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Nyc Management Benefits Fund Form

Nyc Management Benefits Fund Form

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Instructions and help about new york city management benefits fund

have been left out. Any NC explains how the city plans to reach them. It goes without saying that the past 3 years have been rough for small businesses in the 5 boroughs. The pandemic forced some to close for good. Those that remain continue to struggle with the high cost of just about everything. Electric bills or do inventory is hard so to be able to stay afloat. Now people need money. Now the city is hoping to help with the first of its kind NYC, small business Opportunity Fund. It's the largest public private loan finds and it will be doling out. 75 million dollars to approximately 1500 local businesses. The loans can go up to $250,000 at an interest rate of 4%, which is considerably below current market rates. There is no or application fees and it's available for startups and existing businesses which must have less than 5 million dollars in annual revenue and smaller companies and address inequities in the last roll out of pandemic assistant. It's designed for communities that h

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