New York Forward Loan Fund

New York Forward Loan Fund

We hope you are well as the metropolitan area seems to be finally on the downside of the COVID-19 pandemic.  We look forward to getting the Jamaica Avenue, Jericho Turnpike and Braddock Avenue businesses up and running.  It has been a long, hard push and recovery will be hard.  We found the below information and hope that it is helpful in getting back on your feet and keeping your employees working.

The Joint Bellerose Business District Development Corporation wants our merchants to be aware of the following program:

New York Forward Loan Fund

The $100 million New York Forward Loan Fund (NYFLF) has been established to provide flexible and affordable loans to help small businesses, focusing on minority and women owned small businesses, that did not receive federal COVID-19 assistance. The state will take a smart, targeted approach for distributing these loans, focusing on businesses with 20 or fewer employees and less than $3 million in gross revenues.

An overview of the NYFLF can be found on the Empire State Development website. Interested nonprofits can access Information on How to Apply, Frequently Asked Questions, and a Presentation summarizing this opportunity.