The Bronx Overall Economic Development Corporation (BOEDC) and the Office of the Bronx Borough Present has established the Bronx Business Continuity Loan (BBCL) with the goal of providing recovery financing to businesses of the Bronx. The Bronx Business Continuity Loan Fund was created to help sustain video businesses through these challenging times caused by the Covid19 pandemic.
The use of these funds will provide local emergency business financing and bridge loan funding until government contingency financing is in place.
For-profit entities, including service, retail and manufacturing companies operating in the Bronx and nonprofit organizations in the Bronx.
– Payroll expense
– Commercial Mortgage / Rent
– Equipment lease options
– Insurance premium expense
– Misc. business discontinuance expense