TruFund is a proud participating lender of the $100 million New York Forward Loan Fund which is aimed at providing working capital loans to small businesses, small landlords and non-profit organizations that did not receive funding from the Small Business Administration's Paycheck Protection Program and Economic Injury Disaster Loans. As one of five participating lenders of this program, TruFund will be offering loans to small business and nonprofits located in New York City, Mid-Hudson, Long Island, Western New York and The Finger Lakes. Eligible small businesses can apply for a 60-month, no-fee loan with a 3% fixed interest rate and eligible nonprofits can apply for a 60-month, no-fee loan at 2% fixed interest. Payments can be deferred up to 6 months. The maximum loan amount is $100,000 and there are no fees to apply. Loan funds can be used for working capital including payroll, operating and emergency maintenance, property taxes, utilities, rent and supplies.
TruFund looks forward to assisting you with this program! To learn more and apply with TruFund, visit www.NYloanfund.com and select TruFund as your lender after entering information about your business.
About TruFund Financial Services
TruFund Financial Services, Inc. is a wholly independent national non-profit Community Development Financial Institution (CDFI). TruFund seeks to stimulate economic development in communities that are underserved by traditional banking institutions by providing fair and accessible capital, hands-on technical assistance and innovative solutions to small businesses and nonprofit organization.
Media Contacts
Kim Carter Evans
646.385.6946
Kevans@trufund.org
