New Loan Fund to Aid Small City Contractors | Crain's New York Business:
For the NYC Department of Small Business Services, the fund means that there is a ready partnership available to help small construction businesses pay for contract-related labor and equipment costs, something that has been particularly difficult to achieve for companies involved with city’s Build it Back program, which helps homeowners rebuild after Hurricane Sandy.
By creating a quicker stream of bridge financing, the new Small Business Services fund could make Build it Back more appealing to contractors.