NY Forward Loan Fund Launch
May 22, 2020
Calvert Impact Capital is proud to serve as lead arranger for the NY Forward Loan Fund (NYFLF), a public-private collaboration to bring a scaled source of flexible, affordable capital to the smallest small businesses, nonprofits, and property owners across New York State. Loans from the NY Forward Loan Fund will be made by local Community Development Financial Institutions (CDFIs) to help small businesses and nonprofits retool, reopen, and recover from COVID-19 related economic hardship.
We look forward to raising additional capital to support the NYFLF in reaching as many communities and organizations across the state as possible. Read the full NYFLF press release or visit the NYFLF website to learn more.
We know that access to capital for small businesses is not unique to New York and we are working to expand this concept nationally. In partnership with others – including strong community development financial institutions, public sector leaders, and innovative capital providers – we can drive affordable and flexible capital into low and moderate income communities across the nation. Learn more about the national fund concept on the Community Centered COVID-19 Recovery page.