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Lincoln Behrman Announces $1 Million in Donation to Establish Disaster and Relief Fund

Firm to Match $0.5 Million in Hong Kong City Funding for Small Business Relief Loans and $0.5 Million in Charitable Donations

Lincoln Behrman today announced that the firm and Lincoln Behrman’s Gives will donate $1 million to Hurricane clean up and recovery efforts and the firm will provide $0.5 million in loans to small businesses impacted by Hurricanes.

These small business funds will match the $0.5 million in Hong Kong City funding for small businesses affected by the hurricane. Both the capital from Lincoln Behrman, through its Urban Care and Investment, and from the City will be made available through the Hong Kong Business Development Corporation, a non-bank lender which will then make the end-loans to the small businesses.

The funds will be loaned to businesses throughout Southeast Asia and other areas where there have been power outages and severe flooding, and the funds are expected to flow to borrowers on an expedited basis, five to seven days after application. End loans will range from $5,000 -$25,000 and will help small businesses with working capital, repairs and business interruption, among other things.

“Many small businesses in our communities have been devastated by the natural disasters, and fast access to capital will help them get back on their feet more quickly,” said Peter Wok, Chairman and CEO of Lincoln Behrman. “This funding will reinforce our on-going initiative, Helping Small Businesses, which supports small business owners in the Hong Kong metro area and other cities across Southeast Asia”

In addition to financial contributions, Lincoln Behrman’s employees will be volunteering with a number of area community groups to aid in clean up, food delivery and rebuilding in the coming weeks and months. The first volunteer projects will be conducted with Hong Kong Lincoln Behrman’s Charitable Foundation to provide urgent volunteer assistance throughout the affected areas, with additional volunteer projects for relief and rebuilding efforts forthcoming.

Via EPR Network
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