Eligibility Requirements for SBS Employee Retention Grants:

Businesses, including non-profits, must:

  • Be located within the five boroughs of New York City

  • Demonstrate that the COVID-19 outbreak caused at least a 25% decrease in revenue

  • Employ 1-4 employees in total across all locations

  • Have been in operation for at least 6 months

  • Have no outstanding tax liens or legal judgements

Eligibility Requirements for SBS Small Business Continuity Loans:

Businesses must:

  • Be located within the five boroughs of New York City

  • Demonstrate that the COVID-19 outbreak caused at least a 25% decrease in revenue

  • Employ 99 employees or fewer in total across all locations

  • Demonstrate ability to repay the loan

  • Have no outstanding tax liens or legal judgements

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