Great News For Our Smallest Businesses!

Great News For Our Smallest Businesses!
Great News For Our Smallest Businesses!
Wednesday, February 24, 2021
Some great news for our smallest businesses!
 
Beginning 2/24 and for two weeks, the Paycheck Protection Program (PPP), https://www.sba.gov/.../coron.../paycheck-protection-program, is only accepting applications from businesses with fewer than 20 employees. This is an effort to make sure federal funds are reserved for sole-proprietors and small employers. In NYC, that’s the majority of our businesses!
 
If your business employs fewer than 20 employees, we encourage you to consider applying during this 2-week window so your application will be prioritized.
 
Need help finding a PPP lender? Check out the list of Community Development Financial Institutions, https://www1.nyc.gov/.../pdf/businesses/PPP2_NYC_CDFIs.pdf, accepting applications.
 
Want to learn more about PPP before you apply?
Visit nyc.gov/ppp to learn about Fair Share NYC, an assistance program by the offering 1-on-1 support, webinars, and more to help you apply.
 
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