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Q&A
SBS outlines financial assistance available for improving accessibility
0:52:44
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52 sec
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.