NYC Council Introduction 1350

intro.nyc/1350-2025 2024-2025 Legislative Session Enacted
Small business loan readiness resources.
Sponsored by Amanda C. Farías
Introduced: August 14, 2025

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.

Approved by Committee December 18, 2025

Committee on Small Business Votes 6:0:0
Oswald J. Feliz (Affirmative)
Erik D. Bottcher (Affirmative)
Selvena N. Brooks-Powers (Affirmative)
Shekar Krishnan (Affirmative)
Vickie Paladino (Affirmative)
Sandra Ung (Affirmative)
Susan Zhuang (Absent)

Approved by Council December 18, 2025

Votes 47:0:1
Adrienne E. Adams (Affirmative)
Diana I. Ayala (Affirmative)
Shaun Abreu (Affirmative)
Joann Ariola (Affirmative)
Alexa Avilés (Affirmative)
Chris Banks (Affirmative)
Erik D. Bottcher (Affirmative)
Justin L. Brannan (Affirmative)
Gale A. Brewer (Affirmative)
Selvena N. Brooks-Powers (Affirmative)
Tiffany L. Cabán (Affirmative)
David M. Carr (Absent)
Carmen N. De La Rosa (Affirmative)
Eric Dinowitz (Affirmative)
Harvey D. Epstein (Affirmative)
Amanda C. Farías (Affirmative)
Simcha Felder (Affirmative)
Oswald J. Feliz (Affirmative)
James F. Gennaro (Affirmative)
Jennifer Gutiérrez (Affirmative)
Shahana K. Hanif (Affirmative)
Kamillah Hanks (Absent)
Robert F. Holden (Affirmative)
Crystal Hudson (Affirmative)
Rita C. Joseph (Affirmative)
Shekar Krishnan (Affirmative)
Linda Lee (Affirmative)
Farah N. Louis (Affirmative)
Kristy Marmorato (Affirmative)
Christopher Marte (Affirmative)
Darlene Mealy (Negative)
Julie Menin (Affirmative)
Frank Morano (Affirmative)
Francisco P. Moya (Affirmative)
Mercedes Narcisse (Affirmative)
Sandy Nurse (Affirmative)
Chi A. Ossé (Affirmative)
Vickie Paladino (Affirmative)
Keith Powers (Affirmative)
Lincoln Restler (Affirmative)
Kevin C. Riley (Affirmative)
Yusef Salaam (Affirmative)
Rafael Salamanca, Jr. (Affirmative)
Pierina Ana Sanchez (Affirmative)
Lynn C. Schulman (Affirmative)
Althea V. Stevens (Affirmative)
Sandra Ung (Affirmative)
Inna Vernikov (Affirmative)
Nantasha M. Williams (Affirmative)
Julie Won (Affirmative)
Susan Zhuang (Absent)

Sponsors: 7