Donations to the Business Center for New Americans guarantee larger - and ongoing - microloans!
How does it work? BCNA's main source of low-interest loan funds is the Small Business Administration (SBA). For each dollar borrowed from the SBA, a 15% Loan Loss Reserve is required. That means that each contribution of $15 guarantees $100 in loan funds for our clients - multiplying the impact of your donation over six times.
And, as each loan is repaid, your money is still at work, guaranteeing money for new additional loans.
Your contribution, whether small or large, will help NYC entrepreneurs now and in the future.