City Excludes Parts Of Chinatown From Small Business Pandemic Loans Intended For Lower Income Neighborhoods
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The corner of Pell and Doyers Streets in Chinatown, Manhattan on May 15th, 2020.
Debra L Rothenberg/Shutterstock
A city pandemic loan program intended to help out small businesses in lower-income neighborhoods and communities of color has left out a swath of Manhattan's Chinatown.
In late November, the city's Department of Small Business Services launched a $35 million low-to-moderate income storefront loan program. Small businesses in certain neighborhoods could receive up to $100,000 in a zero-interest loan. The funds would provide loans for at least 350 businesses across the city, depending on the size of loans allocated.