COVID-19- Small Business Resources

City of New London

The City of New London understands that there is a tremendous amount of uncertainly during these difficult times. The Administration and Office of Economic Development will continue to gather up the latest information and post the information below.

Useful Links

Local & Municipal Resources

  • New London Main Street:Community Partner on helping our Downtown Waterfront District http://newlondonmainstreet.org/  (Website that list restaurants that are offering delivery and/or take-out)
  • Eastern Connecticut Chamber of Commerce

https://chamberect.com/coronavirus-updates/

https://www.secter.org/

  • Office of Economic Development & Planning

www.developnewlondon.com

  • E.R.G 2.0 GRANT- NEW!!! January 13-26, 2021

The City of New London’s Office of Community and Economic Development will accept applications from its small businesses for the SERG 2.0 Program from January 13-26, 2021. Grants will help provide short term assistance to small businesses for utility bills in amounts ranging from $500- $1500.

Applications will be available in both English & Spanish on the city website and online.

To download a PDF of the application: Please visit the City’s Website at http://www.newlondonct.org. Please email application and documents to [email protected], or call 860-447-5243 to schedule a drop-off or pick up.

To Submit Online Application, please visit https://forms.gle/z1qxpZ5CKa6kR8QT7

  • SUBSIDIO DE S.E.R.G 2.0

La Oficina de Desarrollo Comunitario y Económico de la Ciudad de New London esta aceptando solicitudes de pequeños negocios para el Programa de SERG 2.0. Las solicitudes serán aceptadas del 13 al 26 de enero de 2021. Los subsidios asistirán a los pequeños negocios de corto plazo para las facturas de servicios públicos y serán de $500- $1,500.

Las solicitudes estarán disponibles en ambos idiomas en la página web de la Cuidad de New London y también en línea en el enlace especificado a continuación.

Para descargar la aplicación en la página de la cuidad como PDF: Por favor visite la página web de La Cuidad de New London. La solicitud completa se puede entregar por correo electrónico a [email protected] o también puede llamar al 860-447-5243 para programar una entrega o recogida de solicitudes en persona.

Solicitud en español en línea: https://forms.gle/nx3AZzTj8SLJsL126

For questions about the application process, please contact, Judi Cox by email at [email protected].

Cares Act: Small Business Administration Programs (SBA)

  • Payroll Protection Program: NOW OPEN

https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program

Key Payroll Protection Program updates from the Small Business Administration (SBA) & U.S Department of the Treasury include:

  • PPP borrowers can set their PPP loan’s covered period to be any length between 8 and 24 weeks to meet their business needs best;
  • PPP loans will cover additional expenses, including operations expenditures, property damage costs, supplier costs, and worker protection expenditures;
  • The Program’s eligibility is expanded to include 501(c)(6)s, housing cooperatives, direct marketing organizations, among other types of organizations;
  • The PPP provides greater flexibility for seasonal employees;
  • Certain existing PPP borrowers can request to modify their First Draw PPP Loan amount; and
  • Certain existing PPP borrowers are now eligible to apply for a Second Draw PPP Loan.
    • A borrower is generally eligible for a Second Draw PPP Loan if the borrower:
      • Previously received a First Draw PPP Loan and will or has used the full amount only for authorized uses.
      • Has no more than 300 employees; and
      • Can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020.

Partes importantes de las actualizaciones sobre el Programa de Protección de Pagos de La Agencia Federal de Pequeños Negocios de Estados Unidos (SBA, por sus siglas en inglés) y la Tesorería de lo Estados Unidos incluyen:

  • Para satisfacer mejor sus necesidades comerciales, los prestatarios de PPP pueden escoger que el período de cobertura de su préstamo sea de entre 8 y 24 semanas.
  • Los préstamos de PPP cubrirán gastos adicionales, incluidos los gastos de operaciones, los costos de daños a la propiedad, los costos de proveedores y los gastos de protección de los trabajadores;
  • Las siguientes organizaciones serán elegibles para el programa; 501 (c) (6), cooperativas de vivienda, organizaciones de marketing directo, y otros tipos de organizaciones;
  • El PPP proporciona más flexibilidad para los trabajadores estacionales;
  • Ciertos prestatarios de PPP existentes pueden solicitar la modificación de su primer préstamo de PPP y
  • Algunos prestatarios existentes serán elegibles para solicitar un segundo préstamo de PPP.
    • Un prestatario generalmente es elegible para un segundo préstamo de PPP si el prestatario:
      • Recibió anteriormente un préstamo de PPP y ha utilizado o va a utilizar el total solo para usos autorizados;
      • No tiene más de 300 empleados; y Puede demostrar al menos una reducción del 25% en los ingresos entre trimestres comparables en el 2019 y el 2020.

The Shuttered Venue Operators (SVO) Grant program

Established by The Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act, signed into law on December 27, 2020. The program includes $15 billion in grants to shuttered venues, to be administered by the Small Business Administration’s Office of Disaster Assistance.

  • Eligible entities include:
  • Live venue operators or promoters
  • Theatrical producers
  • Live performing arts organization operators
  • Relevant museum operators, zoos and aquariums who meet specific criteria.
  • Motion picture theater operators
  • Talent representatives, and
  • Each business entity owned by an eligible entity that also meets the eligibility requirements.
  • Other requirements:
  • Must have been in operation as of Feb. 29, 2020.
  • Venue or promoter must not have received a PPP loan on or after Dec. 27, 2020.

Economic Injury Disaster Loan: OPEN FOR LOAN APPLICATIONS ONLY- ADVANCE IS UNAVAILABLE

To learn more about eligibility and to apply, click  here.

Relief Programs (note: information changes daily)

Arts, Culture, and Community Funding & Resources

HOSPITALITY

  • One Fair Wage Emergency Fund: Restaurant workers, gig workers and other hourly workers are facing unprecedented economic hardship from the coronavirus crisis.  It’s our turn to serve them. https://ofwemergencyfund.org/ https://ofwemergencyfund.org/ayuda
  • Another Round, Another Rally: $500 relief grants for hospitality workers who lost their jobs or had their hours slashed in the wake of the COVID-19 outbreak.

https://anotherroundanotherrally.org/

Spanish application: https://airtable.com/shrSKwUlE214l2hf4

  • Southern Smoke Emergency Relief Program provides emergency funding to those employed by or own restaurants or bars or are employed by a restaurant or bar supplier that are faced unforeseen expenses that cannot or will not be covered by insurance. We stand with those in our community and are committed to “taking care of our own”. https://form.southernsmoke.org/smoke/application/

 https://form.southernsmoke.org/smoke/application/spanish/

BEAUTY & WELLNESS

  • The PBA COVID-19 Relief Fund: Will provide $500 to licensed beauty professionals who are unable to work due to COVID-19. The funding, if awarded to you, is intended to be emergency aid for short-term immediate needs such as food and bills. https://www.probeauty.org/covid-relief-fund-application

VETERAN