Small business owners and entrepreneurs can learn about available financing products and get help applying for a financing award. 

Minority and Women-Owned Business Enterprises (M/WBEs) and small businesses can get help with:

  • Contract financing to access low-interest loans to help perform on contracts with a City agency or the Economic Development Corporation
  • Bond collateral to help get surety bonding for construction contracts

  • Agency: Small Business Services
  • Division: NYC Small Business Services Hotline
  • Phone Number: 888-SBS-4NYC (888-727-4692)
  • Business Hours: Monday - Friday: 9 AM - 5 PM

Minority and Women-Owned Business Enterprises (M/WBEs) and small businesses working on or hoping to work on City projects as prime or subcontractors can access loans for up to $500,000 at an interest rate of 3 percent APR.

Get more information and apply online for contract financing.

NYC Small Business Services (SBS) can provide you with information on securing financing for your business, including resources from Federal, State, and City programs.

If you would like to receive updates about any new local, state or federal financial assistance programs that become available or other information to help your business during this crisis, you can also sign up to receive updates from SBS.


Learn about financial resources for business owners during COVID-19.

By Phone

  • Agency: Small Business Services
  • Division: NYC Small Business Services Hotline
  • Phone Number: 888-SBS-4NYC (888-727-4692)
  • Business Hours: Monday - Friday: 9 AM - 5 PM

Financial Counseling

NYC Financial Empowerment Centers now provide free one-on-one professional financial counseling over the phone. Counselors can help you separate personal and business finances and more during COVID-19.

Centers do not provide grants.

Learn more on the Financial Counseling page.

Small Business Resilience Grant

The NYC Small Business Resilience Grant is a $10,000 grant to help eligible small businesses recover from the economic hardships that occurred because of the COVID-19 pandemic.

Applicants must use the $10,000 grant to offset operational expenses incurred between March 3, 2021, and December 23, 2024 for their small business.

Examples of eligible expenses include the following:

  • Payroll and benefits
  • Mortgage
  • Rent
  • Utilities
  • Other operating costs

More information, including eligibility requirements and applications, are available online.

Learn more about the Small Business Resilience Grant.

Paycheck Protection Program (PPP)

The federal Paycheck Protection Program (PPP) is a loan program run by the United States Small Business Administration (SBA) that helps businesses keep their workforce employed during the COVID-19 crisis. PPP is a forgivable business loan, meaning you may not need to pay it back.

The deadline to apply was May 31, 2021.

Loans will be forgiven if you meet the following SBA criteria:

  • Maintain employee and compensation levels, and
  • Use your funds for eligible expenses, including 60% for payroll expenses and 40% for other eligible operating expenses. 

Neither the government nor lenders will charge small businesses any fees.

Forgiveness is based on the employer maintaining or quickly rehiring employees and maintaining salary levels. Forgiveness will be reduced if full-time headcount declines, or if salaries and wages decrease.

Learn more about the Federal Paycheck Protection Program.

Sign up for PPP email updates.

Shuttered Venue Operators Grant

Under the Shuttered Venue Operators Grant, eligible businesses and non-profit organizations may be able to get a grant equal to 45 percent of 2019 gross earned revenue, up to $10 million. This federal grant program used to be called Save Our Stages.

The following businesses and non-profit organizations can apply for the grant:

  • Operators or promoters of places that have live performances
  • Theater producers
  • Live Performing arts organizations
  • Museums, zoos and aquariums that meet certain guidelines
  • Movie theaters
  • Talent representatives

Businesses and organizations also:

  • Must have been operating as of February 29, 2020, and
  • Must not have applied for a PPP loan on or after December 27, 2020

Learn more about the Shuttered Venue Operators Grant.

Application Assistance

The Curtains Up NYC program offers free application assistance for NYC businesses and nonprofits connected to live performance applying for the Shuttered Venue Operators Grant program of the federal government.

Curtains Up NYC program assistance includes virtual one-on-one sessions with trained counselors on the best strategy for you and help filling out the application.

Resources are available in multiple languages, including Spanish and Chinese.

Sign up for one-on-one counseling. You must create an account and complete preliminary information before the counseling session. Once you create an account, select “Financing Assistance” to proceed. 

You can also get more information by phone.

  • Agency: Small Business Services
  • Division: NYC Small Business Services Hotline
  • Phone Number: 888-SBS-4NYC (888-727-4692)
  • Business Hours: Monday - Friday: 9 AM - 5 PM

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