Helping businesses to succeed on Southern Boulevard

The Southern Boulevard Merchant Association collaborates to build a vibrant commercial district by attracting businesses and shoppers, beautifying the neighborhood, and organizing community events.

COVID COMMUNITY RESOURCES

Free Financial Counseling

Neighborhood Trust offers any NYC business free access to their phone-based financial coaching program, TrustPlus, for three months. TrustPlus financial coaches can help with everything from stretching resources and budgeting to debt management. They can also help displaced employees access and navigate newly available public resources. To learn more about how you can give your staff access to TrustPlus for free, contact Brendon Kinney at bkinney@neighborhoodtrust.org.

Takeout COVID

Help support and save NYC restaurants and bars through this website. Order food, cocktails, wine, and beer for delivery or take-out and keep your local favorites in business! They are working hard to keep these lists up-to-date, but please check with individual businesses to confirm their hours, menus, and availability.

Bronx Mutual Aid Network

A mutual aid resource where people can sign up to volunteer their services and/or if they are in need and need assistance. Other resources are also included in this doc.

Access the HRA Online

All in-person appointments with the HRA have been cancelled. NO NEGATIVE CASE ACTIONS WILL BE TAKEN. You can do everything listed at this link without coming to an HRA Center. Go online to nyc.gov/accesshra, or download the ACCESS HRA mobile app, and log in or create an account.

Free Wifi at Home

  • Comcast – offering Essentials internet service designed for low-income families free for 60 days for new qualifying customers. Visit https://www.internetessentials.com/ for more information. Call 1-855-8-INTERNET for set up.
  • Spectrum – households with K-12 students can get free Spectrum Wifi for 60 days (including free installation for new customers). Call 1-844-488-8395 for set up.

NYC Well

NYC Well is your connection to free, confidential mental health support. If you feel overwhelmed, or if you need help coping, you can contact NYC Well, a confidential 24/7 helpline, staffed by trained counselors. They can provide brief counseling and referrals to care in over 200 languages and other resources. Call 888-NYC-WELL (888-692-9355), Text “WELL” to 65173, or chat at nyc.gov/nycwell.



COVID BUSINESS RESOURCES

“Up and Running” on eBay

ebay has launched the Up and Running accelerator program to help retailers without an online presence transition to selling online. Through this program, new eBay sellers will receive:

  • A free Basic eBay Store for three months
  • No selling fees through June 30 (up to 500 orders)

To get started, click here.

COVID-19 Business for All Grants

Hello Alice with the support of Verizon, Silicon Valley Bank, Ebay, and others is offering $10,000 emergency grants, being distributed immediately to small business owners impacted by this pandemic. If your business has been severely impacted by COVID-19, please complete the full COVID19 Business for All Grant application to apply for immediate support in the form of $10,000 grants. Click here to apply or contact alice@helloalice.com​ with any questions. 

Save Small Business Fund

The Save Small Business Fund, an initiative of the U.S. Chamber of Commerce Foundation, will be offering grants of $5,000 to small businesses in economically vulnerable communities. Eligible businesses employ between 3-20 employees (including owners) and have been affected by the COVID-19 pandemic. The application process will only take about 10 minutes. You can access the application when it becomes available on Monday, April 20 at 3pm ET, by clicking here.

Facebook Small Business Grant Program

Facebook is offering a $4000 grant for the recipients in the US ($2500 cash, $1500 in optional ads credits) to help during this challenging time. To be eligible to apply, you must:

  • Be a for-profit company
  • Have between 2 and 50 employees
  • Have been in business for over a year
  • Have experienced challenges from COVID-19
  • Be in or near a location where Facebook operates

 Click here to apply. The deadline is May 5th, 2020 at 11:59pm (EST).

Free Financial Counseling

Neighborhood Trust offers any NYC business free access to their phone-based financial coaching program, TrustPlus, for three months. TrustPlus financial coaches can help with everything from stretching resources and budgeting to debt management. They can also help displaced employees access and navigate newly available public resources. To learn more about how you can give your staff access to TrustPlus for free, contact Brendon Kinney at bkinney@neighborhoodtrust.org.

Bronx Business Continuity Loan (BBCL)

The Bronx Overall Economic Development Corporation (BOEDC) and the Office of the Bronx Borough Present has established the Bronx Business Continuity Loan (BBCL) with the goal of providing recovery financing to businesses of the Bronx. The Bronx Business Continuity Loan Fund was created to help sustain video businesses through these challenging times caused by the Covid19 pandemic.

The use of these funds will provide local emergency business financing and bridge loan funding until government contingency financing is in place.

Eligible Companies:
For-profit entities, including service, retail and manufacturing companies operating in the Bronx and nonprofit organizations in the Bronx.

Eligible Uses:
– Payroll expense
– Commercial Mortgage / Rent
– Equipment lease options
– Insurance premium expense
– Misc. business discontinuance expense

More information, visit the BOEDC’s Facebook page or contact BOEDC’s Loan Officers:
Rafael Roger at rroger@boedc.org or 347-524-4739
Pedro Barry at pbarry@boedc.org or 347-297-0071

Spring Bank SBA Loans Available

Spring Bank will be able to offer Small Business Administration (SBA) 7(a) loans through the recently passed Coronavirus Aid, Relief, and Economic Security (CARES) Act. As an SBA Preferred Lender with delegated authority to make 7(a) loans, the bank will be able to offer loans offered through the Paycheck Protection Program provision of the CARES Act. 

Here are key points of the program:

  • All eligible businesses and nonprofits in operation on or before February 15, 2020 with fewer than 500 employees are eligible
  • Loan proceeds may be used to maintain payroll, rent, business related debt costs.
  • Loan amounts are the lesser of average monthly payroll during the last 12 months x 2.5 or $10MM
  • The portion of the loan that is used for eligible purposes during the first eight (8) weeks after funding is eligible for forgiveness
  • No SBA guarantee fees
  • No personal guarantee
  • No collateral requirement

These loans are intended to assist struggling small businesses across the country. The money can be used for payroll, rent, utility or mortgage expenses as well as interest costs on other debt obligations incurred before February 15, 2020. As more details are available, Spring Bank will be updating their website. For more details from the SBA please go to: Coronavirus (COVID-19): Small Business Guidance & Loan Resources.

SBA Coronavirus Relief Options

The CARES Act signed at the end of March 2020 contains $376 billion in relief for American workers and small businesses. In addition to traditional SBA funding programs, the CARES Act established several new temporary programs to address the COVID-19 outbreak. Find more info about the loan programs here.

Takeout COVID

Help support and save NYC restaurants and bars through this website. Order food, cocktails, wine, and beer for delivery or take-out and keep your local favorites in business! They are working hard to keep these lists up-to-date, but please check with individual businesses to confirm their hours, menus, and availability.

Free Legal Assistance

WHEDco is working with  Volunteers of Legal Service to provide free 1-on-1 advice remotely via phone or video conferencing to Bronx businesses. Common areas VOLS can help with are:

To set up an appointment, you can contact me at 347-906-2335 or email us at econdev(at)whedco.org.

Free Small Business Technical Assistance

Start Small Think Big is a nonprofit that provides free legal, marketing, and financial services to under-resourced entrepreneurs and can help you with the NYC funding applications. Visit their COVID-19 resource page for more information.

Start Small Think Big will be providing ongoing Virtual Office Hours to help answer any and all questions during this time. Reach out to the Finance team at financial@startsmallthinkbig.org or the Legal team at legal@startsmallthinkbig.org to help respond to your questions.

 

NYC COVID-19 Response & Impact Fund

The NYC COVID-19 Response & Impact Fund was created to aid nonprofit service providers struggling with the health and economic effects of the coronavirus.

It will give grants and interest-free loans to NYC-based nonprofits that are trying to meet the new and urgent needs that are hitting the city. Priority will be given to direct service providers addressing essential healthcare and food insecurity as well as arts and culture, because New York is the cultural capital of the nation. Your gift will help nonprofits with a variety of needs, including protective equipment, cleaning supplies, technological assistance, and support for financial losses.

Restaurant Response Program

The nonprofit, Rethink Food announced a restaurant response program wherein it will provide a $40,000 grant for 30 New York City-based restaurants at risk of closing operations due to the coronavirus outbreak.

The expectation is that restaurants accepted to participate in the program will use the funds to prepare meals for affordable price points, and temporarily operate on a distributor model to help mitigate the effects of any food shortages.

US Small Business Administration (SBA) Economic Injury Disaster Loan Program

Small business owners in New York are currently eligible to apply for a low-interest loan due to Coronavirus (COVID-19) through the U.S. Small Business Administration (SBA).

SBA is working directly with state Governors to provide targeted, low-interest loans to small businesses and nonprofits severely impacted by the Coronavirus (COVID-19). SBA’s Economic Injury Disaster Loan Program offers working capital loans of up to $2 million to pay fixed debts, payroll, accounts payable and other bills. The interest rate is 3.75% for small businesses without credit available elsewhere; businesses with credit available elsewhere are not eligible. The interest rate for non-profits is 2.75%.

NYC Small Business Continuity Fund

Businesses with fewer than 100 employees who have seen sales decreases of 25% or more will be eligible for zero-interest loans of up to $75,000 to help mitigate losses in profit.

Link to apply: http://on.nyc.gov/2WQ7g6S

Applicants must:

  • Be located within the five boroughs of New York City
  • Demonstrate that the COVID-19 outbreak caused at least a 25% decrease in revenue
  • Employ 99 employees or fewer in total across all locations
  • Demonstrate ability to repay the loan
  • Have no outstanding tax liens or legal judgments

 

NYC Employee Retention Grant Program Application

This grant offers small businesses and nonprofits with 1-4 employees a grant to cover 40% of payroll costs (up to $27,000) for two months to help retain employees.

Link to apply: https://on.nyc.gov/2UpbWis
Before applying, please contact Ana Rodriguez at arodriguez@nywcc.org.

Applicants must:

  • Be located within the five boroughs of New York City
  • Demonstrate that the COVID-19 outbreak caused at least a 25% decrease in revenue
  • Employ 1-4 employees in total across all locations
  • Have been in operation for at least 6 months
  • Have no outstanding tax liens or legal judgments

In order to demonstrate revenue loss, the applicant must be able to show at least a 25% decrease in either calculations:

  • Total revenue of two consecutive months in 2020 vs. total revenue of the same two months in 2019
  • Average monthly revenue of any two consecutive months in 2020 vs. average monthly revenue of all of 2019

In the meantime, we recommend that you pull financial documents as proof of revenue, such as:

  • 2019 tax returns
  • Bank Statements (2019 & 2020)
  • Quarterly sales tax filings
  • Point-of-sales reports
  • Certified profit & loss statement