Brooklyn Alliance Capital, Inc.

The BrooklyEXCELerate loan is for BIPOC led businesses located in Brooklyn. Borrowers can request up to $100,000 to help their businesses grow and expand. The loans do not require collateral or a guarantor. Your final amount requested might be different after we determine your business viability, debt ratio, and ability to repay. Your counselor will walk you through the process and give you more information or you can email: [email protected]

First fill out the inquiry form. A representative from Brooklyn Alliance Capital or TruFund will contact you to review your eligibility and your loan request. A link will be sent to you if you are eligible to complete the application. Your counselor will let you know what documents to prepare. At the very minimum we will need your 2019 tax return, your character reference letter, and your Recovery Template filled out.

No, you do not.

If you receive a loan below $15,000 there is zero-interest. If you receive a loan between $15,000 to $100,000 the interest is only 2%, well below current bank and CDFI rates.

Once we receive your inquiry form, you will receive a call from a counselor within 48 hours. We will determine eligibility and explain the documentation needed. Once we receive your completed documentation, our review will take no more than 2 weeks. We will contact you with a decision and loan closing will take no more than a week. If you have any questions or are not clear on the documentation needed, we are always here to help. You can send an email to [email protected] throughout the application process to get 1-1 assistance.

Unfortunately, the BrooklynEXCELerate loan is only for Brooklyn based businesses. However, our partners can help you find capital for your business through other programs. Feel free to contact Stevenson Joseph at [email protected]

Yes! The BrooklynEXCELerate loan was created for BIPOC business owners who may have been credit impacted due to the pandemic. Loan amounts are based on your business viability and your ability to repay. Start the inquiry form now and a counselor from Brooklyn Alliance Capital or TruFund will contact you and discuss your situation.

The BrooklynEXCELerate loan is an unsecured, no collateral loan. As a result, underwriting is based on your business viability. Viability will be based on at minimum a review of 2019 tax returns. Underwriters will review your business performance in 2019. If you did not make a profit or breakeven,they will ask for more information. If your business has had a loss since operating, you may not be eligible for this loan. However, we are working with partners that can help you understand how to find the right source of capital.

Yes! We encourage you to fill out the inquiry form so our counselors can discuss the right loan request for you. The BrooklynEXCELerate loan was created to ensure that BIPOC businesses have access to capital to help their business grow.

The Social Justice Fund believes in supporting the community. The BrooklynEXCELerate loan is a $2.5M investment in the Brooklyn BIPOC business community. Similar to a sou-sou, the fund wants the $2.5M invested to stay circulating within the BIPOC community. As businesses repay the loans, that money is then lent out to other businesses who also needs help. This keeps the investment circulating within the community.