Assistance & Guidance for Businesses Impacted Due to Novel Coronavirus

Female Business Owner

Financial Assistance for Businesses Impacted by COVID-19

Mayor Bill de Blasio announced on March 8 that the City will provide relief for small businesses across the City seeing a reduction in revenue because of COVID-19.

NYC Employee Retention Grant Program

The City is offering small businesses with fewer than 5 employees a grant to cover 40% of payroll costs for two months to help retain employees.

Eligibility Criteria for the NYC Employee Retention Grant Program

Businesses, including non-profits, must:

  • Be located within the five boroughs of New York City
  • Demonstrate that the COVID-19 outbreak caused at least a 25% decrease in revenue
  • Employ 1-4 employees in total across all locations
  • Have been in operation for at least 6 months
  • Have no outstanding tax liens or legal judgements


NYC Employee Retention Grant Program Flyer

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NYC Small Business Continuity Loan Fund

Businesses with fewer than 100 employees who have seen sales decreases of 25% or more will be eligible to apply for zero interest loans of up to $75,000 to help ensure business continuity.

Eligibility Criteria for the NYC Small Business Continuity Loan Fund

Businesses must:

  • Be located within the five boroughs of New York City
  • Demonstrate that the COVID-19 outbreak caused at least a 25% decrease in revenue
  • Employ 99 employees or fewer in total across all locations
  • Demonstrate ability to repay the loan
  • Have no outstanding tax liens or legal judgements


NYC Small Business Continuity Loan Fund Flyer

Other Languages: Arabic | العَرَبِيَّة | Bengali | বাংলা | Simplified Chinese | 简体中文 | Traditional Chinese | 繁體中文 | Farsi | فارسى | French | Français | Greek | Ελληνικά | Haitian Creole | kreyòl ayisyen | Hindi | हिंदी | Italian | Italiano | Korean | 한국어 | Polish | język polski | Punjabi | ਪੰਜਾਬੀ | Russian | ру́сский язы́к | Spanish | Español | Tagalog | Urdu | اُردُو | Vietnamese | Tiếng Việt


As part of the applications, you will be required to demonstrate a revenue decrease by providing documentation such as: point-of-sales reports, bank statements, quarterly sales tax filings, 2019 tax returns, or CPA-certified profit & loss statements. You can begin to gather these documents in preparation.


U.S. Small Business Administration (SBA) Economic Injury Disaster Loans and Loan Advance

Small business owners in New York are currently eligible to apply for a low-interest loan due to Coronavirus (COVID-19) through the U.S. Small Business Administration (SBA).



More information on the SBA's Coronavirus (COVID-19) Small Business Guidance & Loan Resources here.


Guidance for Business Owners and FAQs

Below is some information to help you and your business stay safe and prevent the spread of germs. This is a rapidly changing situation, visit the NYC Health website for more up-to-date information, including FAQs for employers.

  • Guidance and Frequently Asked Questions
  • Sign up to receive updates from SBS
  • Business Continuity Planning Checklist
  • Business Planning Checklist for Pandemics