BOC Capital Corp. received a $373,309 Project Grant from the Small Business Administration's (SBA) Office of Capital Access under the Microloan Program (CFDA 59.046) for the period July 1, 2025 through June 30, 2026. As an intermediary lender, BOC Capital Corp. will utilize this funding to provide marketing, management, and technical assistance services to prospective and current microborrowers in the Brooklyn, New York area, as well as training support for organizational staff participating in the microlending operation.
The Microloan Program award enables BOC Capital Corp. to continue its core mission of supporting underserved entrepreneurs, particularly women, minority, and low-income business owners, by facilitating access to microloans of up to $50,000 for working capital, inventory, supplies, equipment, and related business needs. The grant funding supports the organization's capacity to deliver comprehensive business training and technical assistance that complements the direct lending activities provided to startup, newly established, and growing small business concerns within underserved communities.
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