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Breaking News: EIDL Loan Program Re-Opened
The SBA announced on June 15 that the EIDL Loan and Advance program will reopen to eligible applicants. The press release reads, “To further meet the needs of U.S. small businesses and non-profits, the U.S. Small Business Administration reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible applicants experiencing economic impacts due to COVID-19 today.” As
From Governor Cuomo – Daily Updates
Sign up to get daily updates HERE LAST UPDATED: JUNE 15, 2020 AT 2:45 PM What You Need to Know New York City is in phase one of the state’s regional phased reopening plan; Long Island, Mid-Hudson Valley, Capital Region, and Western New York are in phase two; Central New York, Finger Lakes, Mohawk Valley, North Country, and Southern Tier are
Phase Two Re-Opening
Port Washington to enter Phase 2 next week Port Washington and the rest of Long Island is on track to begin Phase 2 June 10. That is good news for Offices; Real Estate; Retail; Vehicle Sales/Leases/Rentals, Retail Rental/Repair/Cleaning; Commercial Building Management; and the best news yet…Hair Salons & Barbershops. All have certain restrictions. All must complete a Business Safety Plan.
Updated Comprehensive List of Links & Resources for Businesses
A Look Ahead to Re-Opening – updated June 22, 2020 Long Island is projected to move to Phase 3 on June 24 | Get Industry Guidelines and Safety Plans for Food Service and Personal Care HERE. Business Reopening Lookup Tool | Lookup your business HERE New York Forward Guide to ReOpening | Download the guide HERE Outdoor Dining Permits are required by each
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
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
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
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
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
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)