As the Coronavirus (“COVID-19”) pandemic continues to significantly affect our lives here and around the world, many companies are facing severe financial challenges including increased costs, and lost revenue.
Opportunities for financial assistance in the form of loans, grants, and credits from various Federal, State and Local governmental agencies are available, but are changing rapidly. DDK & Company, LLP is available to answer your questions, and offer you guidance as to what financial assistance might be available for your business. DDK has devoted key personnel within the organization for its COVID-19 Financial Assistance Task Force. We are here to help.
Government Financial Assistance for qualifying companies currently available is as follows:
Low interest, long-term disaster loans ( currently of up to $2 million) through the United States Small Business Administration (SBA)
Grants to companies with fewer than 5 employees through New York City’s Employee Retention Grant Program
Interest-free loans of up to $75,000 through New York City’s Small Business Continuity Fund
We will continue to monitor proposals for changes in the SBA loan program.
