Brooklyn Chamber awards $430G to small businesses
The Brooklyn Chamber of Commerce, in partnership with the New York Business Development Corporation (NYBDC), has approved the first two loans under the Brooklyn Fund to local, immigrant-owned businesses.
The $10 million Brooklyn Fund, which has a particular focus on veteran and immigrant owned businesses, offers small loans up to $350,000 backed by U.S. government guarantees through the U.S. Small Business Administration’s Community Advantage and Small Loan Advantage programs.
The recipient of the first loan, totaling $120,000, is the popular Brooklyn café Hungry Ghost. Located at 781 Fulton St. in Fort Greene, this is the third Hungry Ghost café owned by Justin Boshell and Murat Uyaroglu.
The other loan recipient is Edible Arrangements, which has been approved for a $310,000 loan.