PHASE ONE OF THE NEW YORK FORWARD LOAN FUND HAS BEEN SUCCESSFULLY DEPLOYED
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.
If you are a small business owner looking for a loan, enter your email below and we will notify you when additional funding is available through the program.
Phase One Success
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.
1
loans given to small businesses across the state
1
%
given to businesses with 10 or fewer employees
1
%
received by minority & women-owned businesses
In their words
Feedback from recipients of New York Forward loans
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
The process was simple and [Pursuit] understood our business plan and where I wanted to see it go. They believed in Tech Valley and approved a loan.
– Trent Griffin-Braaf, owner of Tech Valley Hospitality Shuttle
The application and approval process were easy, really, straightforward… As far as business loans go, it all felt very personal and nice.
– Juliette Hermant, owner of Maison Bergogne
I am so thankful to Ascendus for the help provided during the very hard and difficult times of the pandemic.
– Lia Di Angelo, owner of Westbury Floral Designs
Thank you to our partners
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.
