NY Forward Loan Program Webinar
May 29 | 7:30 AM - 8:30 AM or 10 AM – 11 AM | Provided by NYSBDC
The NY Forward Loan Fund targets the state’s small businesses with 20 or fewer full-time equivalent (FTE) employees (90% of all businesses), nonprofits and small landlords that have seen a loss of rental income. It is designed to assist businesses that did not receive a loan from either the U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP) or SBA Economic Injury Disaster Loans (EIDL) for COVID-19 in 2020.
The working capital loans are timed to support businesses and organizations as they proceed to reopen and have upfront expenses to comply with guidelines (e.g., inventory, marketing, refitting for new social distancing guidelines) under the New York Forward Plan.
During the webinar you will be provided with an overview of program as well as Eligibility Components, Regional Loan Distributions, and the Application Process.