We are committed to working with our borrowers who may be experiencing financial hardship as a result of the COVID-19 pandemic. We understand it may be difficult to make loan payments in full and/or on time, therefore we are deferring loan payments for 60 days, with no late fees or negative impact on your credit.
Like you, we are uncertain as to the extent of the current business interruption. However, you can rest assured that we remain committed to offering assistance.
As always, thank you for being a loyal client. We will remain focused on the well-being of our community. We will also continue to keep you informed of additional resources, including grants, that may come available during the COVID-19 pandemic in order to best support you.
Grants/Fund
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Alice ‘Business for All’ Grants. Apply by September 25, 2020
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CFDA’s A Common Thread Grant. Second Round Application: April 20 to May 3
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Greater Harlem Chamber of Commerce, NAACP and Columbia Launch Community Relief Fund
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Small Business Grants: 21 Best Places for Free Money in 2020
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Spanx the Red Backpack Fund. The portal will open for applications on May 4, June 1, July 6, and August 3
Loans
Financial Support Resources
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Bacardi Limited Commits $3 Million to Support the Bar and Restaurant Industry
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Blackstone Contributes $15 Million to COVID-19 Efforts in New York
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Coronavirus Emergency Loans Small Business Guide and Checklist
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Goldman Sachs Commits $300 Million to Support Communities and Small Business
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U.S Small Business Administration Coronavirus (COVID-19): Small Business Guidance & Loan Resources
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Yelp Relief for restaurants and bars impacted by the Coronavirus
Business Support Services
Business Resources
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Guide for Business Owners - Tips for Addressing Changes in Customer Behavior Due to the Coronavirus (COVID19)
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Guidance on Essential Services Under The 'New York State on PAUSE' Executive Order
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The Acceleration Project Free Services to Small Business Community