Empowering Entrepreneurs, Strengthening our Economy

Qualifications for a BOC Capital Microloan

MicroenterpriseBoostProgramAwardWinners2007To the best of your knowledge, will any of the items below be in your credit report?

  • Active bankruptcy
  • Bankruptcy chapter 7 in the last year
  • Foreclosure or repossession in the last year
  • Unpaid write-off or collection accounts within the last 6 months
  • Unpaid public records (tax liens or civil judgments) not on active repayment plan
  • Any of your credit accounts 90+days past due
  • Presently have an active bankruptcy
  • Owe child support
  • Presently delinquent in your mortgage and/or your vehicle account

If your credit report shows any of these items, you do not qualify for a loan under the BOC Capital program’s guidelines.


BOC Capital requires all loans to be secured with assets. Acceptable assets are:

  • Business assets
  • Personal/business vehicles
  • Commercial and/or residential real estate


The borrower is expected to invest a percentage of his/her own equity into the project.

Personal credit

For loans over $5000, the borrower is expected to have his/her personal credit in good shape.

Business Plan

Start-ups: business plan with at least 12 months projections is needed.

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Camino a la Iniciativa Empresarial – Yonkers

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