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SBS outlines financial assistance available for improving accessibility

0:52:44

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Council Member Feliz inquires about financial assistance provided by SBS to help businesses improve accessibility. Haris Khan from SBS describes the lending programs available to small businesses.

SBS has provided over $300 million in lending to small businesses over the past 3-4 years
While not specifically for accessibility improvements, these loans can be used by businesses for various improvements, including accessibility
Khan mentions an upcoming loan product called the NYC Future Fund that could potentially help businesses with accessibility improvements

Oswald Feliz

0:52:44

Okay.

0:52:44

Does SBS provide any financial assistance to businesses to improve accessibility or something pretty new?

Haris Khan

0:52:51

Something pretty?

Oswald Feliz

0:52:52

If it's new, providing financial assistance.

Haris Khan

0:52:56

We're really proud, Chefferlees, that over the past three, four years, we've provided over $300,000,000 in lending to small businesses.

0:53:04

Generally, the lending that we connect businesses to through our community depository financial institutions are not it's not limited to a particular use.

0:53:12

It depends on the loan criteria.

0:53:15

But that could be used by businesses to make improvements to their storefronts, to make improvements to their operation.

0:53:21

And so we're proud of that $300,000,000 in loan financing that this administration has provided.

0:53:26

We're also soon going to be launching the NYC Funds Finder I'm sorry.

0:53:31

The NYC Future Fund, which will be another loan product that could help businesses.

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SBS discusses proactive measures to address accessibility issues

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Council Member Feliz questions SBS on small business support and accessibility compliance