Business Initiative Corporation of New York [BIC]

We're an SBA 504 certified lender that can provide 90% financing throughout New York State. The Business Initiative Corporation of New York (BICNY) was established to promote economic development throughout the Bronx and New York.

Financing is 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 focuses on all industries and sectors including industrial, commercial, manufacturers and service firms. BICNY also provides loans to businesses in low and moderate-income communities throughout New York State.