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$100M for minorities and women

$100M Loan Program Created For Women, Minority Businesses

GOVERNOR’S BRIEFING/Friday, May 22

$100M Loan Program

Created For Women,

Minority Businesses

ALBANY – Governor Cuomo today launched 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.

Cuomo also announced:

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