A Local Law to amend the administrative code of the city of New York, in relation to small business loan readiness resources

Summary

This bill would require the Department of Small Business Services (SBS) to provide loan readiness resources to help small businesses prepare for the lending process and understand the services offered by Community Development Financial Institutions (CDFIs). These resources would include assistance with business plan development, preparation of financial documents, and understanding loan application requirements.

Official summary of legislation · NYC Council