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District 39

Brad Lander

Cobble Hill, Carroll Gardens, Columbia Waterfront, Gowanus, Park Slope, Windsor Terrace, Borough Park, Kensington

Through a partnership among the offices of Councilmember Brad Lander and Assemblymember Robert Carroll, the Greg Perlman and Michael Clark Small Business Angel Fund at the Hebrew Free Loan Society and The Change Reaction, we are proud to offer zero interest loans to small businesses operating in Brooklyn’s City Council District 39 and Assembly District 44. 

Two types of loans are currently available:

Operating small businesses – Loans of up to $25,000 to support businesses that have stayed opened or reopened and need financial support to make it through months of reduced revenues due to COVID-19. Qualified businesses will have normal revenues of $1M or less and 15 or fewer employees. Repayment is in equal installments over 24-36 months after a grace period of three months with no repayments. Modifications are available if needed.

Small business owners and Independent contractors forced to close or stop working – Loans of $3,000-$7,500 for independent contractors (such as hair stylists, acupuncturists, etc) and small business owners whose businesses remain closed. These are personal loans intended to help complement or replace savings and government support until work is possible again. Repayment is in equal installments of over 24-36 months after a grace period of three months no repayments. Modifications are available if needed.


For both types of loans, no guarantors or collateral is required. Individuals seeking loans must fill out an application that includes authorization to obtain a credit report. On-time rent for the twelve months up to and including March 2020 is a requisite of eligibility. Loans are currently available to businesses located in the 39th Council district or 44th Assembly district.

Applicants will be contacted within two business days of applying, and decisions on most loans will be made within five business days.