04/10/2020
以下根津弁護士からのSmall Businessへ政府からの補助についてまとめた情報を転送します。
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Federal Coronavirus Small Business Assistance
The stimulus package includes several programs aimed at assisting small businesses, such as:
Paycheck Protection Program: The U.S. Small Business Administration (SBA) will guarantee loans of up to $10 million to eligible businesses, and the loans will be provided by lenders including banks and credit unions. Paycheck Protection Program loans can be forgiven if businesses maintain payroll for eight weeks at employees’ normal salary levels and use the loan proceeds for qualifying expenses.
Expanded access to U.S. Small Business Administration Economic Injury Disaster Loans: As part of its disaster assistance program, the SBA is providing working capital loans of up to $2 million to small businesses and nonprofits affected by the coronavirus. These loans carry an interest rate of 3.75% for small businesses and 2.75% for nonprofits. Loan repayment terms vary by applicant, up to a maximum of 30 years. The stimulus updated the program so that sole proprietors and businesses with fewer than 500 employees qualify, and applicants don’t need to provide a personal guarantee on loans under $200,000. Payments can also be deferred for up to four years.
Emergency grant of $10,000 to SBA Economic Injury Disaster Loan applicants: Even if your business is denied a loan, you can still access this grant, which can be used to provide employee sick leave, maintain payroll or meet other needs like paying rent.
The U.S. Small Business Administration (SBA) offers a list of coronavirus relief options with details on each program. https://www.sba.gov/funding-programs/loans/coronavirus-relief-options
New Jersey
New Jersey is launching a $10 million program to offer low-cost financing to New Jersey small businesses and nonprofits. The program will provide a direct loan of up to $100,000. Payments will be deferred for 12 months.
Who’s eligible: Small businesses and nonprofits that have existed in New Jersey for at least one year and have less than $5 million in annual revenue. The business must have been negatively impacted by the COVID-19 crisis and must have seen a reduction in business hours, at least a 20% decline in revenue, or meet other requirements outlined by the state.
How to apply: Applications open April 13.
https://faq.business.nj.gov/en/articles/3835238-how-do-i-apply-to-the-njeda-small-business-emergency-assistance-loan-application-opens-april-13-2020-at-9-00-a-m
New York
Application intake for the New York City Small Business Continuity Fund, which provided up to $75,000 in interest-free loans from the city to cover revenue losses, has been paused. But businesses can fill out an interest form https://lp.constantcontactpages.com/su/k4l47Hv to learn about new local and state programs as they become available.
Victor A. Nezu, Esq.
The Law Offices of Victor A. Nezu, P.C.
1001 Avenue of the Americas, 12th Floor
New York, NY 10018
212.790.9464 tel
212.790.9465 fax
www.nezulaw.com
