Bronx Overall Economic Development logo

$10 Million Loan Program for Bronx Businesses

Bronx Overall Economic Development

Funding Amount

Up to $350,000

Deadline

Rolling / Open

Grant Type

foundation

Overview

$10 Million Loan Program for Bronx Businesses

Funder: Bronx Economic Development Corporation (BXEDC) in partnership with The Business Initiative Corporation

Geographic Scope: South Bronx, New York

Program Type: SBA Community Advantage loans

Focus Areas:

  • Small- and mid-sized businesses

  • Commercial loans for various business purposes
  • Eligible Uses:

  • Inventory

  • Payroll

  • Equipment

  • Other commercial purposes
  • Eligibility:

  • Businesses located in the South Bronx

  • Small- and mid-sized businesses

  • Loan amounts up to $350,000
  • Contact:

  • Address: 851 Grand Concourse, Bronx NY 10451

  • Email: info@bxedc.org
  • Background: This is a new $10 million loan fund launched by BXEDC in partnership with The Business Initiative Corporation, specifically targeted at supporting economic growth in the South Bronx. The fund was established using federal funding from the Bronx Empowerment Zone.

    Focus Areas & Funding Uses

    Fields of Work

    small-businesses

    Categories

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