New York Forward: Small Business Recovery Hub

Jan 22, 2021

Federal Stimulus Bill

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Paycheck Protection Program (PPP)

The guidance on the new PPP program (Economic Aid Act) has been released by the SBA and US Treasury. Please refer to the documents below depending on your status:

 

How To Apply?

Our partner & community lender Pursuit is now processing applications. Use their Revenue Reduction Calculator to calculate 25% revenue reduction before you apply.

Apply here.

 

We also have partnerships with the following CDFIs processing PPP applications:

  • TruFund - learn more here
  • Ascendus (formerly Accion) - learn more here
  • NDC - learn more here

Economic Injury Disaster Loan (EIDL) & EIDL Advance 
The EIDL program is newly launched with additional funding.  Pls note: you do not need to apply for this program via a financial institution.

Who can apply?

  • Businesses & nonprofits / small agricultural cooperatives / tribal businesses of 500 or fewer employees. Also independent contractors, sole proprietors, self-employed individuals may apply.
Max Loan Amount
  • Based upon businesses' working capital needs for 6 months. SBA will review loan application and provide an estimate of the qualified loan amount.
Interest Rate & Repayment
  • 3.75% interest for small businesses; 2.75% for non-profits, 30 year loan. Payments deferred for 12 months
Uses
  • Working capital & operating expenses
    (payroll, bills/accounts payable, fixed debts)
EIDL Advance (grant)
Up to $10K max - separate application - awaiting application form here.

A summary of the $900 billion COVID relief bill is provided below.

NYC and NYS Guidance for Businesses

Indoor Dining

  • Indoor dining in NYC closed on Monday, December 14.  Restaurants are now permitted to do takeout and outdoor dining only, 
  • View the latest guidance for snow advisory here.
  • View the updated guidance from the State Liquor Authority (SLA) guidance on Closing of Indoor Dining here and read these FAQs. The original SLA guidance is here. Follow the SLA on social media for most current information:
  • View the Open Restaurants Program guidance here.

Outdoor Dining

OTHER GUIDELINES

Open Storefronts Program

Plastic Bag Ban

Evictions & Foreclosures

Business Closures by Zones

New York City is in the fourth phase of reopening.

Brooklyn is in the yellow zone. While businesses can remain open in the yellow zone, certain activity restrictions still apply.  Additionally, there have been updates to the zones guidance. View restrictions by zones below.

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Brooklyn Chamber Resources

WE ARE COMMITTED to helping Brooklyn businesses and industries recover from the financial and other hardships caused by the pandemic.

Small Business Resources Network

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The Brooklyn Chamber of Commerce has activated its Small Business Resources Network to provide direct support to businesses throughout Brooklyn. If you are a small business in NYC, we can help.

Get free expert services and 1-on-1 consultation with a recovery specialist around:

 

  • volunteer mentors, 
  • technical assistance providers,
  • loans and grants, 
  • procurement opportunities, 
  • marketing, 
  • technology, 
  • real estate, 
  • legal and accounting services

Brooklyn Chamber in the Field

The Brooklyn Chamber team led by President and CEO Randy Peers has conducted 25 commercial corridor visits. Follow us @brooklynchamber to see our work each week in the field.

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Support neighborhood business, it's the Brooklyn way!

You can still contribute and join the effort to save your local small businesses. Learn more here.

Open for Business in Brooklyn

See who is open for business in Brooklyn - updated daily with over 1,000 businesses across all neighborhoods.

View our map of open plazas and streets in Brooklyn.

Commercial Cleaners

To assist with your business cleaning and sanitizing needs we have a vetted list of commercial cleaners operating across Brooklyn. Contact them for a quote.

Economic Impact Surveys

Our monthly surveys measure the economic impact of the pandemic to Brooklyn businesses. The feedback we receive supports our advocacy efforts on behalf of the small business community to policymakers. Our November survey results on commercial leases are now out.

Personal Protective Equipment (PPE) Grant

We are providing disposable masks, gloves, sanitizers and  thermometers for businesses and their employees. Please apply for our Bring Back Brooklyn PPE grant here.

Small Business Hotline

The Brooklyn Chamber is digital! Find us on the Brooklyn App and join the 'Small Business Hotline' to communicate with us and your business peers in real time.

Webinars

We host weekly virtual events to help business owners and sole proprietors navigate financial aid and the latest resources, advice and information. View the recordings here.

Grants for Businesses and Non-profits

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Grants for Small Businesses

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Grants for Non-Profits

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Grants & Resources for Restaurants

Small Business Financial and Other Assistance

US Small Business Administration (SBA)

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New York City and State Resources

SBS
Commercial Lease Assistance

The Commercial Lease Assistance Program offers free legal services for businesses seeking to renew or amend their existing lease, or sign a new commercial lease.

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New York Forward Loan Fund

Loan program for businesses with 20 or fewer full-time employees, nonprofits and small landlords who did not receive PPP or EIDL. Apply with these CDFIs.

  • Accion East
  • Community Preservation Corporation
  • National Development Council
  • Pursuit
  • TruFund

Complete the application here.
This is not a first-come, first-served application.

Assistance to Manufacturers

Review the reopening guidelines for manufacturers.

 

For PPE procurement (masks, gloves, disinfecting supplies, thermometers and physical barriers) or to be listed as a vendor, visit the NYC Manufacturing and Industry Innovation Council's PPE marketplace.

Other Resources

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New York City Resources

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Other Reopening Resources