Below you can access information about federal and city resources in regards to coronavirus (COVID-19).
Federal Coronavirus Resources

The U.S. Small Business Administration’s(SBA) Economic Injury Disaster Loans offer up to $2 million to help small businesses and private non-profit organizations overcome the temporary loss of revenue they are experiencing as a result of the Coronavirus. The loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. The interest rate is 3.75% for small businesses without credit available elsewhere, and 2.75% for non-profits, with a maximum term of 30 years, depending on the ability to repay. Click here for more info. 

 

Check out the NYSBDC application guide for an excellent step-by-step explanation of applying through the SBA’s disaster loan portal. To apply you will need to complete and upload the below forms: 

Additionally, you should be prepared to provide:

  • Personal Federal income tax returns for each principal owning 20% or more of the applicant business 

  • 2019 Business Tax Return (Filed) OR Your 2019 year-end Profit and Loss Statement and Balance Sheet & Most Recent (Filed) Business Tax Return

  • 2020 Year to Date Profit and Loss Statement.

 

You can also refer to the SBA process summary or contact the SBA directly at disastercustomerservice@sba.gov or  (800)-659‐2955.

 

Please contact the Pace SBDC business advisor team at sbdc@pace.edu for assistance with your application and any program questions. 

IN PARTNERSHIP WITH:
VISIT US

Pace University SBDC

163 William Street, Room 328

New York, NY, 10038   

CONTACT

Office:  (212) 618-6655

Email:  sbdc@pace.edu

SUBWAY

A, C, J, Z, 2, 3, 45 to Fulton St

E to World Trade Center
6 to Brooklyn Bridge

CAREERS

Partnership Program with the SBA, administered by the State University of New York. Funded in part through a Cooperative Agreement with the U.S. Small Business Administration.  All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA. All SBA funded programs are extended to the public on a nondiscriminatory basis.

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