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BOC Capital Corp.
85 South Oxford, 2nd floorBrooklyn NY, 11217-1607
CDFI Awards for BOC Capital Corp.
FA (2009) - $600,000
BOC Capital Corp. (BCC) is a certified CDFI established in 2001. BCC provides flexible and affordable micro-enterprise financing and bilingual training to its Target Market consisting of low-and-moderate income borrowers and qualifying geographic areas in New York City. BCC will use its FY09 Financial Assistance award to increase lending in its Target Market.
FA (2006) - $300,000
BOC Capital Corp. (BCC) is a certified CDFI founded in 2001. BCC provides flexible micro-enterprise financing to low income people in Brooklyn and recently expanded to include Low-Income Targeted Populations (African American and Hispanics) throughout New York City. The Financial Assistance Award of $218,561 will enable BCC to capitalize its loan pool and serve its expanded Target Market. It will use its Technical Assistance Award of $81,439 to: 1) complete a market needs analysis; 2) to engage the professional services to oversee the TA project; and 3) to purchase computers and upgrade its existing client database.
SECA (2002) - $102,000
The SECA award"s technical assistance component will enable purchase of consulting services (development of a strategic plan and marketing plan and products, plus the conducting of a financial and program audit), technology (loan tracking software and computer equipment), and board and staff training. The award"s Financial Assistance component will support expanded operations.
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Featured Government Grant Resources
Program for Investment in Micro-Entrepreneurs Technical Assistance
The Program for Investment in Micro-Entrepreneurs Technical Assistance Program is designed to decrease the number of disadvantaged micro-entrepreneurs by helping them enhance their management capabilities, by way of providing them with technical assistance and training in the areas concerning activities that are associated with starting, expanding and growing their businesses.
Small Business Administration's Portable Assistance Program
The Small Business Administration has established the Portable Assistance Program wherein they seek to provide grants to Small Business Development Lead Centers that provide services to small businesses in an effort to increase the success of small business establishments and their viability in certain communities where economic hardship is apparent and is attributable to the impact of a major disaster.
Social Entrepreneurship
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When it Comes to Social Enterprises, Failure is the Best Platform for Innovation
In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.
