Paycheck Protection Program
The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.
SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.
You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating in the program.
EIDL Loan Advance
In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. This advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available following a successful application. This loan advance will not have to be repaid.
CDC Small Business Tips
Here are the top CDC-recommended tips that small business owners can take to mitigate risk, protect employees and support customers during the COVID-19 pandemic.
Find Local SBA Assistance
The SBA works with a number of local partners to counsel, mentor, and train small businesses.
SBA Disaster Loan Assistance
SBA is collecting the requested information in order to make a loan under SBA’s Economic Injury Disaster Loan Program to the qualified entities listed in this application that are impacted by the Coronavirus (COVID-19).
SBA Express Bridge Loans
Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly.
SBA Debt Relief
As part of SBA’s debt relief efforts,
- The SBA will automatically pay the principal, interest, and fees of current 7(a), 504, and microloans for a period of six months.
- The SBA will also automatically pay the principal, interest, and fees of new 7(a), 504, and microloans issued prior to September 27, 2020.
Guide to the CARES Act
(CARES) Act that was just passed by Congress are intended to assist business
owners with whatever needs they have right now.
US Chamber Loan Guide
guide to help organizations understand what to expect and
prepare to file for a loan.
Phase Reopening Guidlines
Long Island is currently in Phase 2 of reopening and is anticipated to enter Phase 3 as early as June 24th, pending review of metrics by global public health experts. Guidance for each phase can be found on the NY Forward website: https://forward.ny.gov/. If you scroll down, there is a button for each phase. When you click the button, there is guidance for the businesses that are permitted to be open. In addition, businesses must submit an affirmation and complete and print the safety plan (affirmations and safety plans are found under each phase for each business). We encourage you to share this website and information with your constituents, local organizations, and businesses.
Business Related FAQs
Empire State Development (ESD) has created this FAQ to offer information to businesses regarding State regulations and general guidance related to the coronavirus. If your question is not answered below, please contact ESD at our website at: https://esd.ny.gov/covid-19-help
Filing for Unemployment
If you are self-employed, you may now file for Unemployment Insurance benefits online.
Resources for Travelers
Governor Cuomo has put NY State on PAUSE: All non-essential workers are directed to work from home, and everyone is required to maintain a six-foot distance from others in public.
Resources for Nonprofits
Below is a list of national, State, and local resources for our grantees and other partners that may help their organizations and the New Yorkers they serve during these difficult times. NYSHealth will continue to add more resources and initiatives as they are made available.
Microenterprise Grant Program
SBA PPP Loans at BFCU
We are now ready to accept applications for the SBA PPP loans. At this point it is open to business and personal members that have an interest in a business. Go to our website www.lovebethpage.com/SBA and submit your application.
Suffolk Police Dept. Updates
Like you, the SCPD has modified our daily routine to better protect you, our personnel and our families. We are responding to emergency calls but we have also expanded the types of non-emergency calls you can report by phone or online.
Coronavirus Scam Updates
Scammers are taking advantage of fears surrounding the Coronavirus. They’re setting up websites to sell bogus products, and using fake emails, texts, and social media posts as a ruse to take your money and get your personal information.
Legislator Kara Hahn Newsletter
During the past several days there has been considerable discussion about our region possibly nearing an apex of new COVID-19 infections. Regardless of when this point will come, it is essential that we continue to follow guidelines to prevent the spread.