FLUSHING BID

Up to $75,000

Zero Interest Loans

Up to $27,000

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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.

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

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

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

Up to $10 million

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

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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.

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For details:

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