Renaissance Establishes Emergency Loan Fund For Small Businesses Impacted by Coronavirus

To assist businesses on the verge of collapse due to the coronavirus outbreak, Renaissance is creating an Emergency Small Business Relief Loan Fund. The fund will provide restaurants, retail stores, service businesses and wholesalers in our communities with crucial low-interest loans to get through this difficult time.

Emergency Small Business Relief Loan Program:

  • Working Capital Loans up to $50,000
  • Term: Initial 6 months of P&I deferment and a total term of 48 months
  • Interest Rates: 3% fixed
  • Simplified Business Documentation
  • Businesses must demonstrate at least a 25% decrease in sales due to COVID‐19
  • Businesses must be located in these neighborhoods: Flushing, Jackson Heights, Elmhurst, Murray Hill, Woodside, College Point, Bayside, Manhattan Chinatown and Lower East Side, Manhattan East 32nd Korean Town and Brooklyn Sunset Park, Bensonhurst, Bay Ridge, and Sheepshead Bay.
  • Business eligibility to be determined

Stay tuned for further details.  Applications will open in the days ahead.

Questions: info@renaissance-ny.org

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About Us

Renaissance's mission is to transform low-to-moderate income and immigrant communities in the NY Metro Area by providing low-interest small business loans, training and counseling services.

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EQUAL OPPORTUNITY FOR ALL

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 Employement Opportunity
‍1500 Pennsylvania Avenue, N.W., Washington, DC 20220; call (202) 622-1160; or send an e-mail to: crcomplaints@treasury.gov.

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Address

Manhattan Office:
‍‍2 Allen Street, 7th Floor
New York, NY 10002 (map)
Office#:(212) 964-6022

Flushing Office:
‍133-29 41st Avenue
Flushing, NY 11355 (map)
Office#: (718) 961-0888

Email:
info@RenaissanceSBS.org

Renaissance is an affiliate to Asian Americans For Equality
Copyright © 2023 Renaissance Economic Development Corporation. All rights reserved l Web Design by Leadflow
About Us

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.

Address

Manhattan Office:
‍‍2 Allen Street, 7th Floor
New York, NY 10002 (map)

Flushing Office:
‍133-29 41st Avenue
Flushing, NY 11355 (map)

Support

‍Manhattan Office:
(212) 964-6022

Flushing Office:
(718) 961-0888

Email:
Info@renaissance-ny.org

Partners
Renaissance is an affiliate to Asian Americans For Equality
Copyright © 2022 Renaissance Economic Development Corporation. All rights reserved l Web Design by Leadflow