Everyday at work, I hear a lot from constituents in our community who are really struggling, are concerned and looking for answers. Each day this week, I’m going to post about one of the topics I hear the most about, with the best resources I have to help. And if anyone has specific issues, please directly reach out to me.
With closures, businesses with no customers and a cautious (but safe) re-opening plan in the works – there are many questions and concerns on how to get through these tough economic times. Whether you own a small business or farm, run a nonprofit, there are some federal programs that can help you.
Under the Small Business Administration there are two main programs. First is the Payroll Protection Program: this can help cover payroll expenses and some operating costs. The second is the Economic Injury Disaster Loan: up to $10,000 of this loan program ($1,000 per employee) is a forgivable grant. The rest is a low interest loan spread out over 30 years. Questions on eligibility and more details here: https://www.sba.gov/…/coronavirus-covid-19-small-business-g… or call the local SBA for any questions: 585-263-6700.
Also, if you need technical assistance or looking for a bank/lender to work with, our Small Business Development Centers are the perfect resource. They are doing one on one appointments over the phone at no cost to you. Sign up here: http://www.nyssbdc.org/selector/ReqForCons/formo.aspx or call 800-732-SBDC
Locally, there are resources as well:
Monroe County: 585-753-2000 or https://www2.monroecounty.gov/economic2-index.php
City of Rochester: 585- 428-6883 or https://www.cityofrochester.gov/nbdcoronavirusops/