COVID Resources

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FINANCIAL RESOURCES FOR SMALL BUSINESSES

QEDC Reboot & Restart Video Library

 

Small Business Reopening Tips

What should you clean and disinfect?

High touch and horizontal surfaces.  The virus can live on certain surfaces for an extended amount of time. High touch surfaces would be doors, doorbells, mailboxes, light switches, refrigerator handles, etc., as well as horizontal surfaces people are most likely to touch, which include countertops, desks, vanities, etc.

What’s the difference between cleaning, disinfecting, and sanitizing?

  • Cleaning: Physically removes germs, lowering their numbers.
  • Disinfecting: Kills germs using chemicals, but does not necessarily clean dirty surfaces or physically remove germs from the surface
  • Sanitizing: Lowers the number of germs to a safe level defined by public health standards and is achieved by either cleaning, disinfecting, or a combination
  • A disinfectant is more effective on a clean surface, therefore, it is always best practice to clean the surface first, then apply a disinfectant
  • It is best to fold your towels into neat squares, do not ball them up when cleaning
  • It is best to spray the cleaner or disinfectant onto the towel and not the object
  • It is best to always wipe in one direction and overlap your wipes.

How can I keep myself and others safe?

  • Wash your hands often, scrubbing for at least 20 seconds using hot water and soap
  • Do not touch your mouth, nose, or eyes with unclean hands
  • Wear a mask. Masks are primarily for the protection of those around you working by trapping your respiratory droplets from talking, coughing, and sneezing that may transmit the virus to others. It also may serve as a physical reminder not to touch your mouth with your hands

 

Covid-19 Relief Efforts

Last updated: 07/13/2020

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) 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

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

New deadline to file New York State taxes: 07/15//2020

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
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
New York Forward Safety Plan Template New York State New York State ALL New York State businesses must develop a written Safety Plan outlining procedures aimed at minimizing Covid-19 risk

Businesses may use this template to meet this requirement

Business guidance Click here to be redirected to document
New York Forward Business Reopening Lookup Tool New York State New York State Use this tool to determine whether your business is eligible to reopen based on Reopening Phase guidelines N/A Access tool by clicking 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 at least 18 years of age who plan on using loan proceeds for business purposes 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 meeting specified criteria $500 matching micro-grants 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

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
Red Backpack Fund Grants

Next round of applications open August 3rd through August 10th

The Spanx by Sara Blakely Foundation USA Female entrepreneurs meeting stated program criteria $5,000 grant for each female entrepreneur 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
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

CROWD-SOURCED PROGRAMS

Covid-19 Financial Solidarity Crowd-Sourced USA Small businesses Not stated More detailed information can be found here
Prospect Heights 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