The New York City Department of Small Business Services, alongside financial numerous partners, has launched a new loan fund designed to help small businesses grow, expand, and respond to continued challenges as NYC emerges from COVID. Businesses city-wide are eligible, including office and startup businesses. If your revenue is under $5 million annually, you could qualify.
These loans are low interest, and monthly payments are minimal. Depending on the size of your organization you could receive anywhere from $2,500 to $250,000. We strongly recommend all eligible businesses consider applying. Click here to learn more about the program.
The Fund was created specifically for NYC small business owners, developed and administered by local partners – including the NYC Department of Small Business Services (SBS), Goldman Sachs’ One Million Black Women, Mastercard Center for Inclusive Growth, local Community Development Financial Institutions (CDFIs – non-profit community-based financial institutions), and local small business centers that understand your community and customers.