NYC Small Business Opportunity Fund
CMP is assisting small business owners to apply for the NYC Small Business Opportunity Fund. Contact CMP to learn more and/or for assistance:
(1) Jocelyn Liu, (646) 292-5380, jocelynliu@cmpny.org, or
(2) Moru Liang, (646) 292-9672, moruliang@cmpny.org
About the NYC Small Business Opportunity Fund
Loan Amount: $2,000-$250,000
Borrowing Entity: For-profit small business with revenue less than $5M
Interest Rate: Fixed rate 4%
Use of proceeds: Startup, Business Acquisition, Transition Businesses, Refinancing, Equipment, Leasehold Improvements, Working Capital. No real estate (unless part of business acquisition.)
Prepayment: Borrowers may prepay the loan at any time without penalty.
Credit Requirements: There is no minimum credit score requirement, but applicants will need to provide documentation that they are able to repay the loan