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Find similar grantsNYC Small Business Opportunity Fund is sponsored by Renaissance Economic Development Corporation. This fund provides access to flexible, affordable capital and free business support services to small business owners and emerging entrepreneurs in New York City.
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NYC Small Business Opportunity Fund My Loan Donate Contact Us NYC Small Business Opportunity Fund About the NYC Small Business Opportunity Fund • The NYC Small Business Opportunity Fund provides access to flexible, affordable capital and free business support services to small business owners and emerging entrepreneurs in New York City.
• All loans and services are available through a network of local, mission-based lenders, which includes Renaissance Economic Development Corp. • The easy application process helps you determine eligibility quickly and guides you through the requirements.
• The Fund serves all NYC-based small businesses in New York City’s five boroughs including: - Businesses located in low- and moderate-income (LMI) communities - Immigrant business owners - Early-stage businesses with less than two years of revenue - Rebuilding and recovering businesses • This small business loan program is intentionally designed to have flexible terms and low interest rates without a minimum credit score requirement.
• Loan amounts from the NYC Small Business Opportunity Fund range from a minimum of $2,000 to a maximum of $250,000, depending on the size and scope of your needs. • NYC Small Business Opportunity Loans feature: - A low fixed interest rate of 4% with no prepayment penalty.
- Maturity: 6 years or 72 months - Full amortization over 60 months for loans less than $100,000 • Small businesses can use their loan proceeds for a variety of purposes, including: - Equipment or real estate investments - Employee recruiting, hiring, and retention Update: As of Feb 13, 2023, this program is temporarily closed. For more information, please go here.
The NYC Small Business Opportunity Fund is made possible through public-private partnerships with Goldman Sachs' One Million Black Women, Mastercard Center for Inclusive Growth, Community Reinvestment Fund, USA (CRF), local Community Development Financial Institutions(CDFIs), and small business service centers.
Renaissance's mission is to empower low‐to‐moderate income (LMI) communities and under‐resourced entrepreneurs in our target markets by providing affordable small business loans, training, and counseling services. We serve the New York Metro Area, including New York City, Long Island, the Mid‐Hudson Valley, and New Jersey.
In accordance with federal laws and U.S. Department of the Treasury policy, this organization is prohibited from discriminating on the basis of race, color, national origin, sex, age, or disability. To file a complaint of discrimination, write to: U.S. Department of the Treasury, Director, Office of Civil Rights and Equal Employment Opportunity 1500 Pennsylvania Avenue, N. W.
, Washington, DC 20220; call (202) 622-1160; or send an e-mail to: crcomplaints@treasury. gov. Oops! Something went wrong while submitting the form.
2 Allen Street, 7th Floor Jackson Heights, NY 11372 111 Grand Avenue, Unit 216 Renaissance is an affiliate of Asian Americans For Equality Renaissance's mission is to transform low-to-moderate income and immigrant communities in NYC by providing low-interest small business loans, training and counseling services.
Our Mission Our Community Client Services Success Stories Class Registrations Contact Us Announcements Donate Careers Media Inquiries Private Policy 2 Allen Street, 7th Floor New York, NY 10002 ( map ) Flushing, NY 11355 ( map ) Renaissance is an affiliate to Asian Americans For Equality
According to the current listing, eligibility includes: Small business owners and emerging entrepreneurs in New York City. Confirm the full requirements in the official notice before applying.
NYC Small Business Opportunity Fund is funded by Renaissance Economic Development Corporation. Verify program details on the funder's official page before applying.
This opportunity targets applicants in New York. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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