HBA Merchant Loan Fund provides up to $25,000 in capital for business technology purchases, interior leasehold renovations and store equipment.

To qualify for a loan from this fund, your business must be located within the commercial corridors between 110th Street and 155th Street, from Lexington to Morningside/Convent Avenues. Eligible loan uses are equipment, furniture, supplies, inventory, machinery, physical improvements (including signs, storefront renovations, interior and exterior modifications), expansion and relocation.

You may apply for a loan in any amount from $1,000 to $25,000. The percentage interest rate for each loan will be based on an analysis of risk by the HBA Loan Review Committee. The loan rate will vary from 2-7 points.