Coronavirus (COVID-19) Updates

Posted On By 82admin

Important Notices:

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.
Visit the 82nd Street Partnership website for reopening guidelines and best practices by industry.

Business Resource: Grants & Loans

Paycheck Protection Program (PPP)

The Small Business Administration (SBA) has created the PPP loan program to help businesses keep their workforce employed during the Coronavirus (COVID-19) crisis.
SBA will forgive the loan if all employees are kept on the payroll for eight (8) weeks and the money is used for payroll, rent, mortgage interest, or utilities.

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.

The application is re-opened, April 27th. 

Learn More

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 guidestep-by-step guide to applying through the SBA’s disaster loan portal.

SBA Contact info: disastercustomerservice@sba.gov or (800) 659‐2955.

Facebook Grant

“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.”

Facebook grant application here.

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.

Visit site here.

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.

Apply here.

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.

Apply here.