Making a Mark A monthly roundup of the Comptroller's Office at community events across New York City Zero-Interest Loans, Disability Pride Parade, New Met Council Food Warehouse, and more November 2026

BAM University | Photo by Duffy Zimmerman

Dear Paul,

As the weather cools down, New York City’s holiday season is heating up. We’re expecting millions of visitors over the next few months, bringing a welcome boost to neighborhood restaurants, shops, and small businesses across the five boroughs. For local entrepreneurs, this is a season of opportunity. And sometimes, a little financial support can make all the difference.

That’s why I want to remind you about our office’s partnership with the Hebrew Free Loan Society (HFLS), which provides New Yorkers with zero-interest loans of up to $60,000 to launch or expand their business.

Since we announced this partnership at the end of May, more than 71 entrepreneurs across all five boroughs have already taken advantage of this great program, with each getting an average loan of about $47,000 toward their operation. HFLS has committed $8 million to this initiative, and more than $4 million remains available to help local businesses grow. You can learn more and submit your application here.

We recently caught up with the owners of Yumpling, who shared how a zero-interest loan helped them expand their business. What started out as a food truck has grown to two full-blown brick-and-mortar restaurants, one in Queens and a new location in Midtown, serving some of the best Taiwanese dumplings in the city! Their story is a great example of what entrepreneurs can accomplish when they have access to affordable financing, without the pressure of high interest rates.

Having helped establish a credit union in Washington Heights, I’ve seen firsthand how access to capital can open doors to entrepreneurs, strengthen entire neighborhoods and expand economic opportunity.

As we head into the holiday season, I hope New Yorkers will show their support by shopping and dining locally. And if you are a small business owner looking to take the next step, I encourage you to explore this zero-interest loan program and apply.