Question of the Day

Q. If I have a low credit score, am I still qualified for a business loan? Answer: We are actually more flexible in terms of credit issues compared to banks. However, the suggested credit score should be higher than 600. We also encourage people to build up their credit score and come back when their credit has improved.          

Developing Community Initiative

The neighborhoods of Sunset Park, Bensonhurst, Bay Ridge and Sheepshead Bay Brooklyn has been home to some of the fastest growing immigrant populations in New York City and has offered small businesses with many opportunities for growth and development.

To nurture the continued growth of these neighborhoods, Renaissance has introduced the Developing Community Initiative that is marketed to startup and established businesses located within these communities.

Developing Community Initiative:

  • Startup and established businesses located in Sunset Park, Bensonhurst, Bay Ridge and Sheepshead Bay Brooklyn
  • Loans of up to $100,000 and up to 5 years repayment
  • 5% Interest Rate & Up

To learn more about the Developing Community Intiative please Contact Us