Brooklyn Alliance Capital, Inc. provides financing to under-served minority and immigrant entrepreneurs and low-income small business owners to increase financial stability and foster economic growth that will create jobs in Brooklyn.
Our federally certified Community Development Financial Institution (CDFI) offers micro-loans of $500 - $10,000 to small and medium size businesses.
Site Type
Eligibility
Be a BIPOC-owned (Black, Indigenous, People of Color) small business operating in Brooklyn. (At least 51% of ownership must be BIPOC)
- Was operating as of January 1st, 2019.
- Must have been adversely impacted by COVID in one or more of the following ways:
- Temporarily shut down due to COVID-19
- Permanently shut down due to COVID-19
- Showed a significant decline in revenue in 2020 compared to 2019
- Need access to capital to restart, reopen, or remain open.
- Are unable to raise/borrow capital from traditional sources on reasonable terms. (Some exceptions apply - see loan products below.)
- Have the potential to generate or retain incremental jobs in Brooklyn.
- Agree to present and adhere to a business recovery plan.
External URL
Target Geography