Resources, Funding, and Banking for Businesses During the COVID-19 Pandemic
Editor's note:
The 125th Street BID provided this update via their "Harlem Happenings Newsletter" on March 24, 2020.
March 25, 2020
Image courtesy of 125th Street BID
Business activity has come to a halt as we know it due to the impact of coronavirus. Business owners that we speak to are facing operational and revenue generating challenges while at the same time trying to comply with the Essential Business Executive Order. This update provides resource information we have received that may be helpful. More information can be found on the 125th Street BID website.
Response From Government, Philanthropy, and Universities
Loans, Grants, Procurement, Moratoriums
Response From Government and Philanthropy, Universities (Loans, Grants, Procurement, Moratoriums)
- Who
- New York City Department of Small Business Services
- What
- Pre-application for Small Business Continuity Loan Fund Employee NYC Employee Retention Grant Program
- Who
- New York City Economic Development Corporation
- What
- COVID-19 Emergency Supply Sourcing & Manufacturing
- Who
- New York Community Trust
- What
- NYC COVID-19 Response and Impact Fund to support New York City-based social services and arts and cultural organizations
- Who
- New York State
- What
- Procurement Form
- Who
- US Small Business Administration
- What
- Economic Injury Disaster Loan Program
- Who
- US Small Business Administration
- What
- Disaster Loan Assistance
- Who
- US Housing Urban Development
- What
- Foreclosure Moratorium for Homeowners
- Who
- US IRS
- What
- Coronavirus Tax Relief
- Who
- Columbia University
- What
- Retail Assistance
Essential Businesses and Economic Impact of Coronavirus
Essential Businesses and Economic Impact of Coronavirus
- Who
- New York State
- What
- Essential Business Classification
- Who
- New York State
- What
- Guidance on Essential Services Under The 'New York State on PAUSE' Executive Order
- Who
- New York City Comptroller Scott M. Stringer
- What
- Economic Impact of COVID-19 on New York City
Response From Essential Finance Businesses in the BID Boundaries
Customers continued to need essential banking services. The list below includes financial institutions located within the BID boundaries, a summary of policy adjustments and links to more information.
Response from Essential Finance Businesses in the BID Boundaries
- Who
- Chase Bank (55 & 350 West 125th Street)
- What
- Payments deferred, fees waived, credit lines increased
- Who
- Industrial Bank Harlem (382 West 125th Street)
- What
- Temporarily closed until further notice. On-line banking services available.
- Who
- TD Bank (300 & 100 West 125th Street)
- What
- Details for customers by location
- Who
- Capital One Bank (301 West 125th Street)
- What
- Fee suppression and minimum payment assistance
- Who
- Bank of America (215 West 125th Street)
- What
- Waives fees, defers payments on credit cards, mortgages and auto loans
- Who
- Popular Community Bank (231 West 125th Street)
- What
- Introducing Alternating Weekday Schedules
- Who
- Citi Bank (201 West 125th Street)
- What
- Temporary relief for cardholders
- Who
- Carver Bank (75 West 125th Street )
- What
- Use online banking; Carver accounts may be accessed 24/7 by using the online portal found or the Carver Mobile App.
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