Small Business Grants & Zero-Percent Interest Loans
The LISC Neighborhood Business Grants program offers grants of up to $20,000 to businesses facing immediate financial pressure because of Covid-19. Eligible expenses under the grant program include payroll, rent, utilities, outstanding debt to vendors, and other immediate operational costs. For FAQ's and eligibility click here. Application deadline is August 23rd.
The Citizens Committee for New York City's Neighborhood Business Grants program offers grants to NYC-based businesses of up to $10,000 to maintain payroll and operations. Eligible businesses must employ 10 or fewer employees and demonstrate business revenue decrease of at least 25% due to COVID-19, and the program will prioritize businesses owned by people of color, immigrants, and women and those who have not received an SBA EIDL or PPP loan.
The Hebrew Free Loan Society has partnered with Bank Leumi on an Interest-Free Small Business Loan program, offering loans of up to $20,000 with a maximum term of 36 months to low- and moderate-income women and minority small business owners, with a three-month grace period before repayment begins. Eligibility requirements include business revenues of $1.25 million or less, 15 or fewer employees prior to the pandemic, and a minimum credit score of 650.