New York City is going to provide relief for small businesses across the City that are seeing a reduction in revenue due to the economic impact of the coronavirus.
1. Businesses with fewer than 100 employees who have seen a sales decrease of 25% or more will be eligible for zero interest loans up to $75,000 to help mitigate losses in revenue and income
2. The City will also offer small businesses with fewer than 5 employees a grant to cover 40% of payroll costs for two months to help the business retain employees.
3. Eligible business owners need to go to: https://www.surveymonkey.com/r/N336ZYB to fill out a COVID-19 Business Assistance Survey