New York City will provide relief for small businesses across the City seeing a reduction in revenue because of COVID-19.

PPP and EIDL Updates Meeting

PPP and EIDL Updates

Wednesday, Jan. 13, 2021

11 AM – 12:30 PM

Click here for the recording.

Join us to learn the updated information on PPP and EIDL including the PPP Second Draw Loan Application and PPP Forgiveness Application update. PPP forgiveness is not granted automatically. It is the borrower’s responsibility to submit the correct form with the accurate calculation and information with all required documentation to PPP lenders.

SBA Economic Injury Disaster Loan (EIDL) has been extended to Dec. 31, 2021. Interest rate 3.75% for business and 2.75% for non-profit, 30 years term and one-year deferment. Apply now and you do not have to accept it when your application approved.

Speaker: Ms. Man-Li Lin, Economic Development Specialist, SBA New York District Office