BUSINESS INITIATIVE CORPORATION OF NEW YORK — Federal Contracts, Awards & Government Contractor Profile

About BUSINESS INITIATIVE CORPORATION OF NEW YORK

BICNY is a non-profit lender based in the Bronx, New York, established in 1994 with a mission to support economic development and induce private investments in New York State by providing below-market interest rate loans through the SBA 504 and 7(a) loan programs.

Providing SBA 504 loans for long-term, fixed-rate financing for real estate, major fixed assets, and capital improvementsOffering SBA 7(a) Community Advantage loans for small- to mid-sized businesses looking to scale or start new venturesAssisting with working capital needs such as payroll, rent, inventory, and equipmentFacilitating financing through partnerships with private lenders and the SBA

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Data compiled from public government sources including SAM.gov, USAspending.gov, and state procurement records. Last verified against federal award records. Inaccurate, or want this page removed? Request a correction or removal.