NYBDC Partners with SoBRO to Create $10 million Bronx Opportunity Fund
New York Business Development Corporation (NYBDC), in partnership with the South Bronx Overall Economic Development Corporation (SoBRO) has created "The Bronx Opportunity Fund" for eligible small businesses looking to grow or expand within the Bronx.
The loans can have a wide range of uses including purchasing new equipment, hiring new workers, working capital, etc.
Loans can range from $25,000-$350,000 on 5-10 year variable term with interest rates ranging from 6%-8%. All stages of businesses are eligible including start-ups. For more information on how to apply, click here.