Areas Served: Washington Heights and Inwood, which is defined as all of Manhattan north of 155th Street in addition to Harlem and the Western Bronx.
The Washington Heights and Inwood Development Corporation (WHIDC), through its Business Opportunity Success System (BO$$) micro business development program, operates a loan program to service very small businesses.
From its first loan in April of 1995 through February of 2011, the program has awarded over $5,120,000 to 361 microentrepreneurs.
Our maximum loan size is $50,000, although we do make larger loans to certain targeted business types that show particular potential and have documented needs.
Most BO$$ loans are made to business operators who either live in or operate their business in Washington Heights and Inwood, which is defined as all of Manhattan north of 155th Street.
We also make loans in Harlem and the Western Bronx.
BO$$ Loans are made only to individuals.
Individuals may apply for a loan on behalf of their corporation or partnership, but will be personally liable for the loan.
Loans can be used for any legitimate business purpose such as cash flow, equipment, inventory or debt refinancing.
Micro business owners/entrepreneurs may apply for a BO$$ loan in any amount from $400 to $50,000.
Contact InformationWashington Heights and Inwood Dev. Corp
Address: 57 Wadsworth Avenue
City: New York
State: New York
Website:
http://www.whidc.org/programs.html#_bossloan
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