Accompany Capital's Microenterprise Development Program
120 Broadway, Suite 230New YorkNY10271
1997
Accompany Capital creates a pathway to self-sufficiency for immigrants, refugees, women, and others by providing access to capital, specialized training, technical assistance and personalized coaching. Accompany Capital is fulfilling the American Dream of inclusion by building wealth through business development & expansion, savings and homeownership for low to moderate income immigrant and female entrepreneurs.
Currently Viewing: 2017 Reporting Data
Summary
Provides Microenterprise LoansYes
Other Microfinance Types
Credit-builder Loans
Individual Development Accounts (IDAs)
Lending Types
Individual Lending
Tracks Credit ScoresYes
Reports Borrower Credit PerformanceYes
Microfinancing Volume
Number of Microloans Disbursed 347
Value of Microloans Disbursed $2,580,500
Value of Microloans Outstanding $3,398,144
Portfolio Quality
Mean Interest Rate 8.43%
Total Portfolio at Risk 8.41%
Loan Loss Rate 2.28%
Loans Past Due
30 to 60 $62,517.88
61 to 90 $46,582.02
91 to 120 $29,630.41
More than 120 $147,036.23
Other Financing Products
Small Business LoansNo
Leverage Package or Guarantee Loans?No
Services Provided
Training and Technical Assistance (TA) Services
Business Training (group based instruction)
Business Technical Assistance (one-on-one assistance)
Business Development Services
Coaching/Mentoring
Financial Literacy
Credit Counseling
Technology Services
Business Development Training
Number Receiving TA 699
Individuals Served 699
Clients Served 699
Businesses Served 699
Demographics
Gender
Women - 51.22%
Men - 48.78%
Other - 0%
Unknown - 0%
Ethnicity
Mixed-race - 0.29%
African American/African-born - 65.81%
Latino - 14.16%
White/Caucasian - 9.3%
Asian/Pacific Islander - 8.87%
South Asian - 0%
Native American/Alaska Native - 0%
Other - 1.57%
Unknown - 0%
HUD Low Income Standard
Below - 93.28%
Above - 6.72%
Unknown - 0%
Business Status
Business Status
Operating - 100%
Not Operating - 0%
Unknown - 0%
General Program Info
Area Types Served
Urban
Member Associations
Not a member of a SMA
Organization Description
Stand-Alone Microenterprise Organization
Geographic Area Served
New York
Geographic Area Served DescriptionThe Business Center for New Americans (BCNA) provides microloans and small business loans to applicants with businesses based in New York City. Our loan products allow us to provide loans for all businesses in Queens and Staten Island, and to immigrant, refugee, or women-owned businesses in Brooklyn, the Bronx, and Manhattan.
