Updated Information on Financial Help >>

Updated Information on Financial Help

We at the Orthodox Jewish Chamber of commerce have been busy advocating to our elected officials and SBA administrators about the lack of money going to the "True Small Business Owner".
Our concerns were heard, The good news is that Congress has agreed to reload the Small Business Loan Program. Our Chamber legal and economic development specialists will be here to keep our membrs posted with PPP and SBA loan updates as they develop.
Please note: Many scammers are taking advantage of the high demand for loans and grants due to the COVID 19 pandemic. So please be aware of emails offering you "paid" assistance for the loan application process..

SBA Updates:
The White House passed an agreement for a $450 billion economic relief package to replenish a depleted emergency fund for small businesses and to expand coronavirus testing around the country, with votes on the measure possible early this week. Please visit www.sba.gov 
SBA Express Bridge Loans
Businesses who have a relationship with an SBA Express Lender can access up to $25K quickly.
Click here for more information
SBA Debt Relief
Pays the principal, interest, and fees of current 7(a), 504, and micro-loans for six months.


Through the Boost with Facebook Program is offering $100 million in cash grants and advertising credits to small businesses impacted by COVID-19. To be eligible, for-profit small businesses must have between 2-50 employees and been in business for over a year, with eligible expenses including payment for employees, rent costs and other operating costs.

Deadline is May 5th, 2020.

Click here to learn and apply



National Restaurant Association Relief Fund 
$500.00 Grant
This new grant opportunity was just announced. Restaurant employees may be eligible for a $500 grant from the National Restaurant Association Educational Foundation's (NRAEF) Employee Relief Fund. Staff may be eligible for a $500 one-time grant if they:
* Worked on a part- or full-time basis in the restaurant industry for at least 90 days in the past year (this includes food delivery),
* Have had a primary source of income in the restaurant industry for the last year,
* Have experienced a decrease in wages or loss of job on or after March 10, 2020, which these grant funds will help offset,
* Live in the United States, an overseas U.S. military base, or any U.S. territory, and
* Are over the age of legal majority in their U.S. state or territory. Grants will be awarded as soon as possible to those individuals who meet the eligibility criteria.
The grants are subject to availability and are limited to one per person
Samuel Adams Restaurant Strong Fund
Grants for Restaurant/Bar workers 
Grants for Restaurant/Bar workers in New York State To qualify for grant assistance, applicants must satisfy all of the following requirements:
* Completed Application Form,
* Full-time employee (Minimum of 30 hours total per week, can be multiple restaurants),
* Employed for 3 months or longer at the same location,
* Worked in a restaurant, bar, cafe or nightclub located in New York (other eligible states: Arizona, California, Connecticut, Florida, Georgia, Illinois, Maine, Massachusetts, Michigan, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Vermont)
Empire State Development - Global NY Loan Fund 
The Global NY Loan Fund is open to New York State companies seeking financing to create or expand direct exports, or to serve as suppliers to larger exporters. Loans are available to purchase equipment, inventory, working capital to support foreign accounts receivable, export lines or credit, or long-term financing. ESD is also offering interest-free loans for Distilled and Fermented Beverage industry businesses to promote New York State's thriving beverage industry on a global scale.


NY Unemployment: Update as of April 20, 2020
The New York State Department of Labor today announced the launch of a new application for New Yorkers to apply for traditional Unemployment Insurance or the new COVID-19 Pandemic Unemployment Assistance. This one-stop-shop for unemployment benefits will connect New Yorkers with the benefits they deserve faster, without requiring them to call the Department of Labor.
The Pandemic Unemployment Assistance (PUA) program, which was included in the Federal CARES Act, provides unemployment benefits for individuals who are ineligible for traditional unemployment insurance. Examples of those covered by PUA include:
· Self-employed New Yorkers;
· Independent contractors;
· New Yorkers who worked for an app-based company (i.e. "gig workers")
· Farmers;
· Those diagnosed with COVID-19 or who have COVD-19 symptoms and are seeking a diagnosis;
· Those living with a household member who has been diagnosed with COVID-19;
· Those providing care for a family or household member diagnosed with COVID-19;
· A primary caregiver for a child unable to attend school or another facility due to COVID-19;
· Those unable to reach their place of employment due to an imposed quarantine or because they have been advised by a medical provider to self-quarantine due to COVID-19;
· Those scheduled to commence new employment that cannot reach their workplace as a direct result of COVID-19;
· Those who became a major breadwinner because the head of their household died from COVID-19;
· Those who quit their job as a direct result of COVID-19;
· Those whose place of employment closed as a direct result of COVID-19;
· Those with insufficient work history and affected by COVID-19; and
· New Yorkers otherwise not qualified for regular or extended UI benefits and affected by COVID-19
The NYS DOL is dedicated to ensuring that every New Yorker who is entitled to unemployment insurance benefits will receive all benefits due. New Yorkers seeking to file an unemployment insurance claim should visit www.labor.ny.gov 
or call the Telephone Claim Center at (888) 209-8124


Updates from NYS on Health Care Coverage
Consumers and small businesses experiencing financial hardship due to COVID-19 may defer paying health insurance premiums through June 1, 2020
Special Enrollment Period for uninsured New Yorkers to apply for coverage through NY State of Health or directly to insurers extended through May 15, 2020
If you lost employer coverage, you must apply within 60 days of losing that coverage; because of loss of income, New Yorkers may also be eligible for Medicaid, the Essential Plan, Subsidized Qualified Health Plans or Child Health Plus


Freelancers Union Relief Fund offers support for freelancers impacted by COVID-19. The fund provides financial assistance of up to $1,000 per household to cover lost income and essential expenses not covered by government relief programs, including food/food supplies, utility payments, and cash assistance for income loss.