COVID- 19 Pandemic Programming

BOC can help with COVID-19 relief through loans, grants, and PPP forgiveness.

NYS Small Business Recovery Grant Program: The New York State COVID-19 Pandemic Small Business Recovery Grant Program was created to provide flexible grant assistance to currently viable small businesses, micro-businesses and for-profit independent arts and cultural organizations in the State of New York who have experienced economic hardship due to the COVID-19 pandemic is NOW OPEN and BOC Network can help you to apply.

Grant awards will be calculated based on a business’s annual gross receipts for 2019:

  • Annual gross receipts = $25,000-$49,999: $5,000/business;
  • Annual gross receipts = $50,000-$99,999: $10,000/business; and
  • Annual gross receipts = $100,000-$500,000: 10% of gross receipts (max grant is $50,000).

For eligibility requirements and more information regarding the New York State COVID-19 Pandemic Small Business Recovery Program, please visitwww.nysmallbusinessrecovery.com

Paycheck Protection Program Forgiveness:  The PPP loan application has closed. Clients in need of assistance with PPP loan forgiveness should contact PPP@bocnet.org.

Entrepreneurs of Color COVID-19 Relief Fund: Low-interest term loans for Black- and Latinx-owned businesses impacted by COVID-19 offered by BOC Capital Corp. and partner CDFIs in the NYC Metropolitan Area. Loan maximums vary by purpose and availability of funding. Contact EOCF@bocnet.org for more information.

I have been working with counselor Rene Cruz on a second PPP draw for my own law practice as well as a first draw loan for a client of mine. I wanted to let you know that Rene has been exceptional throughout the entire process. I have been an attorney for over 15 years and have worked with many loan officers and lenders (large and small) and his customer service, response time, and willingness to go the extra mile have been wonderful.

Lauren Valente, Valente Law Co.

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The first state-of-the-art incubator and co-working space in the Hunts Point neighborhood of the South Bronx.

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MBDA Manhattan Business Center

The New York MBDA Business Center promotes minority-owned businesses' access to contracts, financing, and strategic growth opportunities.

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