Photo Courtesy of Google
New York small businesses seeking PPP loans, like these on Jamaica Avenue in Woodhaven, are encouraged to contact a representative from the New York Small Business Development Center. There are over 22 campus-based centers and outreach offices across New York to assist clients with the loan application.
By Forum Staff
U.S. Rep. Grace Meng (D-Flushing) announced on Monday the reopening of the Small Business Administration’s Paycheck Protection Program which provides forgivable loans to small businesses that have suffered economic losses due to the COVID-19 pandemic.
The initiative, which was closed on Aug. 8, 2020, despite more than $130 billion remaining in the program, was reopened under the $900 billion coronavirus relief package—which became law on Dec. 27, 2020. The new law includes a total of $284 billion for small businesses.