COVID-19 | SBA and Business Resources
National Restaurant Association Summary of the Paycheck Protection Flexibility Act.
SBA and Treasury Release Paycheck Protection Program Loan Forgiveness Application
The form and instructions include several measures to reduce compliance burdens and simplify the process for borrowers, including:
SBA ALERT: Reports of scammers are on the rise with respect to the PPP and EIDL programs.
Information on how to spot scammers is HERE. Report any suspected fraud to OIG’s Hotline at 800-767-0385 or online here.
The National Restaurant Association has prepared overview documents for the following CARES Act relief programs:
Small Business Administration Emergency Relief Loans
Here are links to information about the temporary relief programs (or temporary expansions of current programs), including application forms:
SBA Economic Injury Disaster Loan (EIDL) Fact Sheet
The EIDL program will make low-interest loans available to eligible entities to help pay for working capital and alleviate economic injury caused by the Coronavirus (COVID-19). EIDL Fact Sheet HERE.
The Small Business Administration (SBA) disaster loan application can be found here: SBA Application
The SBA offers disaster assistance in the form of low-interest loans to businesses in regions affected by declared disasters.
The Small Business Owner’s Guide to the CARES Act
The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now. When implemented, there will
be many new resources available for small businesses, as well as certain nonprofits and other employers. This guide provides information about the major programs and initiatives that will soon be available from the Small Business Administration (SBA) to address these needs, as well as some additional tax provisions that are outside the scope of SBA. Guide available HERE. To keep up to date on when these programs become available, please stay in contact with your local Small Business Administration (SBA) District Office, which you can locate HERE.
NYS/NYC Business Resources
NYS Department of Health New Reopening Guidelines for Businesses
The NYS Department of Health has released new reopening guidelines for businesses. All NYS businesses in the industry categories will need to comply with the minimum guidelines established by the State and will need to develop a written “Safety Plan” outlining how its workplace will prevent COVID-19 exposure. The State has provided industry specific safety plan templates, but also allows the business to develop its own Safety Plan. While the Safety Plan does not need to be submitted to the Department, the Safety Plan does need to be kept on file with the business AND posted conspicuously at the site of business. Businesses will also need to file an affirmation of compliance with the Department.
Empire State Development
NYC Small Business Services Resources
Guidance for Restaurants
Guidance for Business Owners
Emergency Planning Process Checklist
CDC | Business Planning Checklist for Pandemics
Letter from NYS Insurance Fund (NYSIF) to Policyholders re: Covid-19 Outbreak
We realize the restaurant industry has been hit especially hard. Therefore, NYSIF will be suspending cancelations, late fees, interest and installment fees on your policy. We want to ensure that you maintain full coverage without assuming additional financial burden at this time. Read full letter HERE.
United Healthcare FAQs &Information for Employers: https://www.uhc.com/employer/faq-employer
NYSRA Insurance Solutions Statement re: Voluntary Benefits Premiums
Dear NYSRA Members: First, we'd like to say that we hope everyone is healthy and safe during this trying time. And if you participate in any of our voluntary benefits such as UNUM Life Insurance, Cigna Dental, Delta Dental, HealthPlex, or Bluecross Blueshield of Western NY, these insurance companies are willing to work with you if you are having issues paying your premium.
If you have any concerns or issues please contact Curtis Robinson at 518-452-4222 ext. 235 or via email: curtisr@nysra.org.
SBA and Treasury Release Paycheck Protection Program Loan Forgiveness Application
The form and instructions include several measures to reduce compliance burdens and simplify the process for borrowers, including:
- Options for borrowers to calculate payroll costs using an “alternative payroll covered period” that aligns with borrowers’ regular payroll cycles.
- Flexibility to include eligible payroll and non-payroll expenses paid or incurred during the eight-week period after receiving their PPP loan.
- Step-by-step instructions on how to perform the calculations required by the CARES Act to confirm eligibility for loan forgiveness.
- Borrower-friendly implementation of statutory exemptions from loan forgiveness reduction based on rehiring by June 30.
- Addition of a new exemption from the loan forgiveness reduction for borrowers who have made a good-faith, written offer to rehire workers that was declined.
SBA ALERT: Reports of scammers are on the rise with respect to the PPP and EIDL programs.
Information on how to spot scammers is HERE. Report any suspected fraud to OIG’s Hotline at 800-767-0385 or online here.
The National Restaurant Association has prepared overview documents for the following CARES Act relief programs:
- Paycheck Protection Program (PPP)
- Economic Injury Disaster Loans (EIDL)
- Employee Retention Tax Credit (ERTC)
Small Business Administration Emergency Relief Loans
Here are links to information about the temporary relief programs (or temporary expansions of current programs), including application forms:
- Paycheck Protection Program (PPP)
- Economic Injury Disaster Loan (EIDL) Emergency Advance
- SBA Express Bridge Loans
- SBA Debt Relief
SBA Economic Injury Disaster Loan (EIDL) Fact Sheet
The EIDL program will make low-interest loans available to eligible entities to help pay for working capital and alleviate economic injury caused by the Coronavirus (COVID-19). EIDL Fact Sheet HERE.
The Small Business Administration (SBA) disaster loan application can be found here: SBA Application
The SBA offers disaster assistance in the form of low-interest loans to businesses in regions affected by declared disasters.
The Small Business Owner’s Guide to the CARES Act
The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now. When implemented, there will
be many new resources available for small businesses, as well as certain nonprofits and other employers. This guide provides information about the major programs and initiatives that will soon be available from the Small Business Administration (SBA) to address these needs, as well as some additional tax provisions that are outside the scope of SBA. Guide available HERE. To keep up to date on when these programs become available, please stay in contact with your local Small Business Administration (SBA) District Office, which you can locate HERE.
NYS/NYC Business Resources
NYS Department of Health New Reopening Guidelines for Businesses
The NYS Department of Health has released new reopening guidelines for businesses. All NYS businesses in the industry categories will need to comply with the minimum guidelines established by the State and will need to develop a written “Safety Plan” outlining how its workplace will prevent COVID-19 exposure. The State has provided industry specific safety plan templates, but also allows the business to develop its own Safety Plan. While the Safety Plan does not need to be submitted to the Department, the Safety Plan does need to be kept on file with the business AND posted conspicuously at the site of business. Businesses will also need to file an affirmation of compliance with the Department.
Empire State Development
- Empire State Development has created an FAQ for reopening: https://esd.ny.gov/nyforward-faq
- Website to answer business questions: https://esd.ny.gov/covid-19-help
- COVID-19 Resources: https://esd.ny.gov/esd-covid-19-related-resources
NYC Small Business Services Resources
Guidance for Restaurants
Guidance for Business Owners
Emergency Planning Process Checklist
CDC | Business Planning Checklist for Pandemics
Letter from NYS Insurance Fund (NYSIF) to Policyholders re: Covid-19 Outbreak
We realize the restaurant industry has been hit especially hard. Therefore, NYSIF will be suspending cancelations, late fees, interest and installment fees on your policy. We want to ensure that you maintain full coverage without assuming additional financial burden at this time. Read full letter HERE.
United Healthcare FAQs &Information for Employers: https://www.uhc.com/employer/faq-employer
NYSRA Insurance Solutions Statement re: Voluntary Benefits Premiums
Dear NYSRA Members: First, we'd like to say that we hope everyone is healthy and safe during this trying time. And if you participate in any of our voluntary benefits such as UNUM Life Insurance, Cigna Dental, Delta Dental, HealthPlex, or Bluecross Blueshield of Western NY, these insurance companies are willing to work with you if you are having issues paying your premium.
If you have any concerns or issues please contact Curtis Robinson at 518-452-4222 ext. 235 or via email: curtisr@nysra.org.
|
About NYSRA
The New York State Restaurant Association has been giving restaurateurs the power to succeed since 1935. The Association provides a platform for statewide cooperation and leadership on advocacy issues, along with valuable support services to members. |
Copyright New York State Restaurant Association. All Rights Reserved.
HQ: 409 New Karner Road, Ste. 202 | Albany, NY 12205 NYC: 315 W 36th Street | New York, NY 10018 Phone: 800.452.5212 | info@nysra.org
 |
|