The Staten Island Business Podcast
1. Express Bridge Loans from The SBA Website: sba.gov/LenderMatch [http://www.sba.gov/LenderMatch] Financing type: Quick turnaround advance on an Economic Disaster Loan Funding Limit: $25,000 Who it's for: US small businesses and non-profits waiting to receive a Disaster Loan 2. New York City Hall Website: nyc.gov/covid19biz [http://nyc.gov/covid19biz] Zero-interest loans Financing type: Loan Funding limit: $75,000 Who it's for: Businesses with fewer than 100 employees with sales decrease of 25% Payroll grant Financing type: Grant Funding Limit: 40% of payroll costs for two months Who it's for: Businesses with fewer than five employees 3. Downtown Alliance New York Small Business Rental Assistance Grant Website: downtownny.com/RentAssistGrant [https://downtownny.com/RentAssistGrant] Financing type: rental assistance grants Funding limit: $10,000; Total fund is $800,000 Who it's for: Essential small businesses in New York City, must have fewer than 20 employees, be located on a ground floor, gross annual revenue below $1.5 million, and have a lease through December 31, 2020. 4. Brooklyn Chamber of Commerce Bring Back Brooklyn Fund Website: bringbackbrooklyn.org [https://fundrazr.com/BCC-BringBrooklynBack?ref=ab_48xd2f_ab_4e9xnB0J7mY4e9xnB0J7mY] Financing type: zero-interest loans Funding limit: Expected to be $30,000; Currently raising funds with a goal of $500,000 Who it's for: Small businesses in Brooklyn that have been hurt by the pandemic and have been shut out of other loan programs, and that plan to reopen. The majority of loans are for minority- and women-owned businesses, and funding will only begin after the economy begins to re-open.
14 episodes
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