New York
New York City
New York City Employee Retention Grant Program
Amount — Up to $27,000 to small businesses to cover 40% of payroll costs for two months
Eligibility —
Businesses with 1-4 employees that can demonstrate loss of 25% of revenue due to COVID-19.
Businesses must be located in one of NYC’s five boroughs and have been operating for >6 months
No current tax liens or legal judgments
Docs Required — Proving revenue decrease versus this time last year, along with payroll and bank account records
How to Apply — Apply online at the New York City Department of Small Business Services
New York City Small Business Continuity Fund
Amount — Up to $75,000 to cover revenue loss
Interest — Interest-free loans
Eligibility —
Companies need to have <100 employees
Located in one of NYC’s five boroughs
Need to demonstrate at least 25% revenue loss
No tax liens or legal judgments
Proof that you’re able to repay the loan
Docs Required — 2019 tax returns, bank statements, and point of sale reports
How to Apply — Applications aren’t currently open, but businesses can fill out an interest form with the New York City Department of Small Business Services
NYC Small Business Continuity Loan Program
Amount — Up to $75,000
Interest — Interest Free Loans
Eligibility —
Be located within the five boroughs of New York City
Demonstrate that the COVID-19 outbreak caused at least a 25% decrease in revenue
Employ fewer than 100 employees in total across all locations
Have been in operation for at least 2 years
Demonstrate ability to repay the loan
Have no outstanding tax liens or legal judgements
Docs Required — Fill out loan assistance interest form
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Last Updated — March 31, 2019
