Small business loan readiness resources.
Introduced
Moved
Reached a final decision
Became law
Derived from the official record below.
Officially: “A Local Law to amend the administrative code of the city of New York, in relation to small business loan readiness resources” Read the full text
Small Business
What it does
This bill would require the Department of Small Business Services (SBS) to provide loan readiness resources to help small businesses prepare for the lending process and understand the services offered by Community Development Financial Institutions (CDFIs). These resources would include assistance with business plan development, preparation of financial documents, and understanding loan application requirements.
Summary written by City Council staff, from the official record. Plain-language AI rewrite with cited sections coming. Not legal advice.
Where it is
Introduced by Council · Aug 14, 2025
Referred to Comm by Council · Aug 14, 2025
Hearing Held by Committee · Oct 15, 2025
Committee on Small Business
Laid Over by Committee · Oct 15, 2025
Committee on Small Business
Hearing Held by Committee · Dec 18, 2025
Committee on Small Business
Amendment Proposed by Comm · Dec 18, 2025
Committee on Small Business
Amended by Committee · Dec 18, 2025
Committee on Small Business
Approved by Committee · Dec 18, 2025
Committee on Small Business
Approved by Council · Dec 18, 2025
Sent to Mayor by Council · Dec 18, 2025
City Charter Rule Adopted · Jan 17, 2026
Administration
Returned Unsigned by Mayor · Jan 20, 2026
Official documents
Summary of Int. No. 1350-A
officialSummary of Int. No. 1350
officialInt. No. 1350
officialAugust 14, 2025 - Stated Meeting Agenda
officialHearing Transcript - Stated Meeting 8-14-25
officialCommittee Report 10/15/25
officialHearing Testimony 10/15/25
officialHearing Transcript 10/15/25
officialFiscal Impact Statement - City Council
officialFiscal Impact Statement - OMB
officialProposed Int. No. 1350-A - 12/15/25
officialCommittee Report 12/18/25
officialHearing Transcript 12/18/25
officialDecember 18, 2025 - Stated Meeting Agenda
officialInt. No. 1350-A (FINAL)
officialInt. No. 1350-A - Fiscal Impact Statement - City Council
officialInt. No. 1350-A - Fiscal Impact Statement - OMB
officialHearing Transcript - Stated Meeting 12-18-25
officialLocal Law 36
officialStraight from the Council record: fiscal impact statements, committee reports, and hearing transcripts as filed.
The numbers
7
sponsors on the bill
Sponsors
Amanda C. FaríasFarah N. LouisJustin L. BrannanShahana K. HanifGale A. BrewerRita C. JosephLynn C. Schulman
Every fact on this page links to its source, starting with the official bill record. Last action: Returned Unsigned by Mayor (Jan 20, 2026).