Financial Aid for Businesses
If your business is in need of financial aid due to the pandemic, explore the resources below to see if you qualify.
Economic Injury & Disaster Loan (EIDL)
This loan provides economic relief to small businesses and non-profit organizations that are currently experiencing a temporary loss of revenue.
Paycheck Protection Program (PPP)
The Paycheck Protection Program offers loans of up to 2.5x average monthly payroll to cover eligible expenses including payroll, supplier costs, operational costs, PPE & protective gear, and more. The PPP loan is forgivable is at least 60% of the funds are spent on payroll and the rest on other eligible expenses. The program is open for applications until March 31st, 2021.
Express Bridge Loans
Enables small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly.
SBA Debt Relief
The SBA is providing a financial reprieve to small businesses during the COVID-19 pandemic.
New York Forward Loan Fund (NYFLF)
New York Forward Loan Fund (NYFLF) is a new economic recovery loan program aimed at supporting New York State small businesses, nonprofits and small landlords as they reopen after the COVID-19 outbreak and NYS on PAUSE.
Empire State Digital
Empire State Digital has partnered with major eCommerce platforms to provide support for New York State Businesses. Partners offering special programs for NYS entities include Shopify, Etsy, Square, and Clearbanc.
Syracuse Economic Development Corporation COVID-19 Small Business Grant Program
Syracuse Economic Development Corporation (SEDCO) is opening a winter round of grant funding to help small businesses adapt to the challenges presented by COVID-19. The program will provide direct financial assistance to help small businesses make investments as the pandemic and winter cold weather converge.
Kiva's Crowdfunded Loans
Kiva provides a crowdfunding platform where business owners can receive loans of up to $15k, interest free.
Hello Alice Business for All Grants
$285,000 in grants will be awarded to Business for All applicants, as a critical step towards tackling entrepreneurs’ single greatest barrier to growth: access to capital.