Scott Gottlieb, CPA


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NEWS BYTES
February 2002

Editor: Scott Gottlieb, CPA
Assistant editor: Susan A. Maffetone, CPA

ACCION New York American Dream Disaster Relief Fund

(From the New York City Economic Development Web Site)

ACCION New York American Dream Disaster Relief Fund The American Dream Disaster Relief Fund is a loan program for micro-business owners not eligible for SBA loans. Program is committed to working with self-employed individuals who lack access to traditional forms of business credit. Its contributors include the Sloan Foundation, Charles Stuart Mott Foundation, and Johnson and Johnson, as well as a recent $500,000 grant from JP Morgan. The program is viable through December 2002, at which time it will be reevaluated.
Eligible businesses must be located south of 14th St. or can demonstrate that at least 50% of clients or contracts were located in the affected area.
Eligible businesses include street vendors and service business (including shoe repair shops) that were housed in the WTC.

Loans up to $30,000, terms of up to 5 years, with an additional 10% of the loan amount to be in grants. A partner, World Vision, has contributed these funds to ACCION loan recipients.
To donate, or for more information, contact (718) 599-5170, visit Accion representatives at the WTC Business Rebuilding Center at 140 William Street, or contact ACCION's loan officers at (917) 209-3958.
Accion also runs Loan Information Sessions. For more information, or to reserve a space at an info session, please call: (718) 599-5170.

http://www.newyorkbiz.com

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