#BeTheDrawbridge

America has never faced a crisis like we face today, and we must come together as a nation just as we have done throughout our history. As a result of the COVID-19 crisis, millions of Americans, including small business owners, low-income families, immigrants, and others have lost their only source of income and are facing financial ruin. 

The mission of Quontic, a federally chartered community bank and U.S. Treasury designated Community Development Financial Institution (CDFI), is to lend to low-income individuals, many of whom are small business owners and immigrants and reside in low-income communities. Quontic is leading the charge in New York to provide much needed financial assistance to these hard-working small business owners impacted by the pandemic.

So we, Quontic Bank, along with other partners, are launching a campaign called #BeTheDrawbridge to raise critical funds to help relieve the extreme financial pressures suffered by small businesses impacted by COVID-19 in the New York City area during this unprecedented crisis. Small businesses such as restaurants, shop owners, taxi drivers, and the self-employed impacted by COVID-19 are eligible for #BeTheDrawbridge relief. The fund will provide grants that do not have to be repaid so New York businesses can reopen when it is safe and their families are taken care of. 

This program is designed to supplement the well-intended government promoted mortgage deferrals and small business assistance that, while extremely helpful, may not bridge the entirety of the financial assistance so many will need. The fund starts in New York to first help small businesses in the epicenter of this crisis and may be expanded nationally as other communities are impacted by COVID-19 closures.

For those in a position to help, let's band together to BeTheDrawbridge to help struggling small business owners cross the economic "moat." Please donate today. No amount is too small.