BOC Capital Corp.

BOC Capital Corp. is pleased to announce financing opportunities to help small businesses secure and deliver on construction contracts. BOC Capital is offering loans to cover contract-related labor and equipment costs in order to mobilize or bridge contract-based needs.

Loan Amounts: $20,000 -$ 150,000

Interest Rate: 10% APR (0.83% per month)

Terms: 3 months - 12 months

As a mission-based lender, BOC Capital is looking forwared to helping minority-owned, woman-owned and small-scale construction contractors succeed and grow. Through this innovative collaboration, BOC Capital is intensifying its focus on the construction industry with the aim to improve the economic prospects of hard-working men and women in construction whose opportunities are hindered by lack of access to capital and management support.

Short-term loans of $20,000-$150,000 are available to your construction business if you meet the following criteria:

In operation for at least 2 years
Revenues up to $7 million
Employ a minimum of two permanent or temporary employees
Are being considered for a construction contract
Are authorized to do business in the New York metropolitan area

Build it Back

If you are a contractor working with Build it Back as a subcontractor, you are also eligible for financing.

For more information please click here for our flyer
Contract-Based construction Loans - In the News
New Load Fund to aid small city contractors, Crain's., February 11, 2014 View Article

Press Release: Affordable Working Capital Loans to Help Small Businesses Secure and Deliver on Construction Contracts Click here to view/print

BOC Capital staff are readily available to assist you through the application process.

Contact: Katy Rivera
Phone: (718) 624-9115
Email: krivera@bocnet.org

About BOC Capital

BOC Capital Corp. is a Community Development Financial Institution and SBA Microloan Intermediary dedicated to providing financing and management support to underserved entrepreneurs and small businesses to launch, stabilize and grow. BOC Capital provides loans from $1,000 to $150,000 to community businesses in New York City, Westchester County and Long Island. BOC Capital has loaned over $9.5 million to small businesses including contract-based loans for design/manufacturers and M/WBE contractors. Affiliate Business outreach Center Network delivers comprehensive microenterprise and small business development services through local centers in all five NYC boroughs with a focus on underserved communities and immigrant, minority, women and low-income entrepreneurs.

Goldman Sachs 10,000 Small Businesses is an initiative to unlock the economic growth and job-creation potential of 10,000 small businesses across the United States through greater access to business education, financial capital and business support services.www.gs.com/10ksb

Surdna Foundation is a private, grantmaking foundation located in New York City that seeks to foster sustainable communities in the United States — communities guided by principles of social justice and distinguished by healthy environments, strong local economies, and thriving cultures.

BOC Capital Corp. is a Community Development Financial Institution (“CDFI”) dedicated to providing micro-enterprise and small business financing with a special focus on small-business, women, minority, and immigrant entrepreneurs in low-income and underrepresented communities.

The Department of Small Business Services (SBS) makes it easier for businesses in New York City to start, operate and expand by providing direct assistance to business owners, fostering neighborhood development in commercial districts, and linking employers to a skilled and qualified workforce.