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NEW YORK FORWARD FUND LOAN
NYFLF - NEW YORK FORWARD FUND LOAN

THE CHALLENGE

Small businesses are critical to New York’s economy, yet many struggle to access the financial resources needed to recover from prolonged downturns like the COVID-19 pandemic.

 

While some regions have rebounded, others—especially underserved business corridors—still face funding gaps and market instability. Without targeted support, these challenges risk widening economic disparities and slowing long-term recovery.

THE OPPORTUNITY

The New York Forward Loan Fund Trust (NYFLF), a new $100M loan fund, provides flexible, low-interest capital to small businesses, nonprofits, and small landlords in New York State reeling from the economic impact of COVID-19.

 

The Trust enables partner CDFIs to service small and local businesses and nonprofits. Loans to these organizations and the technical assistance that accompanies them, will provide organizations with the support they need to reopen and navigate a new economic reality. LISC Fund Management manages NYFLF capital, which will be distributed via five CDFIs.

NYFLF IMPACT

6,410

JOBS CREATED

OR PRESERVED

New York Loan Fund Map

WHO IS ELIGIBLE

Qualifying Investments

  • Small businesses, nonprofits & small landlords

  • Have not received a loan from either the U.S. Small Business Administration (SBA) Paycheck Protection Program or SBA Economic Injury Disaster Loans for COVID-19 in 2020

 

For full loan terms & qualifications see NYFLF Overview

 

Loan Terms

  • Eligible non-profits can apply for a 60-month, no-fee loan at 2% fixed interest

  • Eligible small businesses and small landlords can apply for a 60-month, no-fee loan with a 3% fixed interest rate

  • The maximum loan amount is $100,000

 

To fill out a pre-application for a loan at NYloanfund.com

General Information

NYFLF Website

Loan Originating CDFI Contacts

Frequently Asked Questions

Organizations Available to Assist

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