Small Businesses of 1-4 Employees

Small Business Resource Update

Application Open: Very Small Business Employee Retention GrantThe Mayor’s Office announced assistance programs to support very small businesses impacted by COVID-19 including employee retention grants and no-interest loans. This program is available to New York City businesses with one to four employees that can demonstrate at least a 25% decrease in revenue as a result of COVID-19. Eligible businesses will receive a grant covering up to 40% of their payroll for two months. Businesses can access up to $27,000.

APPLY HERE

(You will need to create an SBS Log In account to move forward with the application.)

NYC Small Business Continuity Fund

Zero-Interest Loan Information Businesses with fewer than 100 employees who are seeing a decrease in revenue of 25% or more will be eligible for zero-interest loans up to $75,000 to help mitigate losses in profit. For more information on the NYC Small Business Continuity Fund, and to receive updates from NYC Department of Small Business Services, take the SBS COVID-19 Business Assistance Survey. Sign up to receive updates from NYC SBS

Pending Federal Resources

The US Treasury Dept. to guarantee bank loans that could be pushed out quickly for small businesses and would be forgiven if they are successfully used to retain staff. A win-win for all! More details to come!

Chamber Member Specials & Delivery More to come…