Emergency Recovery Initiative for Small Businesses

Renaissance Economic Development Corporation has created a new loan product to provide emergency working capital to assist small businesses affected by Hurricane Sandy in the five boroughs of New York City.  Maximum loan available is $30,000.  Deadline to apply: December 15, 2012. The program is available for “for-profit” businesses only, not non-profits, and religious or political organizations.  Eligible businesses must employ fewer than 50 people and maintain a place of business in New York City.  Click here for more information.


Small Business Emergency Help Center

Asian Americans for Equality (AAFE) has partnered with the One Flushing Community Economic Development Center and Assemblyman-Elect Ron Kim to provide assistance to small businesses in accessing aid from the Federal Emergency Management Agency (FEMA) and the Small Business Administration (SBA). The Center is open Monday to Friday, from 9 AM to 5 PM, to help applicants register for FEMA and SBA assistance in English, Chinese, and Korean.  Problem areas covered by these loans include: structural and property damage, replacement equipment, and operating costs such as meeting payroll.  Affected businesses should contact Xiang Siow at xiang@oneflushing.org or call 646-820-5163. The Center is located at 39-01 Main Street, Suite 509, in Flushing New York.


Emergency Home Repair Loan

AAFE’s Community Development Fund has established an emergency home repair loan program for homeowners in New York City. Eligible items to be repaired or replaced through this loan include: damaged roofs, damaged windows and doors, damaged boilers.  Loans range from $5,000-$20000. Click here for more information or e-mail us at info@aafecdf.org.


Learn More About AAFE’s Work Following Hurricane Sandy

Asian Americans for Equality: Hurricane Sandy by aafe1