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June 3, 2020, Webinar Presentation
June 3, 2020, Webinar Presentation
DURING CORONAVIRUS
THE CURRENT FINANCIAL LANDSCAPE FOR SMALL BUSINESS
PRESENTED BY
JOHN ROBERT J. ERICA CHASE- KEVIN JAMES
MALLANO PIECHOTA GREGORY LAW MADORE
SBA New York Branch Manager Director, Small Business President & CEO Newsday
Deputy District Director SBA LI Office Development Center The Long Island Economics Writer
Farmingdale State College Association
NEW YORK STATE UPDATE
PHASE 2 INCLUDES:
Some Office-Based Businesses in Professional Services,
Nonprofit, Technology and Administrative Support
Real Estate
Vehicle Sales, Leasing and Rentals
Commercial Building Management
Rental Repair, Rental and Cleaning
In-Store Retail Shopping
NEW YORK STATE UPDATE
Limited barbershop
and hair salon services.
NEW YORK STATE UPDATE
PHASE 2 GUIDANCE
has been posted on
the NY Forward website:
https://forward.ny.gov/
NEW YORK STATE UPDATE
BEFORE REOPENING,
ALL BUSINESSES MUST:
Read the guidelines and submit an affirmation.
Complete and print the safety plan to display
in their businesses.
NEW YORK STATE UPDATE
PHASE 2 BUSINESSES
can begin reading and submitting
the affirmation in preparation for
when Long Island enters Phase 2.
NEW YORK STATE UPDATE
SMALL BUSINESSES
20 or fewer employees
Located in NY State
FORWARD LOAN FUND PROGRAM
SMALL LANDLORD
Have no more than 200 units and no single property greater than 50 units
Properties must be located in LMI census tracts or meet rent tests for LMI tenants
Must have positive cash flow for 12-month period prior to loan request
Must be current on mortgage and taxes
PRE-APPLICATION
www.nyloanfund.com
One application per organization
Applicant will be paired with an appropriate lender
Lender will provide needed documents to complete
application process
FORWARD LOAN FUND PROGRAM
SMALL BUSINESS DEVELOPMENT CENTERS
Farmingdale – sbdc@farmingdale.edu
Stony Brook – frontdesksbdc@stonybrook.edu
EAP CENTERS
Hofstra University – (516) 463-4069
Suffolk County Community College – (631) 851-6214