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NYC Small Business Services - Continuity Loan Fund

What: NYC Employee Retention Grant Program to help retain employees as businesses face decreased revenue.

Who: This program is available to New York City businesses with one to four employees that can demonstrate at least a 25% decrease in revenue as a result of COVID-19. Eligible businesses will receive a grant covering up to 40% of their payroll for two months. Businesses can access up to $27,000.

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Opportunity Fund

Who can get help: Small businesses and entrepreneurs

What: The Opportunity Fund is a microfinance institution that typically lends to small businesses and entrepreneurs. Small businesses can apply to this organization to acquire loans to help them through the COVID-19 outbreak. Loans are typically geared toward entrepreneurs.

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