Updated: Apr 27
One Stop Help for Business:
Suffolk County government is encouraging businesses to fill out a COVID-19 impact survey. Here is a link. The County Executive also announced a new Business Recovery Unit to help small business. Visit them online.
SBA Loans are available to assist businesses. Click here for the documents.
On March 20, 2020, the State of New York received a Major Disaster Declaration FEMA-4480-DR from President Trump for the COVID-19 Incident. The U.S. Small Business Administration (SBA) has established a disaster declaration for New York which makes available Economic Injury Disaster Loans (EIDLs) for small businesses in New York State. The objective of the EIDLs it to provide working capital loans to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. Please find the information from the SBA providing program details and application information in the link above.
The SBA will work directly with state Governors to provide targeted, low-interest loans to small businesses and non-profits that have been severely impacted by the Coronavirus (COVID-19). The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
Guidance for Businesses and Employers