Wow. I have a friend who applied AFTER me, and he was approved a week later. This definitely needs to be investigated. Lendistry is at fault, not the government.
Where did you see that funds are depleted?
Website:
https://nysmallbusinessrecovery.com/And applicants received the below email:
Hi XXXXXXXX,
Thank you for your interest in the New York State COVID-19 Pandemic Small Business Recovery Grant Program. We are sorry to inform you that grant awards are no longer available and this program is closed. All access to Lendistry’s Portal will be removed within 48 hours.
Although we received your application or reexamined it due to guideline changes, we cannot award you a grant due to limited funding, which has now all been disbursed based on the Program’s priorities. Due to the popularity of this Program, the number of applicants that met the eligibility requirements exceeded the available funds.
For other available resources for your small business please visit
https://esd.ny.gov/ and/or reach out to your local Small Business Development Center (SBDC) or Entrepreneurship Assistance Center (EAC).
Thank you,
Lendistry on behalf of the New York State COVID-19 Pandemic Small Business Recovery Grant Program