NY Small Business Grant Program

[AsherO]

As per the underwriter please provide prof that the business operates in NYC for us to move forward.


How would a travel agent prove this? Clients are from NYC

How do you get paid? Billing addresses on credit cards? Office location? Merchant account/bank account physical address?

[oldguy]

Due to the overwhelming response, the application for the NYC Small Business Resilience Grant has been paused until further notice.

Applicants that began applications should complete their application as soon as possible. The grant will be available to eligible businesses while funding is available.

Any Update if this will ever open again? or funding was used up?

[cgr]

NY is having a hard time distributing the $800MM allocated to the NY Small Business Recovery Grant Program, so they removed the 2019 net profit requirement. You can now apply even if you showed a net loss in 2019- all other eligibility requirements still apply.

[dealsrus]

NY is having a hard time distributing the $800MM allocated to the NY Small Business Recovery Grant Program, so they removed the 2019 net profit requirement. You can now apply even if you showed a net loss in 2019- all other eligibility requirements still apply.

Just to clarify is this what was removed "Have 2019 or 2020 Gross Receipts of between $25,000 and $2,500,000" ?

[TBD]

Just to clarify is this what was removed "Have 2019 or 2020 Gross Receipts of between $25,000 and $2,500,000" ?

On July 21, 2022 the rules were again amended so that 2019 net profit is no longer required to qualify.

http://chaiplus1.com/news/ny-recovery-grant/

Thanks @cgr for this great update
@Dan this could use a post as thousands of businesses in NY probably became eligible

[TBD]

On the certification documents they still didn't remove it....

(b) Applicant’s business generated a positive net profit in 2019, as reflected on Applicant’s
2019 filed federal tax return;

[cgr]

Requirements have been updated: no sales reduction needed to qualify!
Applications close on Sep 30.

Funds will run out quickly.

[cgr]

Requirements have been updated: no sales reduction needed to qualify!
Applications close on Sep 30.

Funds will run out quickly.

Opinion: this is a ridiculous move that will cause a run on the remaining funds and can in no way satisfy all applying businesses.

[sruly101]

from applying how long does it take to get response or approval

[Abebee]

from applying how long does it take to get response or approval

I got instantly not approved.

Thank you for applying for the New York State Seed Funding Grant Program.
 
Unfortunately, your application does not meet the Program’s minimum eligibility requirements and is ineligible to receive a New York State Seed Funding grant due to the following reason(s):
 
Applicant did not incur at least $5,000 in expenses directly related to the COVID-19 pandemic

[cgr]

I got instantly not approved.

Thank you for applying for the New York State Seed Funding Grant Program.

Different program
https://forums.dansdeals.com/index.php?topic=130664.0

[Abebee]

Different program
https://forums.dansdeals.com/index.php?topic=130664.0

Yes, this one.

[sruly101]

I got instantly not approved.

Thank you for applying for the New York State Seed Funding Grant Program.
 
Unfortunately, your application does not meet the Program’s minimum eligibility requirements and is ineligible to receive a New York State Seed Funding grant due to the following reason(s):
 
Applicant did not incur at least $5,000 in expenses directly related to the COVID-19 pandemic

I just applied and says Application Submitted.

Where was this even asked for? Applicant did not incur at least $5,000 in expenses directly related to the COVID-19 pandemic

[sillypainter]

They need to change the PDF attestation form wording. I can't sign it. I did not have reductions.

https://nysmallbusinessrecovery.com/wp-content/uploads/2021/08/NYS_Application-Certification-Lendistry-8.25.21-FILLABLE.pdf

[cgr]

They need to change the PDF attestation form wording. I can't sign it. I did not have reductions.

https://nysmallbusinessrecovery.com/wp-content/uploads/2021/08/NYS_Application-Certification-Lendistry-8.25.21-FILLABLE.pdf

Good luck. They didn't change it after the last rule change either. I'd say either don't sign that lign or add a note.

[cgr]

I just applied and says Application Submitted.

Where was this even asked for? Applicant did not incur at least $5,000 in expenses directly related to the COVID-19 pandemic

Again, different program. Best to keep threads separate so it doesn't get more confusing.

[cholent]

If PPP was used for payroll (but less than 250k) can they still be used to qualify for this grant or is that just wishful thinking and double dipping?

[TBD]

If PPP was used for payroll (but less than 250k) can they still be used to qualify for this grant or is that just wishful thinking and double dipping?

http://chaiplus1.com/news/ny-recovery-grant/


Use of Funds:

The grant can be used to offset loss of income or costs incurred due to the pandemic. Losses or expenses must have been incurred between March 1st, 2020 and April 1st, 2021. These include:

Payroll costs
Commercial rent or mortgage payments for NYS-based property (prepayments are not eligible)
Payment of local property or school taxes associated with a small business location in NYS
Insurance costs
Utility costs
Costs of PPE necessary to protect worker and consumer health and safety
Heating, ventilation, and air conditioning (HVAC) costs
Other machinery or equipment costs
Supplies and materials necessary for compliance with COVID-19 health and safety protocols
Other documented COVID-19 costs

[shulemw]

I applied yesterday and got denied for not having a loss 2020 vs 2019. So....

[Shua]

I applied yesterday and got denied for not having a loss 2020 vs 2019. So....

Same.

Thank you for applying for the New York State COVID-19 Pandemic Small Business Recovery Grant administered by Empire State Development (ESD) and powered by Lendistry.

Unfortunately, your application did not meet the eligibility criteria for this program because of the following reason:

Loss less than allowed

Did they not update their own criteria?