Mayor Bill de Blasio announced on March 8 that the City will provide relief for small businesses across the City seeing a reduction in revenue because of COVID-19. Businesses with fewer than 100 employees who have seen sales decreases of 25% or more will be eligible for zero interest loans of up to $75,000 to help retain employees and ensure business continuity.
Complete the Pre-Application for the NYC Small Business Continuity Loan Fund
The City is also offering small businesses with fewer than 5 employees a grant to cover 40% of payroll costs for two months to help retain employees.
Learn More and Apply for the NYC Employee Retention Grant Program
Connect to nyc.gov for the most updated information on these programs
Find more specifics about these programs at https://www1.nyc.gov/site/sbs/businesses/covid19-business-outreach.page
