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January 14, 2021 Comments (0) Views: 220 Downtown New York, New York News

NYC Program Aims to Connect Small Businesses to Federal Relief

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The de Blasio administration on Wednesday launched Fair Share NYC, a targeted campaign to connect small business owners to federal relief funds. Federal funds include the Paycheck Protection Program (PPP), and the Economic Injury Disaster Loan (EIDL) Advance.

The program aims to provide technical assistance to businesses seeking to access $284.45 billion in PPP loans, recently approved as part of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021.

Through the Department of Small Business Services, the city is offering free resources through Fair Share NYC to help businesses secure loans. Resources include:

• Daily webinars to review the PPP and EIDL Advance programs and offer guidance on how to apply;
• One-on-one assistance to find the best financing option for each business and get help filling out the application;
• Connections to PPP lenders; and
• Information about additional federal resources.

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