Loans – Mayor de Blasio pronounces small enterprise loan program to New York Metropolis retailers affected by coronavirus recession
Town plans to supply the loans to companies in low- to moderate-income ZIP codes that preserve between two and 99 workers and which were working since Jan. 1, 2018. The reduction loans can have 0% curiosity and max out at $100,000, officers mentioned.
Jonnel Doris, commissioner of the Division of Small Enterprise Providers, mentioned his company can be working with 11 community-based lenders to cut back enterprise debt.
“The loans and grants that the Small Business Services Department have are invaluable,” mentioned Carmen Ferreyra, founding companion of the Porteñas café in Williamsburg. Ferreyra joined de Blasio and Doris on the briefing Wednesday morning.
After 15 years in enterprise, Porteñas struggled in the course of the early days of the pandemic. Following a two-week shutdown, the café was in a position to regain its footing by advertising and marketing its providers to well being care staff and getting metropolis loans. Since receiving the help, Porteñas has expanded to a second location.
“You need to apply,” Ferreyra mentioned. “They answer all my emails, and I send a lot of emails.”
To use for a small-business loan, go to nyc.gov/smallbussinesssupport.
“It’s been a long road for our small-business community,” Doris mentioned. “We are committed to making sure that the resources our small businesses need, they get.”
