Again from newyorkbusiness.com...
NYC Investment Fund offers arts loans
The New York City Investment Fund, an affiliate of the Partnership for New York City, said Monday that it has teamed up with the state Arts Council to launch a new $2 million loan program.The initiative -- dubbed the Arts Entrepreneurial Loan Fund -- aims to fund arts and nonprofit groups, including dance troupes, art, music and theater groups and other art-related programs, throughout the five boroughs.
The loans, which will range from $25,000 to $500,000, will provide funding aimed at lowering the nonprofit's overhead.
"Arts groups frequently contribute to revitalization of the city's most blighted neighborhoods, but this sector is threatened by rising costs and growing competition for scarce philanthropic dollars," said Maria Gotsch, co-chief executive and co-president of the $100 million New York City Investment Fund.
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