Federal (SBA)
 
Below you can access information about federal, state, city and private resources in regards to coronavirus (COVID-19).
  • Economic Injury Disaster Loan offers up to 24-months of economic injury working capital with a maximum loan amount of $500,000 at an interest rate​ of 3.75% for small businesses and 2.75% for non-profits, and a maximum term of 30 years.​

  • Paycheck Protection Program loans provided a direct incentive for small businesses to keep their workers on the payroll, offering loans of up to $10 million an interest rate of 1% and that are forgivable if the business meets all program requirements.​ Applications are closed for this program.

  • The Shuttered Venue Operator Grant provides relief grants to select businesses in and affiliated with live events. Eligible applicants may qualify for grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million.

  • The Restaurant Revitalization Fund provided restaurants with funding equal to their pandemic-related revenue loss up to $5 million per location, not to exceed $10 million total for the applicant and any affiliated businesses. Applications are closed for this program.

  • 7(a), 504 and Microloan Debt Relief offered by the SBA in the form of the agency covering the cost of all principal, interest, and fees for the next six months for borrowers with existing SBA 7(a) loans, 504 loans, and microloans. 

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Pace University SBDC

163 William Street, Room 328

New York, NY, 10038   

CONTACT

Office:  (212) 618-6655

Email:  sbdc@pace.edu

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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.

© 2021 Pace Small Business Development Center. All rights reserved.