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BOEDC COVID LOANS

The Bronx Overall development Corporation (BOEDC) and the Office of the Bronx Borough President have established the Bronx Business Continuity Loan (BBCL) with the goal of providing recovery financing to Bronx businesses.  The BBCL was created to help sustain viable businesses during the Covid crisis.

The use of these funds will provide local emergency business financing and bridge loan funding until government contingency financing is in place.

Eligible companies include for-profit entities , including service, retail and manufacturing companies operating in The Bronx and nonprofit organizations located in The Bronx. (Schools and residential buildings are excluded) 

Eligible uses include payroll expenses, commercial mortgage and rent, equipment lease payments, insurance premium expenses, miscellaneous business discontinuous expenses.

Loans are available for a minimum amount of $25,000 and a maximum of $100,000.  The loan term is up to two years (24 months) at a 0% interest rate.  First payment is due 90 days after funding.

There is a $25 application fee.  A sample application is provided. 

CONTACT RAFAEL ROGER AT 347-524-4739, EMAIL rroger@boedc.com, or Pedro Barry, 347-297-0071, EMAIL pbarry@boedc.com

Bronx Overall Economic Development Corporation Bronx Business Continuity Loan Application (Covid19-bbcl) 

Date:_________ 

Company Information 

Company Name___________________________________________________________________________________________ 

Address______________________________________________City_________________State________Zip________________ 

Principal in charge____________________________________ Cell Phone ( ) Email:___________________ 

Secondary contact person______________________ ________ Cell Phone ( ) Email:___________________ 

(In-house controller or bookkeeper) 

Type of Business________________________________________________________Date established____________________ 

Business Tel: _____________________________________ Email: _____________________________________ 

Type of entity (check one) 

Other 

Company Ownership 

Proprietorship 

Proprietorship 

Partnership 

Partnership 

Partnership 

Corporation 

Corporation 

Corporation 

Corporation 

LLC 

LLC 

LLC 

LLC 

LLC 

Name________________________________________________ Title_________________________ % Ownership________ 

Name________________________________________________ Title_________________________ % Ownership________ 

Name________________________________________________ Title_________________________ % Ownership________ 

Do any of the individuals listed in the above management section or any of their relatives have any current, former or anticipated relationship (financial or personal) with any current or former employee or Board Member of The Bronx Overall Economic Development Corporation (BOEDC)? 

No 

Yes 

If yes, provide details: ___________________________________________________________________________________ 

Affiliate Business Partners (If Applicable) 

Name________________________________________________ Owner________________________ %Ownership________ 

Name________________________________________________ Owner________________________ % Ownership________ 

Existing Business Locations 

Address______________________________________________ Square Feet ________________ Lease Payment__________ 

Address______________________________________________ Square Feet ________________ Lease Payment__________ 

References: 

Accountant ___________________________ Firm Name______________________________ Phone___________________ 

Attorney______________________________ Firm Name______________________________ Phone___________________ 

Nature of Your Business: 

Nature of your business __________________________________________________________________________________________________________ __________________________________________________________________________________________________________ __________________________________________________________________________________________________________ 

Type of products or services (include any catalogs or brochures) ___________________________________________________ 

Business Financials 

Is your business generating revenue? 

No 

How much per year? $________________________ 

How much do you need to borrow? $________________________ 

What will you use the Loan for? 

__________________________________________________________________________________________________________ 

__________________________________________________________________________________________________________ 

__________________________________________________________________________________________________________ 

Principle Information 

Name: _______________________________________________________________ 

Address: _____________________________________________________________ 

City: ___________________ State:________________________ Zip:___________________ 

Social Security #:___________________________ Phone: _______________________ Email:__________________ Permanent resident? 

No 

U.S. Citizen? 

Yes 

Yes 

Yes 

No 

No Have you or your business ever filed for bankruptcy? 

If yes, when? _____________________ 

Have you and your business filed taxes for the most recent year? 

No 

Are you or your business ever been in a collections/foreclosure? 

No 

Have you or your business ever been the subject of a litigation? 

No 

Do you or your business have any outstanding business or personal loans? 

No 

Number of credit cards or lines of credit ______________________ Estimated combined balance ___________________ 

If you answered yes to any of the above please provide an explanation for each on a separate sheet. 

Breakdown of Loan Proceed Expenditures 

Expense Type Amount $ 

Total 

Credit History 

Yes 

Yes 

Yes 

Yes 

Yes 

Checklist 

Business Information 

Business Certificate (Sole Proprietorship) 

Personal Information (for each owner of 20% or greater): 

Personal financial statement (form attached) 

For information and support in using this loan program please contact Loan Specialists: 

Pedro Barry mailto:pbarry@boedc.org Mobile: (347) 297-0071 

Or Rafael Roger mailto:rroger@boedc.org Mobile: (347) 524-4739 

Send completed application and all supporting documents to: 

Michael Nixon Credit Analyst mailto:mnixon@boedc.org Mobile (347) 297-0051 

Brief history & description of business 

Business Financial Statement for last 2 years 

Interim financial statement dated within last 60 days 

Business debt schedule (form attached) 

Federal tax returns for last 2 years 

Business License & Fictitious Business Name Statement (if proprietorship) 

Personal tax returns for last 2 years 

Articles of Incorporation & By-Laws (if Corporation) 

• President: 

• Secretary: 

Articles of Organization & Operating Agreement (if LLC) 

Partnership Agreement (if partnership) 

Franchise Agreement 



Authorization to Release Information I/We hereby authorize the release to Bronx Overall Economic Development Corporation of any information they may require at any time for any purpose related to my/our credit transaction with them. I/We further authorize the Bronx Overall Economic Development Corporation to release such information to any entity they deem necessary for any purpose related to my/our credit transaction with them. 

I/We hereby certify that the enclosed information, including any attachments or exhibits provided here within or at a later date, is valid and correct to the best of our knowledge. 

Name of applicant(s)______________________________________________________________ 

Signature of applicant(s)________________________________________________________Date__________ 

Name of applicant(s)______________________________________________________________________ 

Signature of applicant(s)_______________________________________________________Date_____________