- Agency: Small Business Services
- Division: NYC Business Restart Hotline
- Phone Number: (888) 727-4692
- Business Hours: Monday - Friday: 9 AM - 5 PM
Restaurant Revitalization Program (RPP)
The Restaurant Revitalization Program (RPP) provides funds to restaurants to pay workers who have been unemployed or under-employed due to COVID-19.
Restaurant owners can apply by completing and submitting the Restaurant Revitalization Program application.
After the RPP Review Committee has reviewed your application, a representative may contact you with questions.
If you submit your application by June 19, 2020, you will receive a final decision starting June 26, 2020. Please note that it may take longer depending on any required follow-up.
This is a short-term program. Applications will be accepted until funding for RPP is no longer available.
If your restaurant is selected to participate in the program, the Human Resources Administration (HRA) will send you:
- A detailed program manual
- Documents that must be completed and sent back to receive the grant funding
- The timeline for when the documents must be returned
Learn more about the Restaurant Revitalization Program.
If you have any questions about the RPP, please email them to WPPADMIN@hra.nyc.gov. The program will follow up with you within two business days.
NYC LMI Storefront Loan
Storefront businesses that meet certain eligibility requirements can apply for a zero-interest loan up to $100,000. The loan can be used to help businesses restart or continue operations after experiencing challenges from COVID-19.
To be eligible for this loan, businesses must:
- Be a storefront business located within an LMI zip code:
- Bronx: 10451, 10452, 10453, 10454, 10455, 10456, 10457, 10458, 10459, 10460, 10467, 10468, 10472, 10473, 10474
- Brooklyn: 11206, 11207, 11208, 11212, 11213, 11219, 11224, 11233, 11239
- Manhattan: 10002, 10029, 10030, 10035, 10037, 10039
- Queens: 11354, 11355, 11692
- Have business operations since or before January 1st, 2018
- Employ between two and 99 employees
The application will be available online on November 30th.
Learn more about the NYC LMI Storefront Loan.
Interest Rate Reduction Grant
The Interest Rate Reduction Grant will help reduce the interest expense owed on an existing loan with select Community Development Financial Institutions (CDFI). CDFIs focus on serving businesses that cannot easily access capital and creating opportunities that positively impact the communities they serve. SBS has partnered with 11 CDFIs who work primarily with Asian, Black, Latinx, and immigrant business owners.
The grant will free up cash flow for businesses that can be repurposed to help restart or maintain operations. Businesses must have an existing loan with CDFIs listed below and should contact their CDFI to confirm if they are eligible to apply.
- Accompany Capital (Previously Business Center for New Americans)
- Ascendus (Previously Accion East)
- BOC Capital
- Greater Jamaica Development Corporation (GJDC)
- Harlem Entrepreneurial Fund
- Renaissance Economic Development Corporation
- The Bronx Overall Economic Development Corporation (BOEDC)
- TruFund Financial Services
- Upper Manhattan Empowerment Zone Development Corporation (UMEZ)
- Washington Heights and Inwood Development Corporation (WHIDC)
- The Working World DBA Seed Commons
Learn more about the Interest Rate Reduction Grant.
Shuttered Venue Operators Grant
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. To learn more, visit the Curtains Up NYC page.
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.