A Certified Development corporation, the Bronx Initiative Corp., was opened this month to lend to small businesses in the Bronx.

The group will work with banks to lend money for commercial real estate or major equipment purchases through the SBA's 504 loan program.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.