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October 28, 2021
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October 29, 2021
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November 3, 2021
Online Networking Coffee with the Stamford Chamber of Commerce
November 16, 2021
Holiday Networking Party
December 2, 2021

COVID-19 Business Resources



New York State $800 million Small Business Pandemic Recovery Grant Program


Your community business may qualify to apply for a grant of $5,000 - up to $50,000 from New York State! Please encourage application and share this information with your customers and business stakeholders as soon as possible. A Program flyer and QR code is provided for you to distribute in your e-newsletters, at events, gatherings, and at your association meetings. If you would like to host a webinar about this Program, please do not hesitate to let me know. We are here to support the recovery of businesses across NYS. The New York State COVID-19 Pandemic Small Business Recovery Grant is administered by Empire State Development (ESD) and powered by Lendistry. The $800 million program was created to provide flexible grant assistance to currently viable small businesses, micro-businesses and for-profit independent arts and cultural organizations in the State of New York who have experienced economic hardship due to the COVID-19 pandemic. On August 25, 2021, Governor Kathy Hochul announced the expanded eligibility to the program to enable more small businesses to apply for funding. Businesses with revenues up to $2.5 million, up from the previous threshold of $500,000, are eligible for grants and are now encouraged to apply. The limitation for businesses that received Federal Paycheck Protection Program loans has been increased from $100,000 to $250,000. Who is Eligible? Small businesses, micro-businesses and for-profit independent arts and cultural organizations with fewer than 100 employees that are currently viable and have begun operation on or before March 1, 2019, and continue to be in operation as of the date of application (may be shuttered due to Covid-19 restrictions). Small businesses and micro-businesses must: • Have 2019 or 2020 Gross Receipts of between $25,000 and $2,500,000 per annum as reflected on Applicant’s filed federal tax returns; • Demonstrate positive net profit on 2019 Business Return ($1 or greater); and, • Demonstrate at least a twenty-five (25%) loss in annual gross receipts in a year-to-year revenue comparison as of December 31, 2020, to the same period in 2019, in each case, as reflected on Applicant’s 2019 and 2020 filed federal tax returns, including any 2020 Pandemic Unemployment Assistance, Federal Pandemic Unemployment Compensation and/or Lost Wage Assistance Programs as verified by NYS Department of Labor. Eligible Use of Funds: Grants must be used for Covid-19 related expenses incurred between March 1, 2020 and April 1, 2021. These include: • Payroll costs; • Commercial rent or mortgage payments for NYS-based property (but not any rent or mortgage prepayments); • Payment of local property or school taxes associated with a small business location in NYS; • Insurance costs; • Utility costs; • Costs of personal protection equipment (PPE) necessary to protect worker and consumer health and safety; • Heating, ventilation, and air conditioning (HVAC) costs; • Other machinery or equipment costs; • Supplies and materials necessary for compliance with Covid-19 health and safety protocols; or • Other documented Covid-19 costs as approved by Empire State Development. • Please visit www.nysmallbusinessrecovery.com for more information or to apply. For language assistance, guidance on eligibility requirements or any additional questions, please contact the program's call center at 1-877-721-0097. Call Center Hours: Monday-Friday: 8:00 AM – 8:00 PM Eastern Time Saturday: 9:00 AM – 5:00 PM Eastern Time


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Contact Phone: 877-721-0097
Website: www.nysmallbusinessrecovery.com

SBA Offers Disaster Assistance to Businesses and Residents of New York Affected by Remnants of Hurricane Ida


WASHINGTON – Low-interest disaster loans from the U.S. Small Business Administration are available to businesses and residents in New York following the announcement of a Presidential disaster declaration due to the remnants of Hurricane Ida on Sept. 1-3, 2021. “SBA’s mission-driven team stands ready to help New York’s small businesses and residents impacted by Hurricane Ida,” said SBA Administrator Isabella Casillas Guzman. “We’re committed to providing federal disaster loans swiftly and efficiently, with a customer-centric approach to help businesses and communities recover and rebuild.” The disaster declaration covers Bronx, Kings, Queens, Richmond, and Westchester counties in New York, which are eligible for both Physical and Economic Injury Disaster Loans from the SBA. Small businesses and most private nonprofit organizations in the following adjacent counties are eligible to apply only for SBA Economic Injury Disaster Loans: Nassau, New York, Putnam and Rockland in New York; Fairfield in Connecticut; and Hudson, Middlesex and Union in New Jersey. Businesses and private nonprofit organizations of any size may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. Applicants may be eligible for a loan amount increase up to 20 percent of their physical damages, as verified by the SBA, for mitigation purposes. Eligible mitigation improvements may include a sump pump, elevation, French drain or retaining wall to help protect property and occupants from future damage caused by a similar disaster. For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations, the SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic Injury Disaster Loan assistance is available regardless of whether the business suffered any physical property damage. Disaster loans up to $200,000 are available to homeowners to repair or replace disaster-damaged or destroyed real estate. Homeowners and renters are eligible for up to $40,000 to repair or replace disaster-damaged or destroyed personal property. Interest rates are as low as 1.563 percent for businesses, 2 percent for nonprofit organizations and 2.855 percent for homeowners and renters, with terms up to 30 years. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition. -more- 2 | P a g e Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at https://disasterloanassistance.sba.gov/ela/s/, and should apply under SBA declaration # 17147, not for the COVID-19 incident. To be considered for all forms of disaster assistance, applicants should register online at DisasterAssistance.gov or download the FEMA mobile app. If online or mobile access is unavailable, applicants should call the FEMA toll-free helpline at 800-621-3362. Those who use 711-Relay or Video Relay Services should call 800-621-3362. Businesses and individuals may also obtain information and loan applications by calling the SBA’s Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard-of-hearing) or emailing DisasterCustomerService@sba.gov. Loan applications can also be downloaded at sba.gov/disaster. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155. The filing deadline to return applications for physical property


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Contact Phone: 800-621-3362
Website: www.disasterassistance.gov

Restaurant Revitalization Grants Program


Restaurant Revitalization Grants Program The Restaurant Revitalization grants program will start to accept application at the end of April. On March 11, the American Rescue Plan Act of 2021 created the $28.6 billion Restaurant Revitalization Fund to provide grants for restaurants sustaining financial losses due to the COVID-19 pandemic. The U.S. Small Business Administration (SBA) is administering the program, and will be issuing the necessary federal rules, regulations, and applications before grant funds are distributed. Restaurant revitalization grants must be used to pay qualifying expenses during the covered period. Any grants not fully utilized in this manner must be returned to the SBA. Specific expenses that are eligible include: • Payroll costs • Mortgage principal & interest payments • Rent payments (except for prepayments) • Utilities • Maintenance costs • Supplies (including personal protective equipment & cleaning supplies) • Food & beverage costs • Covered supplier costs (utilizing the PPP definition) • Operational expenses • Paid sick leave For more information go to www.sba.gov


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Website: www.sba.gov

Customized Training Grant Program


The NYC Department of Small Business Services (SBS) launched the Customized Training Grant Program to help NYC-based businesses train and retain their employees. It’s a reimbursable training grant for businesses that are for-profit, operating for at least one year, and able to pay for training upfront. Businesses identify a problem(s) they are facing and select the training(s) that will help them solve for this problem(s). SBS will reimburse up to 60% of the total training costs in one or more of the following areas: -Training on recently purchased equipment or software -Training to offer new services/products to reach new markets -Training to give current staff new skills to advance into hard-to-fill positions -Training to update obsolete skills that are necessary for the business to be competitive If your business is interested in applying for this program, please contact CMP BOC (Business Outreach Center) at LarryMei@cmpny.org for assistance.


Contact Name: The NYC Department of Small Business Services (SBS) launched the Customized Training Grant Program
Contact Email: LarryMei@cmpny.org
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SBA to Increase Lending Limit for COVID-19 Economic Injury Disaster Loans


WASHINGTON – The U.S Small Business Administration is increasing the maximum amount small businesses and non-profit organizations can borrow through its COVID-19 Economic Injury Disaster Loan (EIDL) program. Starting the week of April 6, 2021, the SBA is raising the loan limit for the COVID-19 EIDL program from 6-months of economic injury with a maximum loan amount of $150,000 to up to 24-months of economic injury with a maximum loan amount of $500,000. “More than 3.7 million businesses employing more than 20 million people have found financial relief through SBA’s Economic Injury Disaster Loans, which provide low-interest emergency working capital to help save their businesses. However, the pandemic has lasted longer than expected, and they need larger loans. Many have called on SBA to remove the $150,000 cap. We are here to help our small businesses and that is why I’m proud to more than triple the amount of funding they can access ,” said SBA Administrator Isabella Casillas Guzman. Businesses that receive a loan subject to the current limits do not need to submit a request for an increase at this time. SBA will reach out directly via email and provide more details about how businesses can request an increase closer to the April 6 implementation date. Any new loan applications and any loans in process when the new loan limits are implemented will automatically be considered for loans covering 24 months of economic injury up to a maximum of $500,000. This new relief builds on SBA’s previous March 12, 2021 announcement that the agency would extend deferment periods for all disaster loans, including COVID-19 EIDLs, until 2022 to offer more time for businesses to build back. In order to shift all EIDL payments to 2022, SBA will extend the first payment due date for disaster loans made in 2020 to 24-months from the date of the note and to 18-months from the date of the note for all loans made in the calendar year 2021.


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Website: www.sba.gov/funding-programs/loans/covid-19-relief-options/covid-19-economic-injury-disaster-loan

Wood worker & Metal fabricator


Kyle May, Architect PC is looking for a full-time high-end fabricator for custom components for KM,A's projects at our shop in Bushwick, Brooklyn. Must have woodworking and metalworking experience, as well as an ability to read shop drawings, do takeoffs and material orders, and work independently. You will be working solo and with another full-time fabricator, in the shop and on-site. Bonus if you know AutoCAD / Rhino and are able to do shop drawings, but not necessary. Approximately $50,000 / year salary paid monthly.


Contact Name: Kyle May, Architect PC
Contact Email: kjm@kylemayarchitect.com
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Website: www.kylemayarchitect.com

SBA Launches Portal to Accept Shuttered Venue Operators Grant Applications Beginning April 8th


The US Small Business Administration has launched a splash page for the Shuttered Venue Operators Grant (SVOG) application portal in anticipation of opening applications for the much-anticipated critical economic relief program on Thursday, April 8, 2021. For information on SVOG and to start the grant process application go to: https://www.svograntportal.sba.gov/s/ The SVOG program was established by the Economic Aid to Hard Hit Small Businesses, Nonprofits and Venues Act, which appropriated $15 billion for it. The American Rescue Plan Act, signed into law by President Joe Biden on March 11, 2021, appropriated an additional $1.25 billion, bringing the program funding to a total of $16.25 billion, with more than $16 billion allocated for grants


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Website: www.svograntportal.sba.gov/s/

New York Forward Loan Fund (NYFLF)


New York Forward Loan Fund (NYFLF) is a new economic recovery loan program aimed at supporting New York State small businesses, nonprofits and small residential 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 residential landlords that have seen sharp reduction in 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, and nonprofits that did not receive a U.S. Small Business Administration Paycheck Protection Program of greater than $50,000 or an Economic Injury Disaster Loan (EIDL) for COVID-19 of any amount, except for EIDL advance grant of up to $10,000, and small residential landlords. The loans are not forgivable in part or whole. The loans will need to be paid back over a 5-year term with interest. The working capital loans are timed to support businesses and organizations as they proceed to reopen and have upfront expenses to comply with guidelines (e.g., inventory, marketing, refitting for new social distancing guidelines) under the New York Forward Plan. The geographic proportionality goals for the New York Forward Loan Fund for small businesses are: Capital Region 4% Central NY Region 4% Finger Lakes Region 4% Hudson Valley Region 12% Long Island Region 18% Mohawk Valley Region 4% NYC Region 30% North Country Region 4% Southern Tier Region 4% Western NY Region 8% Access to loans for small residential landlords will be targeted to owners with residential buildings of 50 units or less, and will prioritize loans for residential landlords whose properties are in low and moderate income census tracts or who serve low to moderate income tenants. Priority will be given to industries and regions that have been reopened. This is not a first-come, first-served loan program. Applications will be reviewed on a rolling basis as regions and industries reopen. For small businesses and nonprofits that are in industries and regions that have not yet reopened, you are encouraged to prepare your pre-application in advance by taking advantage of the application preparation resources available here. This will allow you to quickly submit your pre-application once it is announced that your industry and region is phased to reopen. The New York Forward Loan Fund is supported by Apple Bank, BNB Bank, BlackRock Charitable Fund, Citi Foundation, Deutsche Bank, Evans Bank, Ford Foundation, HSBC Bank USA, N.A., M&T Bank, Morgan Stanley, the Ralph C. Wilson, Jr. Foundation, and Wells Fargo.


Contact Name: New York Forward Loan Fund (NYFLF)
Contact Email: nyloanfund@esd.ny.gov
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Website: www.nyloanfund.com

LISC NYC Launches Fund to Provide Over $1 Million in Small Business Relief and Recovery Grants to New York City Minority-Owned Small Businesses


NEW YORK, NY – LISC NYC today announced the launch of the LISC NYC Small Business Relief & Recovery Fund. The Fund will provide direct grants of $10,000 to New York City minority-owned small businesses that face challenges to their survival in the face of the COVID-19 pandemic. The goal of the Fund is to help particularly vulnerable small businesses weather the immediate impact of the pandemic and to support their likelihood of long-term success. Eligible businesses are encouraged to apply for funding. Businesses applying for funds must be located in New York City; owned by a minority; have 20 or fewer employees; and have an annual revenue of less than $500,000. For general inquiries about grant eligibility criteria and how to apply, please contact Ibrahima Souare, Community Development Officer, LISC NYC (isouare@lisc.org).


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Contact Email: isouare@lisc.org
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Website: www.lisc.org/nyc

CALLING ALL LATINO SMALL BUSINESS OWNERS!


In collaboration with Hispanics in Philanthropy, Google.org and Ureeka, Hispanic Federation is excited to share the following opportunity with you: Google.org has made a $3M grant to Hispanic in Philanthropy’s PowerUp Fund, which has partnered with Ureeka — a community built to support and grow underrepresented small businesses. Together, the PowerUp Fund and Ureeka will not only help you grow your business, but build the skills to continue that growth in the future. Applications for this $5,000 grant and intensive mentoring program are open until October 28 to businesses in California, Texas and New York.


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Website: http://grants.ureeka.biz/powerup-program

SBA Economic Injury Disaster Loan (EIDL)


• EIDL Applications - the EIDL application process has been simplified and a new application portal is live right now at: www.sba.gov/disaster. Businesses that successfully submitted an application or uploaded documents late last week via the temporary document upload portal do not have to take additional action as their applications have been received for processing. Anyone that was unable to complete an application on the prior application portal AND/OR did not upload their application to the document upload portal, should restart their application via the new portal. • EIDL Advances¬ - also available now are advances of up to $10,000 on EIDL loans. The form is part of the new EIDL application process above. If approved, these funds can be used for payroll and other operating expenses and will be forgiven. All applicants who successfully submitted an application prior to yesterday received an email notifying them of this. Below are the instructions the SBA sent: • This Advance may be available even if your EIDL application was declined or is still pending, and will be forgiven. • If you wish to apply for the Advance on your EIDL, please visit www.SBA.gov/Disaster as soon as possible to fill out a new, streamlined application. In order to qualify for the Advance, you need to submit this new application even if you previously submitted an EIDL application. Applying for the Advance will not impact the status or slow your existing application. • EIDL and Faith-based organizations - faith-based organizations may now apply for EIDL with the new application for any public service/secular operations they may have.


Contact Name: SBA Economic Injury Disaster Loan (EIDL)
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Website: www.SBA.gov/Disaster

LISC-Lowe's Neighborhood Business Grants Program


LISC is inviting small business owners in 15 locations across America to apply for the LISC-Lowe's Neighborhood Business Grants program. Application will be available starting August 18-23. Who is eligible? Only small businesses located in the following locations are eligible to receive the Lowe's Neighborhood Business Grant: Atlanta, Charlotte, Chicago, Detroit, Houston, Indianapolis, Los Angeles, New York City, Philadelphia, Phoenix, Rhode Island, Richmond (VA), San Antonio, San Diego and San Francisco-Bay Area. National LISC/Lowe's campaign goals 95% of grantees will be minority-owned businesses, with weight/priority given to: Women-owned businesses Businesses located in historically disinvested communities Businesses in these sectors: Construction, Manufacturing, Retail, Transportation, Warehousing, Real Estate Renting or Leasing Grant funds may be used to: Pay rent and utilities, Meet payroll, Pay outstanding debt to vendors,Upgrade technology infrastructure Take care of other immediate operational costs If you are a nonprofit organization, we have compiled a guide of resources available nationally and locally.


Contact Name: LISC-Lowe's Neighborhood Business Grants Program
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Website: https://www.lisc.org/covid-19/small-business-assistance/lowes-neighborhood-business-grants/?edit&language=en-us

Community Advantage Recovery Loan (CARL)


The U.S. Small Business Administration (SBA) is offering a new financial assistance loan expressly for existing small and start-up businesses in under-served areas. This loan program offers financial and technical assistance to help small businesses adapt to changing business conditions in the COVID-19 environment and strengthen their ability to manage through potential future disruptions. The technical assistance portion consists of fifteen hours (15) of required advising, which must be completed during the first six months of the loan term. It can include such topics as business planning, financial management strategies to build cash reserves and reduce expenses, operations management, and marketing and e-commerce, based on the business' needs. What Businesses Need to Know: • Allowable Uses: Working capital, inventory, equipment, and real estate purchases • Loan Amount: $50,000 to $250,000 • Loan Term: • Minimum 5 years • Maximum 10 years for working capital & equipment, 25 years for real estate • 10% minimum down payment • Interest Rate: Maximum Prime + 6% • Collateral Required: All loans shall be secured by available assets of the borrower and its principals to the extent necessary to protect the interests of the lender • Have until September 27, 2020 to be approved, with a full disbursement of no later than October 1, 2020. • The SBA will cover the payment of principal, interest, and other fees for the first six months.


Contact Name: Community Advantage Recovery Loan (CARL)
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Website: https://www.sba.gov/sites/default/files/resource_files/Community_Advantage_Flyer_with_Lenders.pdf

Neighborhood Business Grants


The Citizens Committee for New York City's Neighborhood Business Grants program offers grants to NYC-based businesses of up to $10,000 to maintain payroll and operations. Eligible businesses must employ 10 or fewer employees and demonstrate business revenue decrease of at least 25% due to COVID-19, and the program will prioritize businesses owned by people of color, immigrants, and women and those who have not received an SBA EIDL or PPP loan.


Contact Name: Neighborhood Business Grants
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Website: https://www.citizensnyc.org/grants/neighborhood-business-grants

Facebook for Small Business Grants Programs for Black Owned Businesses


Facebook for Business -This initiative plans to offer $100 million in grants to the Black business community in the US.


Contact Name: Facebook for Small Business Grants Programs for Black Owned Businesses
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Website: https://www.facebook.com/business/black-business-grants

The Hebrew Free Loan Society


The Hebrew Free Loan Society has partnered with Bank Leumi on an Interest-Free Small Business Loan program, offering loans of up to $20,000 with a maximum term of 36 months to low- and moderate-income women and minority small business owners, with a three-month grace period before repayment begins. Eligibility requirements include business revenues of $1.25 million or less, 15 or fewer employees prior to the pandemic, and a minimum credit score of 650.


Contact Name: The Hebrew Free Loan Society
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Website: https://hfls.org/

The New York Life Foundation and the Cigna Foundation offering Charitable Grants


The New York Life Foundation and the Cigna Foundation are jointly launching the Brave of Heart Fund at E4E Relief, to provide charitable grants to financially support the families of healthcare workers who lose their lives in the fight against COVID-19. Each of our foundations has agreed to seed the charitable Fund with an initial $25 million contribution. The New York Life Foundation will also provide a dollar-for-dollar match on the first $25 million of individual donations received. And, beyond financial support, Cigna is providing these families with emotional and behavioral health services by phone and online. If there is one thing this global pandemic has taught us, it is that by working together, caring for each other, and supporting those in need, we can help address the monumental challenges of those who need us most. If you have family members or friends who are healthcare workers, encourage them to learn more about the Brave of Heart Fund.


Contact Name: Brave of Heart Fund at E4E Relief
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Website: www.braveofheartfund.com

Freelancers Impacted by COVID 19


Freelancers Union Relief Fund offers support for freelancers impacted by COVID-19. The fund provides financial assistance of up to $1,000 per household to cover lost income and essential expenses not covered by government relief programs, including food/food supplies, utility payments, and cash assistance for income loss.


Contact Name: Freelancers Union Relief Fund offers support for freelancers
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