New York State Small Business Development Centers. The New York Small Business Development Center offers high quality business consulting and training to New Yorkers looking to start a business or improve their business performance through a regional network of 24 centers around the state…New York State offers a variety of small business resources to help you succeed. Whether your business needs a microloan of less than $25,000 or a loan of $500,000+, our directory of NYS alternative lenders can guide you to meet your financing ;· 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 2020. For Example: October 2019 Revenues: $10,000; November 2019 Revenues: $15,000New York companies use alternative loans to purchase business inventory, help pay for expansion of their businesses, help their small business make payroll, purchase equipment and machinery and just about any other short-term business financing use for operational ;· Small businesses based in specific parts of NYC may be eligible for loans up to $50,000 with a 3% interest rate. Terms last as long as 4 years, and payments can be deferred up to 6 months. 50 employees or fewerCoronavirus: Information for Small Businesses | Department Division of Small Business | Empire State DevelopmentCoronavirus Loans & Grants for New York State Businesses Coronavirus Loans & Grants for New York State Businesses 23/08/2021 · Small Business Administration (SBA) COVID-19 Loans. New York State small businesses are eligible for a number of relief benefits from the Small Business Administration (SBA) - part of the $2 trillion federal stimulus bill (CARES Act). These programs are expected to be in high demand from small businesses across 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 Small Business Development Center: Get free counseling to help start your business, receive training on how to write a business and marketing plan, plus other tips on doing business with the state; NYS Empire State Development: Get technical and small business assistance; Accessing Capital and Incentives. Business financing programs. NYS Empire State Development: Explore loan options, …29/08/2021 · To participate in Healthy NY, a small business must meet all of the following criteria: The business must be located within New York State. The business must have had 1-50 Full-Time Equivalent (FTE) employees over the previous calendar year. At least 30% of the employees must earn $44,075 or less in annual ;· The $100 million state program—New York Forward Loan Fund—is aimed at minority- and women-owned small businesses. The loans are for small businesses …
