States Served
Top Industries Financed
- Hotels (except Casino Hotels) and Motels
- Full-Service Restaurants
- All Other Specialty Trade Contractors
- Offices of Physicians (except Mental Health Specialists)
- Limited-Service Restaurants
Quick Summary
Business Initiative Corporatio is an SBA-certified Certified Development Company (CDC) headquartered in Bronx, New York. Since 2010, they have approved 106 SBA 504 loans totaling $120.3M, with an average loan size of $1.1M. They primarily serve New York businesses.
About Business Initiative Corporatio
Business Initiative Corporatio is an SBA-certified Certified Development Company (CDC) headquartered in Bronx, New York. Since 2010, they have approved 106 SBA 504 loans totaling $120.3M, with an average loan size of $1.1M. They primarily serve businesses in New York.
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Frequently Asked Questions
What does Business Initiative Corporatio do?
Business Initiative Corporatio is an SBA-certified Certified Development Company (CDC) based in Bronx, New York. CDCs partner with banks to deliver SBA 504 loans — a long-term, fixed-rate financing program for commercial real estate and equipment. Business Initiative Corporatio handles the SBA-backed 40% portion of the financing structure.
How many SBA 504 loans has Business Initiative Corporatio approved?
According to SBA FOIA public records, Business Initiative Corporatio has approved 106 SBA 504 loans totaling $120.3M since 2010. Their average loan size is $1.1M.
What states does Business Initiative Corporatio serve?
Business Initiative Corporatio primarily serves businesses in New York.
How do I apply for an SBA 504 loan through Business Initiative Corporatio?
To apply for an SBA 504 loan through Business Initiative Corporatio, contact them using the form on this page. You'll also need to work with a participating bank for the 50% bank portion. Before applying, prepare 3 years of business tax returns, personal financial statements, a business plan, and details about the property or equipment you're financing. Most 504 loans require 2+ years in business and a FICO SBSS score of 155+.
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