Small Business Resources

The City will provide relief for small businesses across the City seeing a reduction in revenue because of COVID-19. Businesses with fewer than 100 employees who have seen sales decreases of 25% or more will be eligible for zero interest loans of up to $75,000 to help mitigate losses in profit.

The City is also offering small businesses with fewer than five (5) employees a grant to cover 40% of payroll costs for two months to help retain employees. Eligible owners who would like to learn more about these programs, including eligibility requirements, should visit:

If you need immediate capital, you may contact one of our NYC Business Solutions Centers to connect with our network of 40+ lenders. Find a location:

The Small Business Administration recently sent out communications reminding lenders, 504 program Certified Development Companies, and Micro-Loan Intermediaries of their unilateral authority to provide temporary relief in the form of deferred payments to existing borrowers under certain circumstances. Learn more:

A new bipartisan spending package was just passed in the House of Representatives and the Senate. This package, when it is implemented, will provide $7 billion in federal funds to assist small businesses that suffer economic harm from the coronavirus outbreak. You can read more about the bill here.


Complete the interest form to be notified when the applications open.

The Mayor announced employee retention grants of up to 40% of payroll costs will be available to help businesses with under 5 employees pay their staff. Sign up at to receive more information as it becomes available.


The Shared Work Program gives you an alternative to laying off workers during business downturns by allowing them to work a reduced work schedule and collect partial Unemployment Insurance benefits for up to 26 weeks. Instead of cutting staff, you can reduce the number of hours of all employees or just a certain group. Learn more:

Yes. If your business needs help with a commercial lease issue in New York City, you may be eligible for free legal services. Visit to learn more.

If you cannot find the answer to your question in our FAQs, call (800) 342-3736. The DFS Hotline is available Monday through Friday, 8:30 a.m. to 4:30 p.m. (local calls can be made to (212) 480-6400 or (518) 474-6600), or send DFS an email.

New Yorkers with complaints about a business interruption insurance policy should contact:

Learn more:

Great question.  These small businesses don't usually pay into unemployment insurance *(they my only be 1099) so they are not protected.  There are a number of people who are pushing to expand Unemployment Insurance to include 'gig economy' workers during this Covid-19 crisis.


You can read an amazing deep dive look into this here.