Business Initiative Corporation of New York
SBA-approved Certified Development Company
About Business Initiative Corporation of New York
Business Initiative Corporation of New York is a Certified Development Company (CDC) authorized by the U.S. Small Business Administration to provide SBA 504 loans. It is based in the Bronx and lends across New York State. SBA 504 financing is a business-purpose program for owner-occupied commercial real estate and major equipment, structured as a long-term, fixed-rate loan through a partnership between a CDC, a third-party lender, and the SBA. Confirm current programs, eligibility, rates, and terms directly with the lender.
Best for
Small businesses buying, building, or improving owner-occupied commercial property with long-term, fixed-rate SBA 504 financing.
- Loan size
- Contact for details
Highlights
- SBA-approved Certified Development Company
- SBA 504 financing
- Serves all five NYC boroughs
- Owner-occupied commercial real estate and equipment
Loan programs offered
Coverage area
All five boroughs (citywide)
* Rates and terms are indicative and subject to change and credit approval. Verify all details directly with the lender.
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