Small Business Recovery

The New York Forward Loan Fund

The New York Forward Loan Fund is a public-private partnership that brings a scaled source of flexible, affordable capital to the smallest small businesses, nonprofits, and property owners across New York state. The program offers low-interest loans to small businesses as they rebuild and recover from pandemic related disruptions. The Fund is anchored by $20 million in commitments from New York’s Empire State Development and Homes & Community Renewal.


Kyle Savage, executive director and founder of Shining Studios Theater, used his NY Forward loan to take his afterschool theater program outdoors during the summer and fall of 2020, and online over the winter.

Fund Launch

June 2020

Capital Committed

$116 million

Available to

Institutional lenders


New York state

Borrowers served

Small businesses, nonprofits, and property owners

Participating CDFIs



How to Participate

For lenders and donors interested in supporting the New York Forward Loan Fund:

Reach out to us at with "NY Forward Loan Fund" in the subject line. Please note that our small business recovery funds are available to institutional lenders only. The minimum commitment is typically $1 million.

Supporting Lenders and Partners

Apple Bank logo
BlackRock logo
BNB Bank logo
Evans Bank logo
Deutsche Bank logo
Citizens Bank logo
Mizuho logo
HSBC logo
Ford Foundation logo
Citi Foundation logo
NCRC logo
M&T logo
NY State logo
NY Homes and Community logo
RW logo
MetLife logo