Have you seen the latest trend on social media, people are sick with COVID-19 jokes, advisories, news updates and want to flood it with land and seascapes?
I wish this flood were with resources that would help people, business owners, and Nonprofit organizations to survive.
Some years ago, I was part of the CORO leadership program here in New York and surprised some in my cohort with an opinion on how the government operates and “bureaucrats” that it employes. In return, I was floored by what ” the other side” thinks about ruthless business owners that only care about profits and could care less about people that work for them.
This experience definitely changed my assumptions. I shared how for all small businesses, every employee is essential, that we live together with very high highs of success and very low lows of setbacks.
This post is a compilation of what I know so far that could be helpful to everyone.
On the Federal Level:
The Paycheck Protection Program offers loans for small businesses with fewer than 500 employees, select types of companies with fewer than 1,500 employees, 501(c)(3) nonprofits with fewer than 500 workers, and some 501(c)(19) veteran organizations. Additionally, the self-employed, sole proprietors and freelance, and gig economy workers are also eligible to apply. Businesses, even without a personal guarantee or collateral, can get a loan as long as they were operational on February 15, 2020.
Changes to paid sick leave and paid FMLA leave from the Families First Coronavirus Response Act
The U.S. Chamber has a comprehensive breakdown to the requirements and exemptions, click on this LINK
The CARES Act also Includes Loan Programs That Can Support Nonprofit Organizations
The U.S. Small Business Administration has loan programs that are available to nonprofits with 500 or fewer employees.
Note: The SBA (federal) has loan programs that are available to nonprofits with 500 or fewer employees. And
You should also visit the U.S. Small Business Administration page to find your District office if you need assistance
On the State Level :
Look into The Shared Work Program – that 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. Employees can receive partial Unemployment Insurance benefits while working reduced hours. Full-time, part-time, and seasonal employees are eligible.
To help small businesses deal with the impact of COVID-19, the City has launched the NYC Small Business Continuity Loan Program. This program is available to New York City businesses with fewer than 100 employees that can demonstrate at least a 25% decrease in revenue as a result of COVID-19. Eligible businesses can apply for an interest-free loan up to $75,000.
To help small businesses deal with the impact of COVID-19, the City has launched the Employee Retention Grant Program to help retain employees as businesses face decreased revenue. This program is available to New York City businesses with one to four employees that can demonstrate at least a 25% decrease in revenue as a result of COVID-19. Eligible businesses will receive a grant covering up to 40% of their payroll for two months. Businesses can access up to $27,000.
Robin Hood anticipates making GRANTS to 501(c)(3) organizations in New York City that are well-positioned to serve low-income communities. The initial grants, expected to last three months in duration, will average $45,000. The purpose of these grants is to provide resources to support nonprofits that are on the front lines of this work and can move swiftly to serve affected communities.
Working from Home is tough on everyone in my family. To make sure we would fit through the front door, once the quarantine is lifted, we follow this Instagram fitness stars Joe Wicks that streams new morning exercise routines for kids and adults on YouTube.