• Business Loans from $500-$50,000 - Our business loan product offers a wide spectrum of financing for your business. Whether you need a loan to purchase inventory, update your equipment, pay accounts receivable, or manage your debt, our lending team will treat your application with care and personal attention. If you are in need of financing for amounts greater than we offer, we may be able to connect with other lenders in our network to help your business get the money that it needs.

• Loans for start ups and established businesses -At Brooklyn Cooperative, we will consider loan applications from any business regardless of their history. Even if you are just starting out, we may be able to provide you with the financing you need to make your business dream a reality!

• Flexible terms, competitive rates - At Brooklyn Cooperative, we understand that businesses need flexibility when repaying a loan. That is why we provide our business clients with flexibility in choosing a payment plan that is right for them. Our terms go up to a maximum of 12 years, and there is no prepayment penalty.

• Fast Turnaround — get a response within five business days!

Brooklyn Coopeartive's participation in New York City's Capital Access Loan Guarantee Program enables it to offer loans to eligible micro and small enterprises with collateral support of up to 35% of lhe loan amount (i.e. a 35% guarantee).  Other benefits of this program include a fixed interest rate of 10% for the life of the loan, as well as referrals to small business counseling and training.

Eligibility
Loans are available to retailers, manufacturers, wholesalers, non-profit organizations, contractors and distributors who conduct thei rbusiness or live in Brooklyn.  Loan sizes are up to $100,000 and loans are evaluated according to Brooklyn Cooperative's regular underwriting standards.

Loan proceeds should be used for working capital, leasehold improvements, equipment purchases, and start-up loans.

The Capital Access Program charges a 3% processing fee on all loans.

You can get started by downloading the loan application from our website. If you are a start up (less than two years in business), click here . For other business owners or more information on application requirements and our business services, please call Bartley Higgins at (718) 418-8232 x 301, or drop by the credit union today!