COVID Resources

We recommend viewing this website on a desktop.

FINANCIAL RESOURCES FOR SMALL BUSINESSES

For Female Entrepreneurs
For Food/Hospitality Workers
For Individuals
QEDC Reboot & Restart Webinars

 

Covid-19 Relief Efforts

Last updated: 05/26/2020

 

PROGRAM NAME PROVIDER GEOGRAPHIC AREA ELIGIBILITY AMOUNT MORE INFO

FEDERAL PROGRAMS

SBA Loan Programs (Economic Injury Disaster Loan, Paycheck Protection Program, Debt Relief, and Bridge Loans

NOTE – PPP applications open again 4/27/2020

US Small Business Administration USA -Small businesses
-Small agricultural cooperatives
-Small aquaculture businesses
-Private nonprofit organizations
-Further requirements dependent on operation size, type of business, and financial resources
-Loans up to $2 million
-Interest rate for small businesses: 3.75%
-Interest rate for monprofits: 2.75%
Loan terms up to 30 years
More detailed information can be found
here

Lender Assistance Hotline: (833) 572-0502

Economic Injury Disaster Grant (EIDL)

NOTE – SBA unable to accept new applications based on available funding. Additional appropriaiton is being considered

U.S. Small Business Administration USA Small businesses affected by Covid-19

NOTE – Technically structured as advance on a loan, but it does NOT need to be paid back; it is NOT contingent on
being approved or even accepting the loan. Just apply for loan, even if you don’t plan to actually get one

$10,000 grant More detailed information can be found here NEH CARES: Cultural Organizations National Endowment for the Humanities USA -U.S. Nonprofit organizations with tax-exempt status
-Public and accredited institutions of higher education

-State and local government agencies
-Federally-recognized Native American tribal governments

Varies according to size of operations More detailed information can be found here

NEW YORK STATE PROGRAMS

New York State Unemployment Insurance New York State Department of Labor New York State New York State individuals recently laid off due to Covid-19

Not a Covid-19 specific program, but 7 day waiting period waived

N/A More detailed information can be found here Sales Tax Relief for New Yorkers Impacted by Covid-19 New York State Department of Taxation & Finance New York State Sales tax payments and returns that were due 3/20/2020 are waived of interest and fees for quarterly and annual filers unable to file/pay on time due to Covid-19 Tax relief More detailed information can be found here Businesses Producing/Selling PPE Empire State Development Corporation New York State Businesses with the ability to manufacture, source, and/or sell Personal Protective Equipment (PPE) Sales Proceeds More detailed information can be found here Natural Gas Manufacturing Productivity Program National Grid New York State Manufacturing firms looking to adjust operations to produce critical items or, who are looking to:
-Implement Lean Manufacturing
-Maintain productivity during the pandemic and subsequent recovery
Matching grants based on costs incurred by eligible applicants More detailed information can be found here New York Forward Loan Fund New York State New York State New York State entities seeking support as they reopen from Covid-19 outbreak, including:
-Small businesses with 20 or fewer employees
-Nonprofits
-Landlords experiencing decline in rental income

Available only to entities that did not receive federal resources from the SBA (PPP, EIDL)

Working capital loans aimed at increasing credit to cover business expenses as the state reopens after the Covid-19 pandemic

Loans are not forgivable and must be paid back over 5 years including interest

More detailed information can be found here

OTHER RESOURCES

Coronavirus Financial Impact Loan Program Hebrew Free Loan Society New York City, Long Island, Westchester residents Individuals, small businesses experiencing:
-Loss of income due to layoffs or reduced business activity
-Medical expenses related to Covid-19
-Child care costs due to school closures
Zero Interest loans between $2,000-$5,000 repayment begins July 2020 and spread across 20 installments More detailed information can be found here Zakat General/Food Programs Zakat Fund New York City Muslim-owned Businesses 501(c)(3) Not stated More detailed information can be found here Business for All Grants Hello Alice USA Small businesses

Apply by 09/25/2020 12:00AM PST

Up to $50,000 in grant funding More detailed information can be found here Emergency Small Business Relief Loan Fund Renaissance Economic Development Corporation New York City Businesses employing 50 or fewer employees that have experienced at least a 25% decrease in sales Loans up to $50,000 More detailed information can be found here $1,000 Grants @ Health Crisis Ideas 1517 Fund USA Any startup, entrepreneur, or individual whose idea can have a true impact on alleviating COVID-19 effects Grants up to $1,000 More detailed information can be found here 0% Interest Loans for U.S. Entrepreneurs Kiva USA All U.S Entrepreneurs Loans up to $15,000 More detailed information can be found here The Main Street Initiative Mainvest USA Existing bricks-and-mortar businesses negatively impacted by the virus that launch a funding campaign for a Mainvest revenue-based loan may be eligible immediately Zero-interest $2,000 loans More detailed information can be found here Small Business Relief Initiative GoFundMe USA Small businesses affected by COVID-19 $500 matching micro-grants More detailed information can be found here Supply Drop Brooklyn Meal Purchasing Program Supply Drop Brooklyn Brooklyn, NY Brooklyn restaurants with the capacity to supply around 30 meals and beverages $500 worth of sales proceeds to support local businesses and healthcare workers More detailed information can be found here

BUSINESS-LED PROGRAMS

Amex Waiving Interest and Fees American Express USA Amex Business accountholders Interests and fees waived on accounts requesting COVID-19 relief More detailed information can be found here MWBE Assistance Program Pyer Moss New York City MWBE businesses in NYC $50,000 in total aid Email for more information: wanttohelp@
yourfriendsin.nyc
Boost with Facebook

No longer accepting applications
New resources expected soon

Facebook World Small Businesses throughout the world $100M in cash grants and ad credits for up to 30,000 eligible small businesses in over 30 countries More detailed information can be found here Verizon Small Business Recovery Fund Verizon/Local Initiatives Support Corporation USA Small businesses in hardship due to COVID-19

Targeting entrepreneurs of color, women-owned businesses and historically under-served communities lacking easy access to credit

Grants up to $10,000 More detailed information can be found here Red Backpack Fund Grants

Aplicaciones vuelven a abrir el 05/04/2020

The Spanx by Sara Blakely Foundation USA Female entrepreneurs $5,000 grant for each female entrepreneur More detailed information can be found here Salesforce Small Business Grant Salesforce USA Small businesses (2-50 employees) operating for at least 2 years $10,000 grants More detailed information can be found here FundRocket Stimulus 2020 Loan Program FundRocket USA Any U.S. business with a FundRocket account Small, zero-interest loans amounting to $1,000 to cover business expenses

Repayment subject to business sales two weeks after initial loan amount is deposited

More detailed information can be found here Bespoke Post Product Purchasing Program Bespoke Post USA -Emerging brands with 50 or fewer employees
-Small manufacturers employing 100 workers or less
-Producing capacity between 2,000-5,000 units for sale
$10 million worth of product purchases to support small businesses during the crisis More detailed information can be found here Google Ad Credits Google USA Small and medium-sized businesses who have actively advertised with Google since January 1st, 2019 $340 million in ad credits redeemable until the end of the year More detailed information can be found here Up and Running Program Ebay USA New businesses lacking a strong online presence Waived ecommerce fees through June 30th, up to 500 items More detailed information can be found here Covid-19 Relief Fund RobinHood USA Robinhood anticipates making grants to 501(c)(3) organizations in NYC positioned to serve low-income communities Three months of funding, averaging $45,000 More detailed information can be found here Brooklyn Covid-19 Relief Fund Brooklyn Community Foundation USA Non-profits working towards racial equity, support for vulnerable populations, anti-stigma efforts, practical needs, support for workers, and other immediate needs Immediate response grants up to $10,000 More detailed information can be found here

CROWD-SOURCED PROGRAMS

Covid-19 Financial Solidarity Crowd-Sourced USA Small businesses Not stated More detailed information can be found here Prospect Height Small Business Relief Fund Crowd-Sourced Prospect Heights, NY Businesses located in Prospect Heights, NY Varies More detailed information can be found here #Solidarity4Service Crowd-Sourced USA Service workers Not stated More detailed information can be found here $1k Project Crowd-Sourced USA Employees, family members in critical need of support due to loss of income $1,000 grants for 3 months More detailed information can be found here

Compilation created by the Queens Economic Development Corporation.
QEDC is a 501c3 not-for-profit organization whose mission is to create and retain jobs
through programming that grows our neighborhoods, assists small businesses and promotes tourism and business development.
Learn more at www.queensny.org

Website queensny.org
Email address: info@queensny.org
Telephone 718-263-0546

 

The mission of the Queens Economic Development Corporation is to help small businesses.  In view of the Coronavirus, we are taking the following steps:

  • Reboot & Restart is our webinar series commencing May 26.  These  free webinars with experts who will provide advice as businesses prepare to reopen. Selected videos are available to view in our video library.
  • The Resource Guide details programs that  assist small businesses.  These include loans, grants and other aid available through Federal, State, City, and Private agencies. The Resource Guide can be accessed here. It is updated as we receive new information.
  • Assistance in filling out applications and all other client services can be done remotely. To request an appointment, email info@queensny.org and you will be contacted within 24 hours.  Please know our office in Kew Gardens is closed.
  • The Entrepreneur Space Commercial Kitchen Incubator is fully operational and staff is taking additional steps to ensure that it is a safe environment for our clients. For more information, please call 718 392-0025.
  • The Queens Tourism Council is working with our cultural, recreational, restaurant and sporting communities to support them as best we can.

If you have any questions or concerns please contact us.  Be careful, help those who are vulnerable, wear your mask and wash your hands.

FUEL THE FRONT LINES

Fuel the Front Lines is an initiative of Acting Queens Borough President Sharon Lee, Queens Night Market and the QEDC to help to meet the needs of front line healthcare workers, other emergency responders, and Queens communities in need through partnerships with local independent restaurants and food businesses. We will fill the urgent need for nourishment while at the same time providing a lifeline to the small businesses that define our neighborhoods. Make your tax-deductible contribution and help us deliver good food made with love by workers in Queens, for people in Queens.