NYC Small Business Grants & Loans
 
Below you can access information about federal, state, city and private resources in regards to coronavirus (COVID-19).

The LMI Storefront Loan Program supports storefront businesses in low-to-moderate-income communities. The program extends 0%-interest loans of up to $100,000 with a 60-month loan term and no payments for the first six months to storefront businesses with 2-99 employees who have business operations since or before January 1st, 2018, were cash flow positive in 2019, and are located in LMI neighborhoodsApplication deadline is August 17, 2021, at 11:59 PM. 

The Interest Rate Reduction Grant reduces the interest expense owed by small business owners on existing loans with eleven Community Development Financial Institutions (CDFI) who work primarily with Asian, Black, Latinx, and immigrant business owners​, freeing up cash flow to help restart or maintain operations. Businesses must have an existing loan with a participating CDFI, which will confirm if the business is eligible to apply. Check our blog post for a list of the eleven participating CDFIs.​

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​New York City has paused application intake for its NYC Business Continuity Loan Fund, NYC Small Business Emergency Grant Program, and Restaurant Revitalization Program. If you have any questions on these programs, the NYC Employee Retention Grant Program, or other NYC-based resources, contact the NYC Department of Small Business Services.