April 2, 2020

Dear client,

To help small businesses deal with the impact of COVID-19, the City has launched the NYC Small Business Continuity Loan Program. This program is available to New York City businesses with fewer than 100 employees that can demonstrate at least a 25% decrease in revenue as a result of COVID-19. Eligible businesses can apply for an interest-free loan up to $75,000.

TO READ MORE ABOUT THE NYC SMALL BUSINESS CONTINUITY LOAN PROGRAM CLICK HERE

The City is also providing services to businesses that have up to four employees. The NYC Employee Retention Grant Program will officially stop accepting applications on Friday, April 3, 2020, at 5 p.m. Businesses seeking assistance can access the NYC Small Business Continuity Loan Fund and apply to programs from the U.S. Small Business Administration (SBA) listed at nyc.gov/covid19biz.

To help small businesses deal with the impact of COVID-19, the City has launched the Employee Retention Grant Program to help retain employees as businesses face decreased revenue. 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.

TO READ MORE ABOUT THE NYC EMPLOYEE RETENTION PROGRAM CLICK HERE

We remain committed to providing you with the most up-to-date information as we know it. As always, we are in this together.