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The Small Business Relief Initiative and Fund
To provide financial support to help sustain their business operations during and after this pandemic. In addition to sponsor contributions, supporters can donate to the Small Business Relief Fund, which will match $500 grants to qualifying businesses that raise at least $500 through a GoFundMe campaign.
Neighborhood Business Grants
Program offers grants to NYC-based businesses of up to $10,000 to maintain payroll and operations. Eligible businesses must employ 10 or fewer employees and demonstrate business revenue decrease of at least 25% due to COVID-19, and the program will prioritize businesses owned by people of color, immigrants, and women and those who have not received an SBA EIDL or PPP loan.
LISC Small Business Relief & Recovery Fund
Offers $10,000 grants to minority-owned NYC small businesses. Eligible applicants must have fewer than 20 employees, less than $500,000 in annual revenue, formally registered and in business for at least one year. Eligible expenses include payroll, overhead, rent, upgrades to technology & infrastructure, marketing and employee training. Application deadline is November 6th, 2020.
NYC Small Business Emergency Grant Program
New York City
Provides grants of up to $10,000 to small businesses in all five boroughs that earned less than $1.5 million in revenue in 2019 and experienced physical damage as a result of recent looting. Complete the interest form, and local partner organizations will reach out to eligible applicants.
New York Forward Loan Fund
New York State
To provide working capital loans of up to $100,000 to NYS small businesses, nonprofits, and small landlords that suffered a direct economic hardship as a result of COVID-19. The $100+ million program supports businesses and organizations as they proceed with upfront expenses to comply with guidelines (e.g., inventory, marketing, refitting for new social distancing guidelines) as they reopen based on New York Forward guidelines.
SBA Express Disaster Bridge Loan
Program to enable small businesses to apply for financing of up to $25,000 from SBA Express Lenders while they wait for decision and disbursement of an Economic Injury Disaster Loan (EIDL). SBA-guaranteed loans through this program will serve as invaluable bridge financing, and be repaid in full or in part by proceeds from the EIDL loan.
7(a), 504 and Microloan Debt Relief
Microloan Debt Relief to small businesses with existing non-disaster Small Business Administration Loans. As part of the program, the SBA will automatically pay the principal, interest, and fees for the next six months for borrowers with existing SBA 7(a) loans, 504 loans, and microloans.
Economic Injury Disaster Loan
Offer up to $150,000 in working capital to help small businesses and private non-profit organizations overcome COVID-19 related loss of revenue.
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