New York State Still “Pause” Order
While some areas of NY State have reopened, the City of New York is still under a Stay-at-Home Order. The current order extends until Saturday June 13.
All non-essential businesses are ordered to close until then. View the State’s full list of essential and non-essential businesses here. Restaurants can continue to operate on delivery or take-out basis only.
What Can I do to Prepare My Business for Reopening?
All Businesses are required to have a Re-Opening Safety Plan. NY State has provided a template to help you meet this requirement. Once you fill it out, print and share with your staff. It does not need to be submitted to the State or the City.
When Will NYC Businesses be Allowed to Open?
Once NYC meets all 7 metrics, non-essential businesses will reopen in phases with two weeks in between each phase. Re-opening dates for each phase will be set once the City meets the 7 Metrics.
- Phase 1: non-essential retail shops can reopen but only with curbside or in-store pickup service (customers cannot shop around the store). This includes clothing stores, gift shops, and florists. *NOTE: Currently, only single-employee non-essential retail shops have been able to operate with the curbside or at-door service. This can continue until the “re-opening” date in NYC happens and then at that point you can begin to have more staff in the store.
- Phase 2: professional services (hair salons, barbershops, accountants, etc.), in-store retail shopping, real estate services, administrative office workers
- Phase 3: dine-in service at restaurants
- Phase 4: schools, museums, entertainment venues
Business Resource: Grants & Loans
New York Forward Loan
New York Forward Loan Fund (NYFLF) is a new economic recovery loan program aimed at supporting New York State small businesses, nonprofits and small landlords as they reopen after the COVID-19 outbreak and NYS on PAUSE.
NYFLF targets the state’s small businesses with 20 or fewer full-time equivalent (FTE) employees (90% of all businesses), nonprofits and small landlords that have seen a loss of rental income.
NYFLF is providing working capital loans so that small businesses, nonprofits and small landlords have access to credit as they reopen. These loans are available to small businesses, nonprofits, and small landlords that did not receive a loan from either the U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP) or SBA Economic Injury Disaster Loans (EIDL) for COVID-19 in 2020. The loans are not forgivable in part or whole. The loans will need to be paid back over a 5-year term with interest.
For more information and apply click here
Paycheck Protection Program (PPP)
Businesses with less than 500 employees (including sole proprietorships, independent contractors and self-employed persons), private non-profit organizations or 501(c)(19) veterans organizations affected by coronavirus/COVID-19.
SBA Economic Injury Disaster Loan
This loan provides up to $2 million to small businesses and non-profits to help them withstand a loss of income resulting from the Coronavirus crisis.The interest rate is 3.75% for small businesses and 2.75% for non-profits, with a maximum term of 30 years depending on ability to repay. The loans may be used for payroll, accounts payable, fixed debts, and other bills that can’t be paid. Click here for more information.
Click here for the NYSBDC application guide, step-by-step guide to applying through the SBA’s disaster loan portal.
SBA Contact info: email@example.com or (800) 659‐2955.
“Your business may be experiencing disruptions resulting from the global outbreak of COVID-19. We’ve heard that a little financial support can go a long way, so we are offering $100M in cash grants and ad credits to help during this challenging time.”
Go Fund Me: Small Business Relief Fund
The GoFundMe.org Small Business Relief Fund will provide micro-grants to qualifying small businesses negatively impacted by the COVID-19 pandemic. The Small Business Relief Fund is part of the Small Business Relief Initiative : a program supported by GoFundMe and our partners. The Small Business Relief Initiative will supply financial assistance and support to businesses across the country by providing grants, tools, and resources to help during the crisis.
Salesforce: Ureeka Grant
As part of Salesforce’s commitment to small businesses and giving back to the community, Salesforce is partnering with Ureeka to offer eligible small businesses the opportunity to receive a $10,000 grant to help them through the COVID-19 outbreak. Navigate below to see if you are eligible and how to continue with an application.
LISC Small Business Relief Grant
Small businesses across the country, the backbone of our nation’s economy, are facing potentially devastating economic pressure as a result of the Covid-19 pandemic. Many have already been forced to shut temporarily, and even those operating remotely still face major revenue shortfalls. With few or no reserves to pay their expenses, many will have no choice but to lay off workers and close their doors forever.
Financial assistance at this critical time can make the difference between staying in business or closing permanently, leading to lost income and jobs and economic instability.
Thanks to support from funders like Verizon and Sam’s Club, we are providing grants to small businesses, to help them keep functioning and remain vital facets of their local economies through this challenging period.
Business For All
Apply for grants up to $50,000 to support business growth, including $10,000 emergency COVID-19 Business for All Grants to help small businesses in crisis. Join leaders such as Gwyneth Paltrow, Kristen Bell, Lisa Price, and Zaw Thet to empower every American with an entrepreneurial spirit.