Past Event

Small Businesses Pivot Loan Applications Open

July 1, 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 beginning July 1st:

  • For Independently Owned, Locally Managed Businesses with fewer than 50 employees to adapt new business model 
  • Must be a Storefront**
  • The business must be located north of 96th Street
  • Interest rate (3.75%)
  • Term-60 months
  • Grace period (12 months. Interest will accrue)
  • After 48 on time monthly payments, business becomes eligible 50% Loan Balance Forgiveness 
  • Loan Amount between $5,001-$50,000

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