The rules small business owners need to follow in order to get their federal loans forgiven have been made more lenient under the Paycheck Protection Flexibility Act.
Eventbrite - NYC Department of Small Business Services presents Applying for Loans & Grants for NYC Small Businesses| BROOKLYN |08/29/2023 - Tuesday, August 29, 2023 at NYC Business Solutions Brook...
The precipitous decline of the yellow cab business led to a record 510 foreclosures of taxi medallion-backed loans in 2019, a Daily News analysis of city data found. The spike in foreclosures is mo...
She planned to attend a community college close to home and study business. However, when one of her peers messaged her on Myspace asking whether she'd consider moving to NYC for a six...
Celebrating NYC Small Business Month with SBS In May 2023, Mayor Eric Adams and NYC Department of Small Business Services (SBS) Commissioner Kevin D. Kim announced the launch of “Small Business Mon...
Goldman Sachs will pick most of the tab, roughly $50 million, Kim said, while the city will cover the remaining $25 million. Adams said many women and minority-owned small businesses didn’t close during the pandemic and the city is indebted to them for that sacrifice. “They did not go away from the needs of the city, providing those basic needs,” the mayor said. “You cannot telework if you are delivering food products, health care products, and some of the other basic supplies. They remained open and we are forever in debt to them. Toda ...
the NYC Small Business Continuity Loan Fund to companies as they face decreased revenue.... interest loans of up to $75,000 to help retain employees and ensure business continuity. The loan...
Some days, she signs up a new member but often two cancel. “I cut my losses and closed a thriving business,” she said. “I don’t even know how much debt I am in.” · As the shutdown that sent the city’s economy into a free fall nears the one-year mark, prospects for small businesses in New York City are worsening, new data shows. Businesses that are hanging on are doing so because their landlords have decided some rent is better than no tenant — and because a new round of federal Paycheck Protection Program loans offers hope of pay ...
Understand which financial product is best suited for their needs ; Review and put together documents ; Calculate loan repayment terms
The fund builds on the success of the landmark $85 million "NYC Small Business Opportunity Fund ," which provided loans of up to $250,000 to over 1,000 businesses, with 69 percent of loans...