Coronavirus Relief for Small Businesses on the Way

By Neil A. Carousso

NEW YORK (WCBS 880) — Applications for small business loans for payroll and other overhead costs will be made available on Friday.

The New York City small business loan program, which offers zero-interest loans up to $75,000, was made available last week.

WCBS Business Producer Neil A. Carousso spoke with New York City Small Business Services Commissioner Gregg Bishop about forgivable loans through the Small Business Administration, how to apply to the loan programs available, and what business owners should do if the coronavirus pandemic lasts several more months.

You can listen to the interview above.

For more information on the $349 billion in loans available through the SBA, including the time frame for receiving capital from a bank, listen and read this week’s WCBS Small Business Spotlight Podcast, focusing on small business survival, with WCBS’ Joe Connolly and Neil A. Carousso.