COVID-19 Small Business Resources
| Please Note: NY State PAUSE has been extended through May 15th. All non-essential workers must continue to work from home and schools will be closed through that date. |
|
CARES ACT:
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed by Congress and signed into law on March 27, 2020. This over $2 trillion economic relief package is meant to keep businesses and individuals afloat during this unprecedented freeze on the majority of American life. The CARES Act includes more than $375 billion in small business relief.
For more information about the CARES Act, please click on these resources:
https://home.treasury.gov/policy-issues/cares
Small Business Owner’s Guide to the CARES Act
Update: An additional aid package has been passed that will provide $484 billion in relief to re-start the depleted SBA Paycheck Protection Program ($320 billion) as well as funding for hospitals and testing.
SMALL BUSINESS ADMINISTRATION (SBA) RESOURCES:
Funding Options
In addition to traditional SBA funding programs, the CARES Act established several new temporary programs to address the COVID-19 outbreak.
This loan program provides loan forgiveness for retaining employees by temporarily expanding the traditional SBA 7(a) loan program.
** If a business applied with a lender before the first round of funds ran out and have not heard back, their application still stands and the business does not need to reapply.
Learn morePlease Note:
** If you need technical assistance reviewing the SBA loan application for the Paycheck Protection Program or the Economic Injury Disaster Loan, please email Judy Mezey, Deputy Planning Commissioner, City of White Plains, at jmezey@whiteplainsny.gov **
This loan advance will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties.
Learn more
Please Note:
** If you need technical assistance reviewing the SBA loan application for the Paycheck Protection Program or the Economic Injury Disaster Loan, please email Judy Mezey, Deputy Planning Commissioner, City of White Plains, at jmezey@whiteplainsny.gov **
Enables small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly.
Learn more
The SBA is providing a financial reprieve to small businesses during the COVID-19 pandemic.
Learn more
NEED HELP FILLING OUT AN SBA LOAN APPLICATION?
Westchester County is working with Volunteer New York! to connect small business owners with trained volunteers who can provide technical assistance in filling out SBA loan applications. For more information click this link: https://www.volunteernewyork.org/vvc
COMMUNITY CAPITAL NEW YORK:
Community Capital New York is offering Emergency Express Loans for small businesses in the Hudson Valley. For more information click on this link: https://communitycapitalny.org/emergency-express-loan/
UNEMPLOYMENT INSURANCE:
The CARES Act provides enhanced Unemployment Insurance (UI) benefits and Pandemic Unemployment Assistance (PUA). Click here for Unemployment Insurance resources.
ADDITIONAL RESOURCES:
ADDITIONAL GOVERNMENT RESOURCES:
Novel Coronavirus FAQ for Businesses from Empire State Development (ESD)
Submit Your COVID-19 Related Business Questions to ESD
Guidance for Businesses from ESD on Essential Businesses and Entities
Requiring Face Coverings for Public and Private Employees
Protocols for Essential Personnel to Return to Work Following COVID-19 Exposure or Infection