New York now has loans available for those small businesses that did not get Federal aid through the U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP) or SBA Economic Injury Disaster Loans (EIDL) for COVID-19 in 2020. Eligible businesses have fewer than 20 full-time equivalent (FTE) employees, and the loans are paid back over a 5 year term. Additional details
To see if your business qualifies for reopening, use this link to enter your county and business category.
In response to the national emergency due to the COVID-19 pandemic, the Department of Labor announced on May 4th, 2020 a ruling extending deadlines related to employer group benefit plans. Plan Sponsors and employers have extensions to provide some of the required notices, and plan participants/beneficiaries have extended deadlines including Federal COBRA election/premium payments, special enrollment periods, and disability claims. Additional details
Gov. Cuomo announced additional guidelines that each region of the state must meet before they can reopen. He also listed safety precautions that businesses should implement to minimize the spread of the coronavirus.
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