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Contract Financing Loan Fund

BOC CAPITAL CORP

Foundation Rolling (Quarterly) Small Business GrantsGrants for StartupsGrants for Minority-Owned Businesses
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Funding Amount

Up to $250,000 (standard); Up to $500,000 (NYC partnership program)

Deadline

Rolling / Open

Grant Type

foundation

Overview

Contract Financing Loan Fund

Funder: BOC Capital Corp (Brooklyn, NY)

Status: Active

Geographic Scope: Primarily New York City; partnership with NYC Department of Small Business Services for enhanced terms

Focus Areas:

  • Short-term capital for small businesses with government contracts or private sector purchase orders

  • Construction contracts

  • Service contracts

  • Purchase orders

  • Labor, materials, and equipment costs

  • Cash flow bridging for receivables

    • Award Amounts:

  • Standard program: Up to $250,000

  • NYC Department of Small Business Services partnership: Up to $500,000 at 3% APR

    • Eligibility Requirements:

  • Must have an operating business

  • Must be applying as a prime or sub-contractor

  • Must have a contract with a City agency or NYC Economic Development Corporation (NYCEDC)

  • Small-scale contractors who may not qualify for traditional commercial loans

    • Target Applicants:

  • Hard-working entrepreneurs hindered by lack of access to capital

  • Small businesses in construction and service industries

  • Community-based small businesses

    • What They Fund:

  • Labor costs

  • Materials costs

  • Equipment costs

  • Project mobilization

  • Receivables and cash flow needs

    • Organization Background: BOC Capital Corp is a 501(c)(3) not-for-profit Community Development Financial Institution (CDFI) dedicated to helping community-based small businesses and entrepreneurs increase sustainability and growth potential.

    Contact Information:

  • Phone: +1 (718) 624-9115

  • Email: boccapital@bocnet.org

  • Address: 85 South Oxford Street, 2nd Floor, Brooklyn, NY 11217

  • Website: boccapital.org

    • Non-Discrimination Policy: BOC Capital Corp is committed to fair and equal access regardless of race, color, religion, sex, national origin, age, disability, familial status, sexual orientation, gender identity, or any other protected characteristic.

    How to Apply

    Application Process

    1. Initial Inquiry: Contact BOC Capital Corp to discuss eligibility and program fit
    - Phone: +1 (718) 624-9115
    - Email: boccapital@bocnet.org

    2. Online Application: Submit application through the loan portal
    - Portal: https://boccapital.loanwell.com

    3. Review and Approval: BOC Capital reviews application and contract documentation

    Required Materials

    • Proof of operating business
    • Documentation of contract with City agency or NYCEDC (for standard or enhanced program eligibility)
    • Business information and identification
    • Contract or purchase order documentation
    • Additional documentation as requested by loan officer

    Submission Format

    • Online portal submission at https://boccapital.loanwell.com
    • May include in-person consultation at Brooklyn office

    Additional Services

    • Practical business counseling
    • Business training
    • Management support
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    Focus Areas & Funding Uses

    Fields of Work

    small-businessesstartupsminority-businesses

    Categories

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    Small Business GrantsGrants for StartupsGrants for Minority-Owned Businesses

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