Fianancial Assistance COVID19

中文

NYC Small Business Continuity

Loan Fund

Due to overwhelming interest, NYC SBS have paused application intake.

NYC

Employee Retention

Grant

Deadline: 5PM 04/03/2020

Federal SBA Economic Injury Diaster Loan Program & Advance Loan

Deadline: 09/302020

Federal SBA Paycheck Protection Program (PPP)

Deadline: 06/30/2020

Up to $75,000

Zero Interest Loans

Up to $27,000

Covering up to

40% of employees'

2 month payroll

Up to $2 million

The interest rate is 3.75% for small businesses and 2.75% for non-profits. Up to 30 years long-term repayments.

*$10,000 advance loan. Funds will be made available within 3 days of a successful application

*This loan advance will not have to be paid back if the loan is denied

* If approved, the $10,000 advance loan will be put against the total loan balance

Up to $10 million

A maturity of 2 years and an interest rate of 1%.

If you maintain your workforce, the portion of the loan proceeds that are used to cover the first 8 weeks of payroll and certain other expenses following loan origination will be forgiven.

Located in NYC 5 Boroughs, with fewer than 100 employees, at least a 25% decrease in revenue as a result of COVID-19.

Have been in operation for at least 2 years.

Located in NYC 5 Boroughs, 1-4 employees, at least a 25% decrease in revenue of COVID-19.

Small Business owners in all U.S. states and territories

Small Business with less than 500 employees, private non-profit organization or 501(c)(19) veterans organizations and more

Apply Here:

www1.nyc.gov/nycbusiness/article/nyc-small-business-continuity-loan-program

Apply Here:

www1.nyc.gov/nycbusiness/article/nyc-employee-retention-grant-program

Apply Here:

covid19relief.sba.gov/#/

Apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating.

For details:

www.sba.gov/funding-programs/loans/paycheck-protection-program-ppp

Additional Financial Assistance from SBA:

SBA Express Bridge Loan

Businesses with existing relationships with an SBA Express Lender can access up to $25,000 quickly. This loan can be used while applying for the EIDL loan
This loan must be repaid in full or in part by proceeds from the EIDL loan
Check here for details:
www.sba.gov/funding-programs/loans/coronavirus-relief-options/sba-express-bridge-loans

SBA Debt Relief

As part of SBA's debt relief efforts the SBA will automatically pay the principal, interest, and fees of current 7(a), 504, and microloans for a period of six months
The SBA will also automatically pay the principal, interest, and fees of new 7(a), 504, and microloans issued prior to September 27, 2020
Check here for details:
www.sba.gov/funding-programs/loans/coronavirus-relief-options/sba-debt-relief

FLUSHING BID

2021 Map & Guide

Report Sanitation

中文

NYC Small Business Continuity

Loan Fund

NYC

Employee Retention

Grant

Federal SBA Economic Injury Diaster Loan Program & Advance Loan

Federal SBA Paycheck Protection Program (PPP)

Up to $75,000

Zero Interest Loans

Up to $27,000

Covering up to

40% of employees'

2 month payroll

Up to $2 million

The interest rate is 3.75% for small businesses and 2.75% for non-profits. Up to 30 years long-term repayments.

*$10,000 advance loan. Funds will be made available within 3 days of a successful application

*This loan advance will not have to be paid back if the loan is denied

* If approved, the $10,000 advance loan will be put against the total loan balance

Up to $10 million

A maturity of 2 years and an interest rate of 1%.

If you maintain your workforce, the portion of the loan proceeds that are used to cover the first 8 weeks of payroll and certain other expenses following loan origination will be forgiven.

Located in NYC 5 Boroughs, with fewer than 100 employees, at least a 25% decrease in revenue as a result of COVID-19.

Have been in operation for at least 2 years.

Located in NYC 5 Boroughs, 1-4 employees, at least a 25% decrease in revenue of COVID-19.

Small Business owners in all U.S. states and territories

Small Business with less than 500 employees, private non-profit organization or 501(c)(19) veterans organizations and more

SBA Express Bridge Loan

SBA Debt Relief

FLUSHING BID

Report Sanitation

中文

NYC Small Business Continuity

Loan Fund

NYC

Employee Retention

Grant

Federal SBA Economic Injury Diaster Loan Program & Advance Loan

Federal SBA Paycheck Protection Program (PPP)

Up to $75,000

Zero Interest Loans

Up to $27,000

​

Covering up to

40% of employees'

2 month payroll

Up to $2 million

The interest rate is 3.75% for small businesses and 2.75% for non-profits. Up to 30 years long-term repayments.

​

*$10,000 advance loan. Funds will be made available within 3 days of a successful application

​

*This loan advance will not have to be paid back if the loan is denied

​

* If approved, the $10,000 advance loan will be put against the total loan balance

Up to $10 million

​

A maturity of 2 years and an interest rate of 1%.

​

If you maintain your workforce, the portion of the loan proceeds that are used to cover the first 8 weeks of payroll and certain other expenses following loan origination will be forgiven.

Located in NYC 5 Boroughs, with fewer than 100 employees, at least a 25% decrease in revenue as a result of COVID-19.

Have been in operation for at least 2 years.

Located in NYC 5 Boroughs, 1-4 employees, at least a 25% decrease in revenue of COVID-19.

Small Business owners in all U.S. states and territories

Small Business with less than 500 employees, private non-profit organization or 501(c)(19) veterans organizations and more

SBA Express Bridge Loan

​

SBA Debt Relief