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NEW YORK STATE COVID-19 PANDEMIC SMALL BUSINESS RECOVERY GRANT PROGRAM




EMPTY HEADING

PLEASE NOTE: Lendistry is the sole entity designated as the Administrator of the
New York State COVID-19 Pandemic Small Business Recovery Grant Program (the
“Program”). This site (nysmallbusinessrecovery.com) and other websites available
on or through this site (the “Designated Sites”) are the only approved websites
designated for the administration of the Program. Any other website purporting
to administer or otherwise act as an Administrator in connection with the
Program may be fraudulent. As such, you should exercise caution and avoid
providing any information (personal or otherwise) in connection with the Program
on or through any website other than the Designated Sites. Further, neither
Lendistry nor any of its partners will charge any fees to apply for a grant
under the Program and we recommend that you avoid any third-parties purporting
to charge fees for you to apply.




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OVERVIEW



The New York State COVID-19 Pandemic Small Business Recovery Grant Program was
created to provide flexible grant assistance to currently viable small
businesses, micro-businesses and for-profit independent arts and cultural
organizations in the State of New York who have experienced economic hardship
due to the COVID-19 pandemic.  


GRANT AMOUNTS



Grant awards will be calculated based on a business’s annual gross receipts for
2019 (see below for more information). Grant amounts and calculations are
subject to change by Empire State Development.

 

 * Annual gross receipts: $25,000 – $49,999.99: Award is $5,000 / business
 * Annual gross receipts: $50,000 – $99,999.99: Award is $10,000 / business
 * Annual gross receipts: $100,000 – $2,500,000 [UPDATED 08.25.21]: Award is 10%
   of gross receipts (maximum grant is $50,000)


ELIGIBILITY




ELIGIBLE BUSINESS QUALIFICATIONS

Small businesses, Micro-businesses, and For-profit independent arts and cultural
organizations (collectively, “Eligible Applicants”) must be currently viable and
have begun operation on or before March 1, 2019, and continue to be in operation
as of the date of application (maybe shuttered due to COVID restrictions). See
the FAQ section below for definitions of business categories above.

Eligible Applicants will be required to show loss of gross receipts as a result
of the COVID-19 pandemic or compliance with COVID-19 health and safety protocols
which resulted in business modifications, interruptions, or closures.

Small businesses and Micro-businesses must:

1. Have 2019 or 2020 Gross Receipts of between $25,000 and $2,500,000 [UPDATED
08.25.21] per annum

 * line 1a, IRS Form 1120 or 1065;
 * line 1, IRS Form 1040 Schedule C
 * sum of line 1a + line 2, IRS Form 1040 Schedule F

2. Demonstrate positive net profit on 2019 Business Return ($1 or greater)

 * line 28, IRS Form 1120 (line 21, IRS Form 1120S);
 * line 22, IRS Form 1065; or
 * line 31, IRS Form 1040 Schedule C; or
 * line 34, IRS Form 1040 Schedule F

3. Demonstrate at least a twenty-five percent (25%) loss in annual gross
receipts in a year-to-year revenue comparison as of December 31, 2020 to the
same period in 2019, in each case, as reflected on Grantee’s 2019 and 2020 filed
federal tax returns,  including any 2020 Pandemic Unemployment Assistance,
Federal Pandemic Unemployment [UPDATED 08.25.21].

 * Loss to be calculated based on the difference between line 1a on IRS Form
   1120 or 1065 (line 1 on IRS Form 1040 Schedule C), or the sum of line 1a +
   line 2 on IRS Form 1040 Schedule F reported on 2019 federal tax return and
   line 1a on IRS Form 1120 or 1065 (line 1 on IRS Form 1040 Schedule C), or the
   sum of line 1a + line 2 on IRS Form 1040 Schedule F reported on the 2020
   federal tax return (in each case covering the same period). The calculated
   value must show a reduction of 25% year over year. Businesses with a partial
   tax year in 2019 will calculate a 25% loss based on the comparable number of
   months in 2020.

4. Demonstrate that the total business expenses on the 2020 business income
return are greater than the grant amounts.

 * Total expenses calculation versus proposed grant amount will be based on
   business expenses reported on 2020 federal tax return submitted by the
   applicant.

5. Not have qualified for business grant assistance programs under the federal
American Rescue Plan Act of 2021 or any other available federal COVID-19
economic recovery or business assistance grant programs, including loans
forgiven under the federal Paycheck Protection Program, or are unable to obtain
sufficient business assistance from such federal programs.

 * Eligible Applicants may have received or been awarded the following federal
   assistance:
 * Paycheck Protection Program loans totaling $250,000 [UPDATED ON 08.25.21] or
   less.
 * COVID-19 EIDL Advance Grant of $10,000 or less.
 * COVID-19 EIDL Supplemental Targeted Advance Grant of $5,000 or less.
 * SBA Shuttered Venue Operator Grant.


INELIGIBLE BUSINESSES

 * All Non-Profits, Churches and other religious institutions
 * Government-owned entities or elected official offices
 * Businesses primarily engaged in political or lobbying activities
 * Businesses that received awards from the SBA Restaurant Revitalization Grant
   Program
 * Landlords and passive real estate businesses
 * Illegal businesses or enterprises
 * Other industry or business types as specified by Empire State Development


ELIGIBLE USE OF GRANT FUNDS

The grants must be used for COVID-19 related losses or expenses incurred between
March 1, 2020 and April 1, 2021.  These include:

 * Payroll costs
 * Commercial rent or mortgage payments for NYS-based property (but not any rent
   or mortgage prepayments)
 * Payment of local property or school taxes associated with a small business
   location in NYS
 * Insurance costs
 * Utility costs
 * Costs of personal protection equipment (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 as approved by Empire State Development


INELIGIBLE USES OF FUNDS

 * Grants awarded under the program may not be used to re-pay or pay down any
   portion of a loan obtained through a federal COVID-19 relief package for
   business assistance or any New York State business assistance programs.


ADDITIONAL INFORMATION

 * Eligible Applicants must provide evidence, acceptable to New York State that
   the Eligible Applicant is operational and that the Eligible Applicant is not
   restricted by any state, local or other agency mandate.
 * Due to a limited amount of funding and the high volume of requests expected,
   your business type, geography and industry may factor into your ability to
   receive a grant.
 * Priority will be given to socially and economically disadvantaged business
   owners including, but not limited to, people with disabilities,
   service-disabled veteran-owned businesses, and veteran-owned businesses, or
   businesses located in communities that were economically distressed prior to
   March 1, 2020, as determined by the most recent Census data.


APPLICATION GUIDE



ALL GUIDES BELOW ARE PRECISE TRANSLATIONS OF THE PROGRAM AND ARE MORE ACCURATE
THAN THE GOOGLE WEB TOOL TRANSLATED CONTENT.


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APPLICATION CERTIFICATION

Download Certification

Certfication Text for Reference


REQUIRED DOCUMENTS


h


PROOF OF GROSS RECEIPTS LOSS OR OTHER ECONOMIC HARDSHIP

2019 and 2020 Business Income Tax returns. Note: full and complete, unaltered
federal tax
returns for each year are required (including all schedules and statements).

 * For corporations and LLCs – include IRS Form 1120
 * For partnerships – include IRS Form 1065 and Schedule K-1
 * For sole proprietors – include IRS Form 1040 Schedule C
 * For sole proprietor farming businesses – include IRS Form 1040 Schedule F
 * Completed IRS Form 4506-C




PROOF OF BUSINESS ORGANIZATION

One of the following:

 * * * * Current Business License
       * Current Business Certificate
       * Certificate of Organization
       * Certificate of Assumed Name (DBA)
       * NYS Certificate of Authority
       * Articles of Incorporation
       * NYS municipality issued document showing authorization to operate in
         NYS




PROOF OF BUSINESS LOCATION AND CURRENT OPERATION

Two of the following documents:

 * * * * * Current lease
         * Utility bill
         * Current business bank statement
         * Current business mortgage statement
         * Business credit card statement
         * Professional insurance bill
         * Payment processing statement
         * NYS ST-809 or ST-100 sales tax collection documentation.




SCHEDULE OF OWNERSHIP

Listing of names, addresses, Social Security numbers (or, for non-US owners,
Individual Taxpayer Identification Numbers), phone numbers, e-mails, percentage
ownership, and photo ID for any owners with 20% or more ownership of the
business.






PROOF OF NUMBER OF EMPLOYEES

Most recently submitted NYS-45 document for employer firms.




FOR FUNDS DISTRIBUTION

W-9 and bank account information

 


HAVE QUESTIONS? PLEASE VISIT OUR FAQ

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