NYC Small Business COVID-19 Relief

The Service Corps of Retired Executives (SCORE) NYC has compiled a list of funding resources for small businesses in New York City in need due to the spread of COVID-19. Check Score's site for updates to their list. The list as of March 30, 2020 is below.

The Small Business Administration (SBA)

Emergency funding is available in Loans up to $2M at maturities up to 30 years.

Pricing is set at 3.75% for businesses and 2.75% for nonprofits. Apply here.

NYC

Small businesses that have experienced a decrease in revenue of 25% or greater are eligible to apply for zero interest loans of up to $75k. Apply here.

Small businesses with fewer than 5 employees are eligible for a grant to cover 40% of payroll costs for two months. Apply here.

New York Community Trust

The NYC COVID-19 Response and Impact Fund is offering loans and grants to nonprofits with priority given to those providing services for essential healthcare and food needs in the city. Apply here.

Crowdfunding: Kiva

Kiva offers a maximum loan of $15k with a new six-month grace period for zero-interest crowdfunded loans. Apply here.

Crowdfunding: Mainvest

The Main Street Initiative allows brick-and-mortar businesses to launch a funding campaign for a revenue based loan. Applicants may be eligible for an immediate $2k zero-interest loan. Apply here.

Facebook

Facebook is planning to provide $100M in cash grants and advertising credits for up to 30,000 small businesses. Applications are now open as of March 30. Click here to sign up for further updates.

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