Business Initiative Corporation of New York
THE MISSION OF THE BUSINESS INITIATIVE CORPORATION OF NEW YORK (BICNY) IS TO SUPPORT ECONOMIC DEVELOPMENT AND INDUCE PRIVATE INVESTMENTS IN NEW YORK STATE BY PROVIDING BELOW-MARKET INTEREST RATE LOANS AND LONG-TERM CAPITAL FOR THE BUSINESS COMMUNITY. THESE EFFORTS WILL RESULT IN CREATING MUCH-NEEDED JOBS IN TEH BRONX, AS WELL AS IN THE STATE, BY ASSISTING SMALL BUSINESSES TO GROW AND EXPAND BY ACQUIRING BELOW-MARKET RATE LOANS FROM THE SBA AND ADDITIONAL FUNDS FROM PRIVATE LENDERS. WE PROVIDE FINANCING TO: * PURCHASE COMMERCIAL REAL ESTATE THAT WILL BE OCCUPIED BY THE BUSINESS; * PURCHASE MACHINERY AND EQUIPMENT TO BE USED BY THE BUSINESS; * PROVIDE LEASEHOLD IMPROVEMENTS TO A PROPERTY OCCUPIED BY THE BUSINESS; * CONSTRUCT COMMERCIAL REAL ESTATE AND OR LAND IMPROVEMENTS, AND * COVER SOFT COSTS ASSOCIATED WITH ANY OF THE ABOVE USES OF FUNDS. BICNY FOCUSES ON ALL INDUSTRIES AND SECTORS, INDUSTRIAL, COMMERCIAL, MANUFACTURERS, AND SERVICE FIRMS. BICNY ALSO PROVIDES LOANS TO BUSINESSES IN L
Founded
1994
Web
bicofny.org
Address
Bronx
BICNY | Business Initiative Corporation of New York The Business Initiative Corporation of New York A Small Business Lending Company located in The Bronx Our Organization Established in the Bronx in 1994 BICNY has a long and successful track record of lending across New York State. Our Success Stories Our lending programs have helped many small businesses in New York State thrive. Learn how we can help yours. The Staff Meet our experienced team who will guide you through the loan process.
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Discussions
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1. What innovative lending strategies could BICNY implement to better support underserved small businesses in the Bronx?
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Brooklyn Simmons
2 days ago
OdpovΔdΓ v diskuzi
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2. How can BICNY enhance its community outreach efforts to raise awareness about the resources and support it offers to local entrepreneurs?
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Brooklyn Simmons
2 days ago
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Together, we can make a real impact in communities around the world. Help us bring hope and support.
So inspiring to see organizations like BICNY empowering small businesses and fostering economic growth in the Bronx! Keep up the amazing work! ππ
Brooklyn Simmons
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It's incredible how BICNY provides the support that small businesses need to flourish. Great to see local initiatives boosting our community! ππΌ
Brooklyn Simmons
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