Thank you for your interest in the New York Forward Loan Fund. We have exhausted the first round of funding for this program but expect more funds in the coming months. If you are a small business owner looking for a loan, please continue to check back here for availability.
We are thrilled to announce that the New York Forward Loan Fund and its participating community lenders have made loans to 1,700 small businesses across the state. Loans have been made in 57 counties to businesses that typically lack access to credit. Nearly 90 percent of the loans have gone to small businesses, non-profits, or small property owners with 10 or fewer employees and under $1 million in annual revenues and the Fund exceeded its goal to lend at least 60 percent of funds to minority- and women-owned businesses across the state.
It was a godsend. NDC made it so easy. It took two weeks and the money was in our account. Can you feel my joy?
– Christina Miranda, co-owner of Redpoint
We are grateful to the collaborative of statewide and community partners that came together to make this program a reality. If you would like to contact a lender directly for access to other financial products and services available, please click on their logos below.
Five Community Development Financial Institutions (CDFIs) processing pre-applications are: Ascendus (formerly Accion East), Community Preservation Corporation, National Development Council, Pursuit and TruFund Financial Services.
We would like to thank our many supporters for their help in providing critical funding to small businesses, non-profits and small property owners when they needed it most.