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City finance document, September 2001

Machine-extracted title · confidence 90%

Municipal form dated September 7, 2001 with largely illegible content visible in the excerpt.

NYC-WTC_000142165–000142170

Folder label: “DEP 59.17 Junction Blvd, 11th FL

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NYC 9/11 Public Portal Document

FINANCIAL ASSISTANCE, continued

1. World Trade Center Disaster Recovery Loan Program, continued. b. Fund for City of New York: Cash Flow Program for Nonprofits

The Fund for the City of New York's Cash Flow Loan Program was created in 1976 to assist nonprofit organizations waiting for contracted funds from government and foundations.

The program provides bridge financing to cover delayed payments due.

For more information go to http://www.fcnv.org/cash/index.html, call Andrew Walrond at (212) 590-9246 or Shawniqua Ottley at (212) 590-9243, or email [email protected]

c. Nonprofit Finance Fund's (NFF) Nonprofit Recovery Fund

Provides flexible financial aid packages designed to help nonprofits return financially to where they were before the event. Packages may consist of a combination of grants, recoverable grants, and loans.

For information please refer to their website at http:/ /www.nonprofitfinancefund.org/ or contact Ann McKinnon at (212) 868-6710 or by email [email protected]

d. Regional Economic Development Assistance Corporation (REDAC)

REDAC Disaster Relief Business Loans

• Short-term emergency loans of up to $5,000; must be business-related; can be used for physical reconstruction, payroll, inventory replacement, relocation costs, equipment replacement, etc.

• Please refer to http:/ /www.nycif.org/REDAC.htm#redac, or contact Gloria Benjaniin at (718) 522-4600 xl8 or George Hirschfeld at xl9.

Brooklyn Economic Development Corporation (BEDC) Line of Credit

• Lines of Credit of up to $10,000 through BEDC for Brooklyn Businesses or Businesses owned by Brooklyn Residents. Must be business-related; can be used to help with cash flow issues.

• Please refer to http:/ /vK’ww.nycif.org/REDAC.htm#redac , or contact Gloria Benjamin at (718) 522-4600 xl8 or George Hirschfeld at xl9.

e. Renaissance Business Emergency Loan Fund

Short-term working capital bridge loans of up to $15,000 to small, start-up businesses adversely affected by their proximity to the World Trade Center, particularly those south of Houston Street. Term of 6 to 18 months, interest rate of 4 to 6%.

Please contact the Renaissance Economic Development Corporation, 1 Pike Street, (212) 964- 6022.

4

NYC-WTC_000142167

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NYC-WTC_000142167Source: NYC Law Department, mirrored locally

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