Governor Cuomo Launches $100 Million New York Forward Loan Fund to Help Small Businesses

Posted to Applied Web NY on Fri, 05/22/2020 - 16:20

Amid the ongoing COVID-19 pandemic, Governor Andrew M. Cuomo today announced the launch of the $100 million New York Forward Loan Fund 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. Businesses interested in receiving a loan should visit esd.ny.gov/nyforwardloans.

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