Grants of up to $5,000 are available from New York City Small Business Services (SBS) to help businesses that may not qualify for the emergency loan:
Small Business Assistance Grants will be awarded based on eligibility and need, and may be used by recipients for structural repairs, equipment repairs and the purchase of replacement equipment needed for business recovery.
To be eligible, businesses must be:
- located in evacuation zones A or B
- have annual gross revenues under $10 million
- employ fewer than 100 full-time employees
- be located in the same commercial corridor or within the same geographic vicinity it occupied prior to the storm.
Grants will be awarded on a first-come-first-serve basis. Small Business Assistance Grants are in addition to the low-interest emergency loans and matching grants already being provided by SBS, and can be used to help businesses that may not qualify for the loan.
Application is on the website www.nyc.gov/nycbusiness.