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Minority and Women-Owned Businesses

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COVID-19: Loan Fund Launched To Aid NY Small Businesses COVID-19: Loan Fund Launched To Aid NY Small Businesses
Covid-19: Loan Fund Launched To Aid NY Small Businesses New York State has launched a $100 million forward loan fund that will aid small businesses that were impacted by the novel coronavirus (COVID-19) pandemic. New York Gov. Andrew Cuomo announced the launch of the New York Forward Loan Fund, which will “provide flexible and affordable loans to help small businesses.” Cuomo said that the loans will focus on minority and women-owned small businesses that did not receive federal COVID-19 assistance. “The economic projections are actually frightening … more than 100,000 businesses have shut down permanently since the pandemic hit,” he said. “We’…

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by Zak Failla