NYC SMALL BUSINESS CONTINUITY LOAN

WHO'S

ELIGIBLE

Small businesses located within five boroughs of New York City with less than 100 employees

loan

AMOUNT

Up to $75,000 at 0%

TERM

Up to 5 years

decrease in

revenues

Must demonstrate the business suffered at least 25% decrease in revenues due to COVID -19. NYC Small Business Services will compare average revenue for two months in 2020 after the COVID-19 impact to both (a) average revenue for the same two months of 2019, and (b) the average monthly 2019 revenue.

time in

business

Business must have been in operation for at least 2 years

liens and 

judgments

Business must have no judgment or tax liens

Allowable Use of grant Proceeds

Business related costs

application

processing timeframe

TBD

Supporting Documents needed

  • Revenue Statements for two consecutive months in 2020

  • Revenue Statements for same two consecutive months in 2019

  • Annual Revenue Statements for 2019

  • Payroll Records for each Employee

  • Proof of NYC location

READY TO APPLY? 

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1 World Trade Center
Suite 8500 
New York, NY 10007
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