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.

Collateral

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

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

Equity

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.

Register For Events!


  1. Keep Your Day Job While Starting Your Business!

    October 25 @ 12:00 pm - 1:00 pm
  2. Fall Networking Event & Lillian Vernon Award Presentation

    November 5 @ 6:30 pm - 8:30 pm
  3. Harassment Free Workplaces- White Plains

    November 8 @ 8:30 am - 11:30 am
  4. WEDC en Español Presenta: Primer Evento de Networking 2018

    November 15 @ 6:00 pm - 9:00 pm
  5. Peer Mentoring Program

    November 19 @ 6:30 pm - 8:30 pm
  6. Path to Entrepreneurship Program

    November 27 @ 6:00 pm - 8:00 pm
  7. Harassment Free Workplaces – Poughkeepsie

    November 28 @ 9:00 am - 12:00 pm
  8. Aumente Sus Ventas a Través de Redes Sociales y Sitio Web- Poughkeepsie

    December 12 @ 6:00 pm - 8:00 pm
  9. 60 Hour Entrepreneur Training Program Spring 2019 Mid-Hudson

    February 13, 2019 @ 6:00 pm - 9:00 pm
  10. Programa de Entrenamiento Empresarial Primavera 2019- Poughkeepsie

    February 26, 2019 @ 6:00 pm - 9:00 pm
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