Monday, March 23, 2020

COVID 19 HELP RESOURCES

NYC Employee Retention Grant Program
The purpose of this grant is to cover 40% of payroll costs for two months to help retain employees. This grant is available is for businesses and non-profits that reside in the five boroughs of NYC, with four or less employees. To qualify for this grant, the business must be established for at least 6 months, and have no outstanding tax liens or legal judgements. The business will need to demonstrate that the COVID-19 crisis has caused at least a 25% decrease in revenue.
More info on this grant can be found at NYC Employee Retention Grant Program
Many credit card companies are helping out:
Apple and Barclays will allow you to skip March payments with no interest or late fee
Bank of America, if you call they will refund late fees and not report it as negative.
Citibank waiving fees to small businesses
Chase, USbank, Wells and Capital will extend deadlines if you call them.
AMEX also waiving fees if you contact them.

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