Small Business Loan Eligibility

The Business Center for New Americans provides microloans and small business loans to applicants with businesses based in New York City. 

Our loan products allow us to provide loans for all businesses in Queens and Staten Island that meet the requirements below, and to immigrant, refugee, or women-owned businesses in Brooklyn, the Bronx, and Manhattan that meet the requirements.


  • Business location
    • Queens or Staten Island (any business)
    • Manhattan, Brooklyn, or the Bronx (immigrant, refugee, or woman-owned businesses)
  • Business type
    • Retail, light manufacturing, restaurants, and service businesses
  • Loan amount
    • Up to $50,000
  • Equity (cash on hand)
    • A minimum of 20% of the amount of loan requested
  • Guarantor (co-signer)
    • For a loan of $3,001 to $50,000, a guarantor with an acceptable income level and good credit history must co-sign the loan
  • Business history
    • Existing businesses need a minimum of 3 – 6 months of verifiable revenue
    • Start-ups must provide a start-up budget


Please note that we also offer Quick Action Short Term Working Capital Loans for all New York City-based businesses: click here for more information. And, if you do not qualify for one of our loans, we are happy to help you find another microlender with whom you can work.