Small Business Loan Resources | Empire State DevelopmentCoronavirus Loans & Grants for New York State Businesses Coronavirus Loans & Grants for New York State Businesses Coronavirus Loans & Grants for New York State Businesses Small Business Loan Resources. With so many small business lending options available, it can be hard to know which loan product makes the most sense for your small business. The following information will help you understand your options for getting a small business loan, make informed decisions, and find responsible small business ;· Loan Terms. The loan terms are as follows: Loan Amount: For small businesses: Lesser of (a) $100,000 or (b) up to 100% of average monthly revenues in a 3-month period prior to the COVID-19 outbreak. The 3-month period can be any 3-month period from 2019 or January to March offers access to the best business loans in New York. Getting a business loan online in NY has never been easier thanks to business lenders (large and small banks, credit unions, community lenders, non-profit lenders) offer the best types of financing for New York state small businesses, because they offer the lower rates and longest terms of all business ;· New York Forward Loan Fund (NYFLF) Businesses, nonprofits and landlords can apply for up to $100,000 to fund reopening costs as their industry and region reopens. The following types of businesses are eligible: Small business with no more than 20 …The New York State COVID-19 Pandemic Small Business Recovery Grant Program was created to provide flexible grant assistance to currently viable small businesses, micro-businesses and for-profit independent arts and cultural organizations in the State of New York who have experienced economic hardship due to the COVID-19 pandemic.

Tags: