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Small Business Opportunity Fund

January 23, 2023

Today the NYC Hospitality Alliance joined Mayor Adams, Department of Small Business Services, elected officials, and other advocates, groups, and small business owners to announce the NYC Small Business Opportunity Fund, which delivers flexible, low fixed-interest-rate capital, including:   

  • No minimum credit score required
  • Loans up to $250,000 at 4% fixed interest rate 
  • Free business support from trusted, local, mission-driven lenders 
  • Easy to apply 
  • No application fees  
  • Open to businesses at all stages – from startups to growing to rebuilding  

 Businesses can learn more about the NYC Small Business Opportunity Fund and resources available to help apply at or by calling 888-SBS-4NYC.  

“The entrepreneurial spirit is alive and strong in New York City but access to working capital is often a barrier to small business success and growth. That’s why we’re thrilled Mayor Adams’ and the Department of Small Business Services will now provide access to low interest, flexible financing to sustain small businesses, support their growth and help them succeed and thrive in the Big Apple.” Andrew Rigie, executive director, NYC Hospitality Alliance