SENATOR JEFF KLEIN, BRONX BOROUGH PRESIDENT RUBEN DIAZ JR., BRONX OVERALL ECONOMIC DEVELOPMENT CORPORATION TO ANNOUNCE NEARLY $500,000 IN SMALL BUSINESS LOANS NOW AVAILABLE TO BRONX BUSINESSES & ENTREPRENEURS

New BOEDC Lending Program Will Grow Small Business, Create Local Jobs & Strengthen Bronx Economy

BRONX, NY – State Senator Jeff Klein (D-Bronx/Westchester), Bronx Borough President Ruben Diaz Jr., Bronx Overall Economic Development Corporation (BOEDC) President Marlene Cintron, together with Bronx small business owners and local entrepreneurs, will announce a nearly half million dollar investment in Bronx small businesses through the BOEDC Bronx Revolving Loan Fund, TODAY, March 20th, at the Bronx County Building, Suite 123 at 12:00 P.M.

The Bronx Revolving Loan Fund is a small business lending program administered by BOEDC, which uses non-traditional lending strategies to grow small business and create economic opportunity. This marks the first BOEDC lending program available to all Bronx-based small businesses, with loans ranging from  $2,000 – $50,000. Funds can be used as working capital, for the purchase of machinery or equipment, inventory and more.

WHO: State Senator Jeff Klein, Bronx Borough President Ruben Diaz Jr., BOEDC President Marlene Cintron, local small business owners and entrepreneurs.

WHAT: Klein, Diaz, BOEDC to announce nearly $500,000 in small business loans now available to Bronx-based businesses and entrepreneurs.

WHERE: Bronx County Building, 851 Grand Concourse, Suite 123, Bronx, NY 10451.

WHEN:  TODAY, March 20th at 12:00 P.M.