Reopening Putnam Safely
WATCH Replay: “Business Talkback” — Reopening Putnam Safely with County Executive Odell, Senator Serino & Assemblyman Byrne
Click image right to view replay on Facebook.
Governor Cuomo discusses phases of reopening New YorkP
Governor Andrew Cuomo held his daily New York coronavirus press conference on April 26. Gov. Cuomo outlined “Phase 1” of reopening New York, and plans to start with upstate New York. Read the Full transcript here.
“We encourage all approved lenders to process loan applications previously submitted by eligible borrowers and disburse funds expeditiously. All eligible borrowers who need these funds should work with an approved lender to apply. Borrowers should carefully review PPP regulations and guidance and the certifications required to obtain a loan.”
A Guide to COVID-19 Disaster Funding – How to Navigate the Funding Process
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CLICK HERE to see the latest Guidebook from U.S. Senator Kirsten Gillibrand
EIDL/EIDL-A Status
Economic Injury Disaster Loans (EIDL) & Advances: The SBA is unable to accept new applications at this time for the EIDL -COVID-19 related assistance program, including EIDL Advances, based on available appropriations funding. Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis.
Previous EIDL & Advances Status: If you submitted an application, received correspondence from SBA, and have a loan number that begins with a “3”, you are in the queue and your patience is appreciated. If you would like to further inquire about the process and understand what to expect next you should contact the Office of Disaster Assistance 24/7 Customer Service line at 800-659-2955.
PPP Lending Operations Update – Sunday, April 26, 2020
Due to the unprecedented demand for Paycheck Protection Program loans by the nation’s small businesses and to ensure equitable access and system integrity, SBA and Treasury are taking prudent and reasonable steps to protect SBA’s loan systems for the next phase of PPP loan processing.
SBA and Treasury are implementing the following measures:
- Pacing the number of loans processed in the E-Tran system for participating lenders when processing resumes on Monday, April 27, 2020 at 10:30 am EDT;
- Instituting a maximum dollar amount at 10% of PPP funding authority that any lending institution will be able to originate, exclusive of the additional $60 billion preserved for lenders with assets under $50 billion (i.e. $60 billion cap);
- Implementing operational standards to ensure that lenders access PPP funds based on their asset size;
- Ensuring the Paycheck Protection Program continues to operate on a first-come, first-serve basis so that every small business has access to PPP loans to sustain their business and retain their employees; and
- Issuing the following Guidance for lenders who have received a significant amount of loan applications.
- SBA and Treasury value all lenders and their small business customers and will continue to provide updates to the PPP lending community as loan processing resumes this week.
Upcoming Virtual Events
Paycheck Protection Program and SBA’s Covid-19 relief efforts for small business
The SBA Upstate NY District Office has scheduled a webinar for 1 pm on Tuesday, 4/28 to cover updates to the Paycheck Protection Program and SBA’s Covid-19 relief efforts for small businesses.
DATE: April 28th
TIME: 1PM
TOPIC: Paycheck Protection Program and SBA’s Covid-19 relief efforts for small businesses.
Please note, this event can only be viewed online via the link below, and voice questions will not be available. Please submit questions in advance to Syracuse.DistrictOffice@sba.gov. Live questions via the event chat will also be available.
Join The Business Council of Westchester and New York State Lieutenant Governor Kathy Hochul
The Business Council of Westchester’s Political Leadership Series is proud to present Conversation with New York State Lieutenant Governor Kathy Hochul as she discusses the work she and Governor Cuomo have been and will continue to do to help New York State navigate through the Coronavirus crisis.
Date: Wednesday, April 29
Time: 2:00pm