The NYFLF offers working capital loans to a) NYS small businesses with 50 or fewer employees, b) nonprofits, or c) small landlords as they reopen after the COVID-19 outbreak and NYS on PAUSE.
Other eligibility requirements must be met in order to qualify. An in-depth description of the fund can be found here:
https://www.connect2capital.com/partners/new-york-forward-loan-fund/
Answers to Frequently Answered Questions about this loan fund can be found here.
COVID-19 PANDEMIC SMALL BUSINESS RECOVERY GRANT PROGRAM
The $800 million COVID-19 Pandemic Small Business Recovery Grant Program provides grant funding to small and micro businesses and for-profit independent arts and cultural organizations impacted by the pandemic.
Grants are for New York State-based small businesses, microbusinesses, and for-profit independent arts and cultural organizations. They must be currently viable and have begun operation on or before March 1, 2019 and continue to be in operation as of the date of application.
RESTAURANT RESILIENCY PROGRAM
The NYFLF offers working capital loans to a) NYS small businesses with 50 or fewer employees, b) nonprofits, or c) small landlords as they reopen after the COVID-19 outbreak and NYS on PAUSE.
The Restaurant Resiliency Program sets aside $25 million to provide grants to restaurants that offer meals and other food-related items to New Yorkers within distressed or underrepresented communities.
For additional information on this program, as well as details on how to apply, go here:
https://agriculture.ny.gov/restaurantresiliency
RESTAURANT RETURN-TO-WORK TAX CREDIT
For small, independently owned restaurants. This program is open to eligible restaurants located in New York City, or in an area outside of New York City that was designated an Orange or Red Zone for at least thirty consecutive days.
Qualifying businesses are eligible for a tax credit of $5,000 per new worker hired, up to $50,000 per business.
For information on eligibility, how to apply, and frequently asked questions, visit the program website here:
https://esd.ny.gov/restaurant-return-work-tax-credit
New York Small Business Development Center
State University of New York
SUNY System Administration
H. Carl McCall SUNY Building
353 Broadway
Albany, NY 12246
In NY State 800-732-SBDC
Outside NY State 518-944-2840
Vision: The NY SBDC brings world class business expertise to the Small & Medium Enterprise community.
Mission: The New York SBDC provides customized solutions through advisement, education, research and advocacy for Entrepreneurs, Innovators and the Small & Medium Enterprise community.
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. Language assistance services are available for limited English proficient individuals. Special arrangements for persons with disabilities can be made by calling the SBDC at least two weeks in advance.
