Past Event

Deadline: Loans for Small-Scale Manufacturers

June 22, 2020
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The Columbia Emergency Loan Fund for Small Businesses is a relief program that disperses capital to assist small businesses struggling as a result of the coronavirus pandemic.  The Fund amplifies Columbia's commitment to support local employment by small businesses in Upper Manhattan.

Loan Applicants must be clients of the Columbia-Harlem Small Business Development Center.  To become a client and receive (pro-bono) business support, click here to request business counseling. 

Applications Available from June 8 - June 22:

  • For Businesses with Revenue under $50k as indicated on 2019 tax return
  • Business Location is in Upper Manhattan (North of 96th Street)
  • May include Home Based businesses
  • Interest rate (1%)
  • Term-36 months
  • Grace period (12 months. Interest will accrue)
  • After 24 on-time monthly payments, business becomes eligible for Loan Balance Forgiveness
  • Loan Amount between $500-$5000 (3 months of 2019 revenues up to $5,000)

Learn More