowerment Zone companies. Programs offer loans at a very low interest rate and long terms in return for the borrowers commitment to hire Bronx Empowerment Zone residents. The Business Assistance Initiative (BAI) can generally lend up to $1 million to finance up to half of a project's cost. The EZ Loan Fund can finance up to 80% of a project's cost up to loans of $200,000.
Established in 1995, CREDIT Inc., a certified Community Development Financial Institution (CDFI), offers three major services to small businesses in the South Bronx: 1) Loans that range from $100 to $15,000 from an in-house fund; 2) Loan packaging services for businesses that require loans greater than $15,000; and 3) Technical assistance. CREDIT Inc. helps businesses develop business plans, offers marketing assistance, prepares and analyzes cash flow projections, and assists with strategic planning. CREDIT Inc. also partners with other SoBRO programs to provide financial services and financial literacy seminars to individuals and businesses.
Developers of commercial, industrial or retail facilities, as well as other types of facilities within the areas of Upper Manhattan and the South Bronx designated as the Empowerment Zone, can access triple tax-exempt bond financing. Reductions in mortgage recording and sales taxes may also be available. Borrowers must, among other requirements, commit to employ Empowerment Zone residents to be eligible for the program.
The Greater Hunts Point Chamber of Commerce works for the benefit of more than 700 industrial businesses in Hunts Point, the largest food distribution center in the United States. The GHPCC hosts business seminars and public events aimed at building connections between Hunts Point businesses, and between Hunts Point and other companies interested in doing business with Hunts Point.
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.
SoBro offers assistance to 5 Industrial Business Zones. They consist of the following Hunts Point, Zerega, Bathgate, Eastchester and Port Morris. We provide technical assistance to businesses in these zones including financing, navigating government, training, recruitment, and access to incentives.
Located at the SoBRO Center in the South Bronx, SoBro's Procurement technical assistance center provides a wide range of assistance - free of charge to businesses through one-on-one counseling sessions, classes, seminars and matchmaking events. The PTAC helps local businesses find opportunities to bid on government contracting work, and provides assistance throughout the process. PTAC clients represent a diverse set of sectors and include architectural firms, construction and building trade companies, manufacturing, food industry information technology, and financial services businesses.
The Entrepreneurial Assistance Program (EAD), provides training, technical assistance and business development resources to start-up and existing businesses. The goal is to assist budding entrepreneurs to establish businesses; assist small business owners to retain their business. The program provides classroom training in basic business and entrepreneurship principles as well as individual technical, financial and management assistance. Telephone: 718-732-7534
The South Bronx Overall Economic Development Corporation (SoBRO) is contracted by the NYC Department of Small Business Services to provide the following FREE services to Manufacturing, Construction, Transportation, Wholesale, Utility or Film Production businesses in The Bronx:
1.Financing assistance: loan packaging and connecting companies to the right lender
2.Recruiting and training employees: connecting companies to resources that cut the cost of hiring and training new/old employees
3.Incentives: connecting companies to tax credits and other incentives that they may be eligible for
4.Navigating government: helping companies navigate their way through varies government and utility agencies (i.e. assist with Con Edison, licenses and permits, info on labor laws, etc)
5.Workshops: providing companies with workshops on various topics such as selling to government and social media
6.Legal Assistance: connecting companies to pro bono lawyers
7.Real Estate Assistance: companies that wish to relocate can be connected to real estate brokers
8. Selling to Government: Assisting companies become vendors to various government agencies
9. Advocacy: relaying any issues that companies are facing to the City and advocate on their behalf
Independent, local level small and high-risk minority and/or women-owned businesses are eligible to apply for small, low cost loans via the Springboard Mini-Loan Fund. The loans are available for small businesses located in Community Boards 1,2,3,4,7,8,11 or 12 and can be applied for at the BOEDC office. Start-up and existing minority and women-owned businesses are eligible. Loans can be used for working capital, acquisition of machinery and equipment, revolving lines of credit, seasonal inventory and accounts receivable. For additional information contact Rome Birkett.