Metropolitan Economic Revitalization Fund (MERF) provides small business loans with interest rates as low as 6.99%
In partnership with Empire State Development, Community Capital New York is proud to offer the Metropolitan Economic Revitalization Fund (MERF) to help small businesses and startups access capital to launch or grow their operations.
Metropolitan Economic Revitalization Fund (MERF) Revolving Loan Program
Eligible for small businesses and startups in certain census tract areas in lower Westchester and Rockland Counties
How a MERF Loan Can Help Your Business:
- Purchase Inventory
- Increase Cash Flow
- Access Working Capital
- Upgrade Equipment
- Cover Startup Expenses
- Expand Your Business
- Refinance Debt
At Community Capital New York, we don’t just look at credit scores; we assess your overall credit history when reviewing loan applications.
Loan Requirements and Details
- Loan Amounts: $5,000 – $75,000
- Loan Terms: Up to 60 months
- Fixed Interest Rate: 6.99%* (promotional rate for a limited time)
- Small businesses must be located within the following census tracts: New Rochelle, Mount Vernon, Yonkers, Rye, Spring Valley, Nanuet, Orangeburg, South Nyack, and parts of Westchester and Rockland to apply for low-cost business funding through the MERF program.
*Only eligible for certain census tract areas.
Ineligible Businesses:
Unfortunately, some businesses are not eligible for the MERF loan, including:
- Non-profits with a religious focus
- Passive businesses (investment real estate)
- Speculative businesses
- Lobbying/political activities
- Illegal activities
Apply Today!
If you’re looking for financial support to grow and are located in the required areas, apply for the MERF loan today!
For more information, call us at 914-747-8020.
*Note: This fixed interest rate is a limited-time promotional offer. Be sure to apply soon!