Has Coronavirus hurt your business? NYC is providing zero interest loans to help.

Has Coronavirus hurt your business? NYC is providing zero interest loans to help.

March 11, 2020

Dear Members and Friends of GatewayJFK,

We understand that many of our businesses have started to feel an impact related to disruptions in the market driven by the coronavirus (COVID-19) outbreak. Due to the international nature of the air cargo industry some of our businesses have been hit especially hard. Among other things, air freight charter rates ave been rising sharply as cargo shipments are taken over by medical supplies and relief aid, and huge amounts of belly cargo capacity has been withdrawn from the market due to the suspension of passenger flights.


In order to offset the negative affects from this outbreak NYC will be offering loans to small businesses to help them deal with the changes to the business environment during this time.


Your business may qualify for low-interest loans, zero-interest loans and/or employee retention grants through the NYC Department of Small Business Services (SBS).


Businesses with fewer than 100 employees, seeing a decrease in sales up to 25% or more will be eligible for zero interest loans up to $75,000 to help mitigate losses in profit.


learn more....