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HEF COVID-19 Small Business

Recovery Loan Program

Our HEF Small Business Recovery Loan Program 

Provides Funding When You Need It

Since early this year, COVID-19 continues to have a devastating impact on the health and financial lives of vulnerable populations worldwide. The Harlem Entrepreneurial Fund serves these communities, and we are dedicated to supporting these hard-hit small businesses, especially Minority and Women-Owned Business Enterprises. Our mission is to ensure that New York City does not lose a generation of Black- and Latinx-owned businesses that have contributed significantly to our communities' economic and social fabric. 

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Loan Terms

  • Working Capital & Equipment Purchase: Up to $15,000 

  • Interest Rate: 1%

  • Term: Up to 5 Years

  • Bonus: Three Month Deferment Period 


  • Small businesses

  • Located in NYC

  • In business for 3+ months

Wells Fargo Open for Business Fund

The COVID-19 Small Business Recovery Loan Program was made possible by the Wells Fargo Open for Business Fund's generous funding. This grant will allow us to provide capital and technical assistance to ensure successful recovery for small businesses in the Bronx, Harlem, Upper Manhattan, and surrounding communities!

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