BCNA Supporting Immigrant Businesses With Microloans
BCNA’s mission is to create pathways to self-sufficiency for immigrant and refugee entrepreneurs in New York City by empowering them with access to affordable credit, financial education, and training in best business practices and technology.
Since 1997, BCNA has supported immigrant and refugee entrepreneurs in New York City with over $19.2 million in loans. BCNA is an approved Small Business Administration Intermediary Lender and a certified Community Development Financial Institution (CDFI).
BCNA’s Microloan Program is the cornerstone of its services. They provide small business loans and microloans to business owners who are unable to obtain loans from traditional lenders. Loans range from $500 to $50,000 with terms up to three years. To learn more, contact Tshering Gurung at (347) 730-6468 or [email protected].
In addition to providing loans, their staff help clients create business plans, financial statements, and household budgets. They also offer credit counseling to help clients understand, improve, and repair their credit. Workshops covering small business management, social media, credit building, home ownership, and other important topics are offered regularly.
BCNA has a diverse staff that speaks 10-plus languages and dialects, including English, Spanish, Hindi, Tibetan, Nepali, Bangla, Kannada, Russian, French, Creole and several West African dialects.
Business Center for New Americans is located at 78-27 37th Avenue, 2nd Floor, Suite 1, in Jackson Heights. Learn more at nybcna.org or call (347) 730-6468.
