As temperatures drop and the days get shorter, in the wake of the ongoing Covid-19 pandemic, restaurants are facing an existential crisis. In a recent survey, 60 percent of New York restaurants said they will not make it till the end of the year without some sort of financial relief. Almost 90 percent were unable […]
Winter Guidelines for Outdoor Dining
As New York City heads into an uncertain winter the success or failure of outdoor dining will determine the future of the restaurant and bar industry in the city. To that end, it stands to reason that many will take advantage of year rounds of outdoor dining. The New York City Department of Buildings released […]
PPP Forgiveness for Loans of $50,000 or Less
The US Small Business Administration (SBA), working with the Treasury Department, released a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less. This streamlines the PPP forgiveness process to provide financial and administrative relief to small businesses. Also, SBA and Treasury have eased the burden on PPP lenders, allowing lenders […]
LISC NYC Small Business Relief & Recovery Fund
As New York City grapples with the economic fallout of the ongoing Covid-19 pandemic, small businesses have been especially devastated. 16 Community-Based Organizations and the City of New York’s Department of Small Business Services (SBS) partner with LISC NYC to support small businesses in underserved communities impacted by Covid-19. The LISC NYC Small Business Relief […]
New York Forward Loan Fund
New York is opening a new economic recovery loan program for small and micro businesses, nonprofits, and small landlords throughout the state as they reopen after the COVID-19 outbreak. The New York Forward Loan Fund (NYFLF) targets the state’s small businesses with 20 or fewer full-time equivalent employees, nonprofits, and small landlords that have seen […]