U.S. Small Business Administration (SBA) Programs

On March 29, 2020, following the passage of the CARES Act, the SBA provided small business owners and non-profits impacted by COVID-19 with the opportunity to obtain up to a $10,000 Advance on their Economic Injury Disaster Loan (EIDL). The Advance is available as part of the full EIDL application and will be transferred into the account you provide shortly after your application is submitted. To ensure that the greatest number of applicants can receive assistance during this challenging time, the amount of your Advance will be determined by the number of your pre-disaster (i.e., as of January 31, 2020) employees. The Advance will provide $1,000 per employee up to a maximum of $10,000.

As of April 27, the application portal for the SBA Paycheck Protection Program is open again.
Consult with your existing bank or a local SBA loan administrating bank for more information. You can also get assistance from the local Small Business Development Centers below:

SBDC York College: (718) 262-2880
Language Assistance: Chinese, Korean, Spanish

SBDC LaGuardia Community College: (718) 482-5303
Language Assistance: Chinese, Korean, Spanish

Keeping their workforce employed

Paycheck Protection Program (PPP)

The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.

Up to $10,000 of economic relief to businesses

EIDL Loan Advance

TIn response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000.

Paycheck Protection Program Full EIDL Loan
PURPOSE Forgivable if used for payroll (minimum of 75% of the funds received) and the remaining for certain operating expenses (amount of any EIDL advance is not forgivable) To meet financial obligations and operating expenses that could have been met had the disaster not occurred (amount of any EIDL advance is forgiven)

Up to $10 million

1% interest rate

Up to $2 million

3.75% for businesses

2.75% for non-profits


NO – EIDL Loan

YES – EIDL Advance

MATURITY 2 years 30 years
FIRST PAYMENT DUE Deferred 6 months Deferred 1 year
SBA Express Lender to access up to $25,000 quickly

SBA Express Bridge Loans

These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be a term loans or used to bridge the gap while applying for a direct SBA Economic Injury Disaster loan.

A financial reprieve to small businesses

SBA Debt Relief

The SBA will automatically pay the principal, interest, and fees of current 7(a), 504, and microloans for a period of six months.

NYC Small Business Service (SBS) Program

NYC SBS PPP & NYC Small Business Continuity Program are all closed

Unemployment Program

Unemployment insurance is now available to both employees and business owners (sole proprietors).

Weekly Expert Benefits Application Guide

On March 27, 2020, the President of the United States signed a law that provides additional Unemployment Insurance (“UI”) assistance to workers impacted by COVID-19.


If you are having financial problem for keeping your employees, you could apply PPP. It will help you 2.5 month of your employees’ paycheck.

If you are unemployed due to COVID19 pandemic, you could check state unemployment program.

Every program has its way to apply. Please check the program that you are interested in. We provide link to apply.

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If your mailing address or telephone number has changed since you last claimed your weekly benefits, please provide this information by selecting ‘Change Address/Telephone Number’ below. Continue to claim benefits Certify Benefits Update your address/telephone number1. Report each day you work. You must report any day you work when you claim your weekly...

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Unemployment Insurance Benefit Guide

The New York State government has changed its guidelines so that people who are economically affected by the coronavirus can receive unemployment benefits immediately without an existing waiting period (6 days) when applying for unemployment benefits. For details, see the New York State Unemployment Insurance Guide below. https://www.labor.ny.gov/home/ https://labor.ny.gov/unemploymentassistance.shtmOnline Application https://applications.labor.ny.gov/IndividualReg/

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Economic Injury Disaster Loan Emergency Advance

This loan advance will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties. Overview In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. This...

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SBS NYC Employee Retention Grant Program

*  The Koran and Chinese content below are translated material from the official site of NYC SBS and does not officially represent the city agency. *  아래 내용은 뉴욕시 SBS가 게재한 내용을 아시안아메리칸연맹(AAF) 직원이 번역한 것으로, 뉴욕시정부의 공식 문서가 아님을 밝혀둡니다. *  以下中文内容为纽约市小商业委员会(NYC SBS)官方网页的翻译文件,不正式代表纽约市政府.   NYC Employee Retention Grant Program 뉴욕시 직원 유지 보조금 프로그램 To...

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