New York Forward Loan Fund 2
A small business loan with flexible requirements to keep your business moving forward
With the New York Forward Loan Fund 2, you’ll get affordable funding with flexible requirements. You’ll get loan capital that works for you now and in the future, to keep your business growing.
Apply for up to $150,000 at a competitive, fixed interest rate and work with an expert who will guide you through every step of the process.
You can use your New York Forward 2 loan for nearly any business need, including working capital, inventory, marketing, and more!
Easy online application
Flexible requirements
No prepayment penalty
What is the New York Forward Loan Fund 2?
The New York Forward Loan Fund 2 is a loan program that supports New York State small businesses by providing low-cost funding with flexible requirements.
New York Forward Loan Fund 2 details
- Loan amount: up to $150,000, subject to cash flow analysis
- Interest rate: 9.5% – 12.5% (subject to changes in prime rate)
- Term: 36 – 72 months
- No application fees: Subject to approval, at closing up to $500 in third-party costs may be financed into your loan
- No prepayment penalty
Is the New York Forward Loan Fund 2 right for me?
You’re a good fit for the program if you meet the following requirements:
- You’ve been operating in New York State for at least one year
- You have 100 or fewer full-time equivalent employees
- You have less than $5 million in revenues for the prior fiscal year
To qualify through Pursuit, you’ll need to have:
- Break-even or positive cash flow of your existing debt obligations and requested debt
- A personal credit score of 640 or higher
- No open tax liens or judgments against your business
- No prior bankruptcies for you or your business
What can you use the New York Forward Loan Fund 2 for?
Your New York Forward Loan Fund 2 loan can be used for almost any business purpose. In particular, you can use your loan for:
- Working capital
- Inventory
- Marketing
- And more
Ensure that your business has the funding it needs to reach new opportunities and grow stronger for the future with the New York Forward Loan Fund 2.
Get started
If you would like to learn more about the New York Forward Loan Fund 2, get in touch with us at [email protected]. We can help you navigate the application process.
