Holly Byrne

26
May

Got the PPP Loan? Now What?

Got the PPP Loan? Now What? For businesses that have received a PPP loan, the SBA has issued the Forgiveness Application.  We suggest the following: 1. Go to your lender first and begin the discussion of forgiveness. 2. Be prepared – Download it HERE. Know that it will take some time (like 3 hours) to complete, but complete it you

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26
May

From Governor Cuomo – Daily Updates

Daily updates posted on New York State Department of Health. LAST UPDATED: MAY 26, 2020 AT 3:36 PM What You Need to Know Capital Region, Western New York, Central New York, North County, Finger Lakes, Southern Tier, Mid-Hudson Valley, and Mohawk Valley Regions have met all seven metrics required to begin phase one of the state’s regional phased reopening plan. NYS

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18
May

Phase One Guidelines Published

Governor Cuomo has posted the guidelines for re-opening for those industries included in Phase One Re-Opening. The phased reopening only goes into affect by region based on meeting 7 criteria. As of 5/18, Long Island has NOT yet met those criteria. But that doesn’t mean we can’t be prepared. Know what is required of your business according to the industry

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11
May

How to Prepare to Re-Open

Business Safety Precautions According to the NY Governor’s Office, New York will re-open in regions and by phases. A break down of the phases is listed below. To learn more, go to the source at https://forward.ny.gov/industries-reopening-phase “Each business and industry must have a plan to protect employees and consumers, make the physical work space safer and implement processes that lower risk

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6
May

The How & Who Checklists to Re-Opening

New York prepares to re-open. Are you ready? Governor Cuomo outlined a plan to re-open New York State. “Our plan focuses on getting people back to work and easing social isolation without triggering renewed spread of the virus or overwhelming the hospital system. New York will re-open on a regional basis as each region meets the criteria necessary to protect

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30
Apr

Updated Comprehensive List of Links & Resources for Businesses

A look ahead to Re-Opening New York Forward Guide to ReOpening | Download the guide HERE   Resources for Port Washington Businesses during Covid-19 Crisis SBA LOAN PROGRAMS FOR BUSINESSES SBA Small Business Guidance & Loan Resources | Learn More HERE SBA Disaster Loan Assistance | Learn More HERE SBA Disaster Loan Application | Apply HERE Payment Protection Program (PPP)

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20
Apr

Essential Business Guidance – Updated

From the Empire State Development. GUIDANCE FOR DETERMINING WHETHER A BUSINESS ENTERPRISE IS SUBJECT TO A WORKFORCE REDUCTION UNDER RECENT EXECUTIVE ORDERS (enacted to address the COVID-19 Outbreak) Please review our Frequently Asked Questions here. UPDATED: APRIL 19, 2020 at 9:45 AM ESSENTIAL BUSINESSES OR ENTITIES, including any for-profit or non-profit, regardless of the nature of the service, the function they perform, or its

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9
Apr

CARES Act loan comparison

Below is a helpful table created by Satty, Levine & Ciacco of  a side-by-side comparison of the two loan programs: SBA Economic Injury Disaster Loans vs. Paycheck Protection Program Loans. To learn more about their services, call(516) 338-9500 or visit www.satty.com.   SBA ECONOMIC INJURY DISASTER LOANS VS CARES ACT PAYCHECK PROTECTION PROGRAM LOANS COMPARISON KEY POINTS SBA ECONOMIC INJURY DISASTER LOANS (EIDL)

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8
Apr

Corona Relief Options Explained

Emergency assistance from SBA begins here. In addition to traditional SBA funding programs, the CARES Act established several new temporary programs to address the COVID-19 outbreak. SBA Relief options Paycheck Protection Program – This loan program provides loan forgiveness for retaining employees by temporarily expanding the traditional SBA 7(a) loan program. EIDL Loan Advance – This loan advance will provide up to

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8
Apr

Paycheck Protection Program with updates

Paycheck Protection Program An SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. Got the loan? Now what? You must complete the PPP Loan Forgiveness application. Download it HERE. From the NFIB website: As small businesses across the country are grappling with the current and potential impacts associated with COVID-19, NFIB is continuing to track

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