New York Forward Loan Fund

Application Information Requirements – Small Businesses

As part of the formal application, the loan applicant must provide the following documentation:
  • Most recently filed tax returns, if available and required by the lender; if not available, internally generated financial statements or other documentation used to determine cash flows;
  • Schedule of ownership (name, address, Social Security number, phone number, email, percentage ownership, photo ID for any owners with more than 20% ownership);
  • Executed Attestation Form (to be provided by lender);
  • Brief description of COVID-19 impacts on jobs and revenues;
  • Evidence of legal formation of business entity (Articles of Incorporations and/or Bylaws); and
  • Personal Credit Report (if applicable).

Application Information Requirements – Nonprofits

As part of the formal application, the loan applicant must provide the following documentation:

  • Most recent audited or reviewed financial statements, as applicable, and most recent internal financial statements, if available;
  • Most recently filed IRS form 990;
  • Proof of IRS nonprofit status,
  • Evidence of legal formation of nonprofit entity (Articles of Incorporations and/or Bylaws);
  • Executed Attestation Form (to be  provided by lender);
  • Information of the nonprofit’s executive team member signing (name, address, Social Security number, phone number,  email, photo ID);
  • Brief description of COVID-19 impacts on jobs and revenues; and
  • Nonprofit board approval and resolution.

Application Information Requirements – Landlords

As part of the formal application, the loan applicant must provide the following documentation:

  • Most recently filed tax returns, if available and required by the lender;
  • 2019 Income and Expense statement;
  • Property Rent Roll showing economic impact;
  • Schedule of ownership (name, address, Social Security number, phone number,  email, percentage ownership, photo ID for any owners with more than 20% ownership);
  • Executed Attestation Form (to be provided by lender);
  • Hardship Letter specifying COVID-19 impacts on jobs and revenues;
  • Forbearance Disclosure Statement;
  • Evidence of legal formation of business entity (Articles of Incorporations and/or Bylaws); and
  • Personal Credit Report (if applicable).

A participating Community Development Financial Institution (CDFI) lender will reach out to the loan applicant to collect the required documentation, conduct any credit checks, and finalize the application review process.

Due to the high expected demand, the number of New York Forward loans will be limited. Applications will be reviewed on rolling basis as regions and industries are phased to reopen.  Please note that submitting an application is not indication of eligibility or that funding will be approved.

We therefore recommend applying as soon as possible. In the event the website is overwhelmed, we recommend checking back often to submit your pre-application.