Small Business Loan Products

Renaissance offers a loan to meet your needs

Small Business Microloan

Up to $100,000 available to business owners in New York City for existing or new ventures. Loans may be used for working capital, furniture/fixture, renovations, machinery/equipment, marketing, payroll, and rent/security deposit. Loans are offered for up to 5 years with a fixed interest rate of 4-8%. Contact Us

SBA Community Advantage Loan

Up to $250,000 may be accessed for existing or new ventures in New York City at a maximum interest rate of WSJ Prime + 4%. Terms are up to 7 years. Loans may be used for working capital, furniture/fixture, renovations, machinery/equipment, marketing, payroll, debt refinancing and rent/security deposit. Contact Us

Veteran Small Business Loan

Up to $30,000 may be provided for working capital to active duty military personnel, retired and honorably discharged veterans looking to start a new business in New York City. The loan offers a fixed 4% interest rate for terms up to 36 months. Contact Us

Veteran Mini Microloan for Street Vendors

Up to $8,000 may be provided at 4% interest with terms of up to 24 months. This loan is tailored for veterans who wish to obtain a New York City General Vendor license in order to establish a street vending operation. Both veteran loan programs offer comprehensive technical assistance programs. Contact Us

Emergency Recovery Loan

Renaissance has a long history of establishing emergency loan programs for businesses during times of crisis. These subsidized, fixed, low-interest loans assist small businesses in coping with restricted access to local services after larger disasters such as 9/11 and Hurricane Sandy or smaller emergencies such as the 2009 Queens Blackout or the 2015 East Village Explosion. Loan funds are used for rehabilitation of the business and working capital only. Currently we are offering an Emergency Small Business Relief Fund to assist businesses during the COVID-19 crisis. More Information

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We have lent over $50 million to 1200+ businesses and have provided technical assistance to more than 10,000 entrepreneurs.

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Over 80% of our loans are made to minority clients.

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Over 5,000 jobs have been created as a result of our programs.

Support Our Mission

If you would like to support our mission of serving small business owners throughout New York City, please consider making a contribution to Renaissance Economic Development Corporation today via Asian Americans for Equality, our parent organization.

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