BOC Capital

What BOC Capital does

BOC Capital Corp. (legal entity: Business Outreach Center Network, Inc.) is a 501c3 nonprofit Community Development Financial Institution (CDFI) founded in 2001 and headquartered in Brooklyn, New York. The organization provides small business financing ranging from $500 to $500,000, complemented by one-on-one business advisory services, to underserved entrepreneurs across the five boroughs of New York City and select counties in New York and New Jersey. Its loan product suite includes SBA Microloans ($500-$50,000), SBA Community Advantage loans ($50,000-$250,000), NYC Contract Financing (up to $500,000 at 3% APR for NYC government contracts), Term Loans, Green Loans, Order-Based Loans, the Empire State Development Small Business Revolving Loan Fund, and the Community Economic Development Revolving Loan Fund.

Revenue is generated primarily through interest and fees on these loan products, with the organization relying heavily on federal, state, and city subsidy programs that fund or guarantee lending activity. BOC Capital is distinguished by three core certifications — CDFI status from the U.S. Department of the Treasury, SBA Microlender, and SBA Community Advantage 7A Lender — and by an ecosystem of partnerships with NYC Department of Small Business Services, NYCEDC, Empire State Development, BOC Network, JP Morgan Chase Foundation, Columbia University, and a roster of bank partners. Beyond direct lending, the organization runs special programs such as ConstructNYC, the Bronx BOC Business Peer Exchange, the NYS Business Growth Accelerator, WE Master Money, the BOC Women's Business Center, and the Manhattan MBDA program, providing capacity-building and contract readiness services to construction, architecture, engineering, food services, women-owned, and minority-owned businesses. The organization is led by Executive Director Nancy Carin and operates from offices in Brooklyn, Bronx, Queens, and Corona with an 11-50 employee base. The technology stack is minimal, with no proprietary digital platform, app, or AI-driven underwriting disclosed; loan decisions are described as character- and opportunity-driven, with human counseling throughout the application and servicing lifecycle.

Name

BOC Capital

Legal name

Business Outreach Center Network, Inc.

Website

https://boccapital.org

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

BOC Capital Corp. is a 501c3 nonprofit CDFI founded in 2001 that provides small business loans ($500 to $500,000) and advisory services to underserved entrepreneurs across New York City, surrounding NY counties, and parts of New Jersey, leveraging SBA, CDFI Fund, and city program capital.

Ownership category

akta.pro rank

Product category

Community Development Small Business Lending

NAICS

Nondepository Credit Intermediation (5222), Sales Financing (522220)

SIC

Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

SBA/Government-Backed & Development Finance Loans (FSAKAGAI)

akta.pro secondary industry

SBA/USDA Government-Backed Loan Intermediation (FSAEAEAI)

Keywords

• Small business lending
• Community development finance
• SBA microloan programs
• Contract financing loans
• Business advisory services

Headquarters

HQ city

Brooklyn

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Loan Interest Income: BOC Capital generates revenue through interest charged on various loan products including SBA Microloans, SBA Community Advantage loans, Contract Financing loans, Term Loans, Green Loans, and Order-based loans. As a 501c3 nonprofit CDFI, revenue supports the organization's mission of providing affordable capital to underserved entrepreneurs.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

BOC Capital Corp. is a 501c3 not-for-profit community development financial institution (CDFI) that provides direct small business loans ranging from $500 to $500,000 through SBA-backed, NYC government, and proprietary programs, paired with one-on-one business advisory services. Loan products include SBA Microloans, SBA Community Advantage loans, NYC Contract Financing (up to $500,000 at 3% APR), Term Loans, Order-Based Loans, Green Loans, the Empire State Development SBRLF, and the Community Economic Development Revolving Loan Fund. Advisory services span credit evaluation and repair, loan readiness preparation, financial management training, and financial statement preparation assistance for underserved entrepreneurs across New York City and surrounding counties.

Product overview

BOC Capital Corp. is a community development financial institution (CDFI) offering a comprehensive suite of small business financing products and advisory services. The core offering consists of multiple loan products including NYC Contract Financing (up to $500,000 at 3% APR for NYC government contracts), Order-Based Loans ($500-$250,000 for purchase orders), Term Loans ($500-$250,000 for equipment and working capital), and Green Loans ($1,000-$75,000 for environmental projects). These are complemented by SBA-backed programs including the SBA Microloan Program ($500-$50,000) and SBA Community Advantage Loan Program ($50,000-$250,000), as well as state programs like the Empire State Development SBRLF and Community Economic Development Revolving Loan Fund. Beyond lending, BOC Capital provides advisory services including credit evaluation, loan readiness preparation, and financial management training, along with special programs such as Construct NYC, Bronx BOC Business Peer Exchange, NYS Business Growth Accelerator, WE Master Money workshops, BOC Women's Business Center, and Manhattan Minority Business Development Agency.

Differentiator

Problem solved

Functional benefit

Products and services

• SBA Microloan Program Affordable term loans from $500 to $50,000 for small businesses and certain not-for-profit childcare centers for startup and expansion needs, including working capital, inventory, supplies, furniture, fixtures, machinery, and equipment.
• SBA Community Advantage Loan Program
• NYC Contract Financing Loan Fund Customized loans up to $500,000 for businesses with construction and/or goods and services contracts with a NYC agency or NYC Economic Development Corporation (NYCEDC). Funded by NYC Small Business Services and NYCEDC, supporting mobilization and cash flow needs with a 3% APR for eligible loans.
• Term Loans Loans from $500 to $250,000 with repayment terms up to 7 years for equipment purchases, working capital, and other business purposes.
• Order-Based Loans Loans from $500 to $250,000 to finance production related to purchase orders or contracted services.
• Green Loans Loans from $1,000 to $75,000 with repayment terms from 1 to 5 years for environmental businesses and projects improving energy efficiency of existing businesses.
• Empire State Development Small Business Revolving Loan Fund (SBRLF)
• Community Economic Development (CED) Revolving Loan Fund Loans from $25,000 to $75,000 for equipment purchases and working capital, offered in collaboration with Business Outreach Center Network to support businesses that drive sustainable community business development and job creation.
• Advisory Services One-on-one advisory services including credit evaluation and repair, loan readiness preparation, financial management, and financial statement preparation for underserved entrepreneurs.

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• BOC Network (Business Outreach Center Network)coreStrategic or Co-development PartnerBOC Capital is an affiliate of BOC Network, a partnership of centers offering free advisory services to small businesses throughout all five boroughs of NYC and Greater Newark, NJ.
• NYC Economic Development Corporation - ConstructNYCminorStrategic or Co-development PartnerConstructNYC is sponsored by NYCEDC and creates opportunities for small-to-medium firms through technical and building concept trainings, qualifying candidates to bid on NYEDC projects.
• Columbia University Facilities & OperationsminorStrategic or Co-development PartnerCollaboration with Columbia University Facilities & Operations as part of the Ascend NYC program, supporting the Bronx BOC Business Peer Exchange.

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Grameen America: Grameen America is a nonprofit microfinance organization providing small loans, financial education, and peer support to women entrepreneurs in low-income communities. Like BOC Capital, it operates a CDFI-style mission-driven lending model targeting borrowers rejected by traditional banks.
• Accion Opportunity Fund: Accion Opportunity Fund (formerly Opportunity Fund, now part of Accion) is a CDFI providing small business loans, SBA 7(a) microloans, and advisory services to underserved entrepreneurs. It directly competes with BOC Capital in the SBA Community Advantage and microlending space for thin-file SMBs.
• LiftFund: LiftFund is a nonprofit CDFI providing small business loans (microloans up to $250K), SBA loans, and business coaching to underserved entrepreneurs, primarily across the U.S. South. Same SBA microlender/Community Advantage model and mission-driven underwriting philosophy as BOC Capital.
• Justine Petersen Housing & Reinvestment Corporation: Justine Petersen is a nonprofit CDFI providing small business loans, credit-building, and entrepreneurial training to low-to-moderate income borrowers. It operates SBA Microloan and Community Advantage programs with similar advisory-service model to BOC Capital.
• TruFund Financial Services: TruFund is a nonprofit CDFI providing small business loans, SBA loans, and financial advisory services to underserved entrepreneurs in low-income communities across multiple states. Directly comparable in product mix and target borrower profile to BOC Capital.
• CDC Small Business Finance: CDC Small Business Finance is a CDFI and SBA Community Advantage lender providing SBA 504 and 7(a) loans to underserved small businesses. It operates the same SBA guarantee-driven small business lending model as BOC Capital, though with a different geographic focus (California-leaning).
• Nonprofit Finance Fund: Nonprofit Finance Fund (NFF) is a CDFI providing loans, advisory, and capacity-building services primarily to nonprofits and social enterprises. Overlaps with BOC Capital on the CDFI mission, advisory-plus-capital model, and reliance on program-related investments.

Broad incumbents

• Community Reinvestment Fund (CRF): Community Reinvestment Fund is one of the largest national CDFIs, providing capital and credit-building solutions to small businesses, nonprofits, and communities underserved by mainstream finance. Comparable to BOC Capital as a CDFI small business lender, but operating at much greater scale and national reach.

Emerging players

• Pacific Community Ventures: Pacific Community Ventures is a nonprofit CDFI providing loans, advising, and impact investing to small businesses in underserved California communities. Comparable to BOC Capital on mission and small business lending focus, with a more limited geographic scope and product breadth.
• Kiva: Kiva is a nonprofit online microlending platform enabling crowdfunded 0% interest loans to underserved entrepreneurs globally. While Kiva's model is more digital/crowdfunded, it competes for the same underserved small business borrower segment that BOC Capital serves through its microlending programs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks3 records

Key highlights7 records

Customer concentration

• Xx.com/BocCapital
• LinkedInlinkedin.com/company/boc-capital-corp

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments5 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BOC Capital