WHO WE ARE
The Business Initiative Corporation of New York (BICNY) mission is to support economic development and induce private investments in New York State by providing below-market interest rate loans and long-term capital to the business community. These efforts will result in creating much needed jobs in The Bronx, as well as in the state, by assisting small businesses to grow and expand by acquiring below-market rate loans from the SBA and additional funds from private lenders.
We provide financing to:
- Purchase commercial real estate that will be occupied by the business
- Purchase machinery and equipment to be used by the business
- Provide leasehold improvements to a property occupied by the business
- Construct commercial real estate and/or make land improvements
- Cover soft costs associated with any of the above uses of funds
BICNY has access to experienced advisers, small business experts, financial lenders and community leaders who work together to help businesses grow. Meet our leadership.