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WTC Records Folder 0139 label, 2001

Machine-extracted title · confidence 100%

Archival folder label from the Office of the Mayor for World Trade Center records, identified as Folder 0139.

NYC-WTC_000136542–000136669

Folder label: “Folder 139

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NYC 9/11 Public Portal Document

0 City of New York Immediate Initiatives SBA Loans

Objective: • To support affected businesses by providing expanded eligibility and enhanced benefits for entities receiving SBA loans.

Outstanding Regulatory/Legislative Concerns:

• • Expand borrower eligibility criteria for both Physical Disaster and Economic Injury loans to include all sectors affected by the attack, including, but not limited to, firms involved in investment services and not-for-profit entities. We estimate that there are 26 not-for-profits employing approximately 1,600 workers in the impacted area. S • Adjust small business definition for employment and revenue criteria to reflect business profiles in impacted area.

• Increase cap for loan amounts from $1.5 million to $10 million. •

• Relax collateral requirements for service businesses and not-for-profit entities.

• Extend window for Physical Disaster and Economic Injury loan applications to one year. •

• Increased underwriting flexibility, where possible, with regard to credit and other eligibility requirements.

• Provide for expedited review and disbursement of loan proceeds.

4 •

NYC-WTC 000136663

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NYC-WTC_000136663Source: NYC Law Department, mirrored locally

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Archival folder label from the Office of the Mayor for World Trade Center records, identified as Folder 0140.

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