This loan will help William purchase new materials to recover his business after losses from Hurricane Sandy.
William has been providing custom framing and design to his local community in New York City for the past 33 years. His clients include artists, museums, galleries, designers, private collectors, photographers, corporations, and art collectors. Working out of his shop in Brooklyn, William hires three artists and one employee to carry out all deliveries, and he contracts a large amount of work to local small businesses.
William’s business was thriving. And then Hurricane Sandy struck the East Coast. William’s shop in Brooklyn was flooded and the building, after losing power, was shut down for three weeks. Unable to work, William lost a month’s worth of income and returned to his shop to damaged materials.
This loan will help William purchase new materials—lumber, glass, and plastics, to manufacture his frames and once again get his business back on track.