Resource Name |
Provider |
Eligibility |
Amount |
Use of Funds |
|---|---|---|---|---|
Federal Programs |
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| Economic Injury Disaster Loans |
Small Business Adminstration | Small Business, non-profit of any size, or U.S agricultural business with 500 or fewer employees |
Varying | Working capital, normal operating expenses, losses not covered by normal insurance |
| Express Bridge Loan Pilot Program |
Small Business Adminstration | Small Businesses adversely impacted by Corona Virus | Maximum is $25,000 | N/A |
New York Programs |
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| New York Forward Loan Fund(Rolling Basis) |
New York State | Small businesses with 20 or fewer full-time equivalent employees, non-profits that did not receive a PPP greater than $50,000 or an EIDL of any amount |
Maximum $100,000 at fixed annual rate of 3% | Inventory, marketing, refitting for new social distancing guidelines |
| NYC LMI Storefront Loan |
New York City | Storefront businesses operating in low-to-moderate income areas with between 2 and 99 employees and have been in operation since the start of 2018 |
Maximum loan amount of up to $100,000 at 0% interest rate | Restarting or continuing operations after experiencing challenges due to COVID-19 |
Grants and Loans |
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| Corona Virus Financial Impact Loan |
Hebrew Free Loan Society | Residents of the five boroughs, West Chester, or Long Island facing financial challenges caused by the outbreak |
$2,000 to $5,000 repayable in 20 monthly installments | Lost wages due to being unable to work, child care costs due to school closures, small business losses, related medical costs |
| COVID-19 Relief Fund Application | Robin Hood | 501(c)(3) organizations providing services in NYC | Varying | N/A |
| Zakat Fund General Application(Rolling Basis) |
Zakat Fund of NYC | In line with mission of organization, 501(c)(3) entity, funds are distributed to the residents of the NYC Metro Area, clear processes to monitor use of the funds. |
Varying | N/A |
| Zakat Fund Food Program Application(Rolling Basis) |
Zakat Fund of NYC | In line with mission of organization, 501(c)(3) entity, funds are distributed to the residents of the NYC Metro Area, clear processes to monitor use of the funds. |
Varying | Projects related to food distribution |
| Business Center for New Americans Small Business Loans |
Business Center for New Americans | Small businesses in Queens and Staten Island, specifically immigrant, refugee or women-owned businesses who can demonstrate the ability to pay back and make use of funds. |
$75,000 to $250,000 at prime plus 3.25% interest rate | Constructive use for business growth |
| Business Center for New Americans Microloans |
Business Center for New Americans | Small business or start-up who can demonstrate the ability to pay back and make use of funds. |
$500 to %50,000 at 5% to 10% interest rate | Start-ups, business expansions, and refinancing |
| BOC Capital Financing |
BOC Capital | Businesses and business owners with character, personal and business history and future opportunities. |
Varying | N/A |
| Lendistry | Lendistry | Small businesses looking for funding | Varying | N/A |
Business Service Assistance Quiz |
|
| New York Business Express |
A quiz that provides a list of New York State programs and services that could help get your business off the ground |
Programs |
|
| New York Forward Small Business Lease Assistance Partnership |
This initiative provides commercial tenants and small business landlords with pro bono legal services, and the information needed to reach a mutually agreeable lease renegotiation. |
