New York S05125 amends the state urban development corporation act to provide financial assistance to small businesses, including dry cleaners and.

New York S05125 amends the state urban development corporation act to facilitate financial assistance for small businesses, including dry cleaners and those that practice nail specialty. This assistance is intended to help these businesses make capital improvements, such as purchasing non-perchlorethylene machines for dry cleaners and upgrading mechanical ventilation systems for nail specialty businesses. The assistance can come in the form of grants and flexible financing programs, including loan loss reserves, revolving loan programs, working capital loans, and loan guarantees.

New York S05125 amends the state urban development corporation act to provide financial assistance to small businesses, including dry cleaners and.

New York S05125 amends the state urban development corporation act to facilitate financial assistance for small businesses, including dry cleaners and those that practice nail specialty. This assistance is intended to help these businesses make capital improvements, such as purchasing non-perchlorethylene machines for dry cleaners and upgrading mechanical ventilation systems for nail specialty businesses. The assistance can come in the form of grants and flexible financing programs, including loan loss reserves, revolving loan programs, working capital loans, and loan guarantees.