NYC Small Business Services

Some small businesses have started to feel an impact related to coronavirus, the Mayor announced this past weekend that there will be assistance to small businesses to help them adapt to changing customer behavior. Businesses may qualify for low-interest loans and employee retention grants. 

• Businesses with fewer than 100 employees, seeing a decrease in sales up to 25% or more will be eligible for zero interest loans up to $75,000 to help mitigate losses in profit.
• The City is also offering eligible small businesses with fewer than five employees a grant to cover 40% of payroll costs for two months to help retain employees.

SBS will continue to send out information, including on financial assistance, as more details become available. In the meantime, please fill out the below form to stay up to date on industry-specific information. 

https://www1.nyc.gov/site/sbs/businesses/covid19-business-outreach.page