Business Center for New Americans
Business Center for New Americans
Business Center for New Americans provides microloans to refugees, immigrants, women and other New Yorkers.
Headquarters: New York, N.Y.
Number of loans: 112

The BCNA's stated mission is to ''assist immigrants, refugees, women, and others in need to achieve self-sufficiency and wealth creation.''

Since 1997, that's what it's done. As of March, the nonprofit has made 1,060 microloans, worth $8 million. Some of these loans are as little as $500, and are used to help would-be entrepreneurs establish a credit history.

Anyone in Queens or Staten Island with a qualifying business can apply for a loan. Immigrants, refugees, and women in the other three boroughs can apply as well.

The nonprofit disbursed 112 loans in 2008.

Source: The top 10 largest microlenders were taken from the U.S. Microenterprise Census, conducted in 2009 by FIELD at the Aspen Institute. The list , which is the most recent from the Institute, presents results based on the number of microloans (loans of $35,000 or less) disbursed by 362 U.S. microlenders throughout fiscal year 2008.
Last updated July 15 2011: 3:46 PM ET
Join the Conversation
10 most affordable cities to do business

Los Angeles is just one of 10 most affordable cities for doing business, according to a study by PricewaterhouseCoopers and the Partnership for New York City. More

Most Popular

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.