Corinavirus links for Business
Government Resources - links for businesses to stay informed of and prepare for the spread of Coronavirus.
SBA To Provide Small Businesses Impacted by Coronavirus (COVID-19) Up to $2 Million in Disaster Assistance Loans
SBA is offering disaster relief assistance loans for businesses that have significant economic impact from the COVID-19. NY is currently preparing their request to participate in the program. Visit www.sba.gov/coronavirus for detailed information and links to the disaster loans to begin compiling required paperwork. The business loan program which will become available is called “Economic Injury”. One thing to consider is that there may be a different loan amount that a business would need today compared to months from now when the economic injury is truly compiled.
NYS Shared Work Program
Consider the Shared Work program as you manage business cycles and seasonal adjustments. Shared Work lets you keep trained staff and avoid layoffs. Employees can receive partial Unemployment Insurance benefits while working reduced hours. Full-time, part-time and seasonal employees are eligible.