Open
Neighborhood Credit Fund
NYC Economic Development Corporation
Who can apply
two (2) of the following eight (8) criteria:< 3 years of operationsHas not accessed business financing from a bank in the past 3 yearsFICO score < 640Debt service coverage ratio < 2.0xUnable to provide collateral for more than 30% of the loanCertified M/WBEBusiness located in a CRA-eligible areaBusiness has a co-signerFunding StructureApproved Participating Lenders:BOC Capital Corp - 718.624.9115B
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