Tag Archives: sba

Small business advocates push for new Queens development center


| mchan@queenscourier.com

THE COURIER/Photo by Melissa Chan

Queens needs another small business development center, but one with flexible hours staffed with “culturally competent” workers, advocates and lawmakers said Tuesday. 

The borough currently has two heavily-used centers, one in Long Island City’s LaGuardia Community College and another in Jamaica’s York College.

Advisers give free consultations and offer low-cost training at the centers, which are partially funded by federal Small Business Administration (SBA) funds.

But minority and immigrant owners struggle too much with language barriers at the existing sites to benefit from the services, small business owners and advocates said. And conflicting work hours are a huge deterrent.

“These centers run regular hours. But when you’re a business, you work 80 hours a week,” said Bill Imada, co-founder of the Asian Pacific Islander American Chamber of Commerce.

Imada and a panel of small business advocates urged the SBA to fix its outreach to minority owners during a Congressional Subcommittee on Contracting and Workforce hearing held at Queens College.

Local shop owners and Congressmember Grace Meng, who held the rare field hearing, said underserved areas like Flushing need help from staff members who speak mostly Chinese, Korean and Spanish.

“The other locations are very inconvenient for us in Flushing,” said Zhejiang Chamber of Commerce President Howard Dai. “It would give small business owners easier access, and information would spread word of mouth.”

Businesses can shut down when its owners, seeking aid, are turned away due to bad translations, said Joyce Moy, the executive director of the Asian and Asian-American Research Institute at CUNY.

“A third center in Queens, particularly with Asian and Hispanic language capacities, is urgently needed,” Moy said. “Without competence in culture, language and technical support, all of this outreach is nothing but false promises.”

The SBA’s acting chief of staff, Michele Chang, said the administration would implement more training and urged business owners to get virtual help using the SBA’s online learning center.

“We understand that being a small business owner is a hard job,” Chang said. “You work all hours of the day. It’s your lifeblood.”

 

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NY extends deadline for FEMA disaster assistance programs


| ctumola@queenscourier.com

File photo

An additional extension has been granted for two government programs that financially help Sandy survivors in New York State, announced Governor Andrew Cuomo.

Anyone living in New York City and Long Island, or the counties of Westchester, Orange, Putnam, Rockland, Ulster and Sullivan who suffered losses from the storm, including rent, essential home repairs and personal property losses may be eligible for grants from the Federal Emergency Management Agency (FEMA) will have until April 13 to register for FEMA assistance.

The previous deadline was March 29.

Survivors also have until April 13 to register with the Small Business Administration (SBA) for low-interest disaster loans.

Homeowners that apply may be eligible for up to $200,000 to repair or replace damages to their primary residence, and renters can receive up to $40,000 for replacement of personal property. Additionally, businesses and private nonprofits may be able to borrow up to $2 million for repairs and replacement of property.

To register with FEMA, visit www.DisasterAssistance.gov or call the FEMA Helpline at 800-621-3362 from 7 a.m. to 10 p.m. EST, seven days a week.

To apply for a SBA loan, visit DisasterLoan.SBA.

 

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Sandy aid deadlines extended for FEMA grants, SBA loans


| ctumola@queenscourier.com

File photo

The deadlines for two government programs to financially help Sandy survivors in New York State have been extended until March 29.

Anyone living in New York City and Long Island, or the counties of Westchester, Orange, Putnam, Rockland and Sullivan who suffered losses from the storm, including rent, essential home repairs and personal property losses may be eligible for grants from the Federal Emergency Management Agency (FEMA).

Even if a person has insurance, they should register with FEMA by the deadline in case they later find out their losses are not fully covered.

Survivors can also register with the Small Business Administration (SBA) for low-interest disaster loans.

Homeowners that apply may be eligible for up to $200,000 to repair or replace damages to their primary residence, and renters can receive up to $40,000 for replacement of personal property. Additionally, businesses and private nonprofits may be able to borrow up to $2 million for repairs and replacement of property.

To register with FEMA, visit www.DisasterAssistance.gov or call the FEMA Helpline at 800-621-3362 from 7 a.m. to 10 p.m. EST, seven days a week.

To apply for a SBA loan, visit DisasterLoan.SBA.gov/ELA.

 

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Business owners get help after Sandy


| tcullen@queenscourier.com

THE COURIER/Photo by Terence M. Cullen

With some of their shops damaged or destroyed by Superstorm Sandy and unsure where to go for help, business owners were finally able to find out what options are available to them.

Several agencies set up camp at Resorts World New York City on Friday, November 16 to help owners of south Queens get the money they need to reopen. They included New York Business Solutions, the Department of Labor, and the Rockaway Development and Revitalization Corporation.

The Small Business Administration (SBA) also had a table at the forum and had a list of relief options available to proprietors. Mark Randle, a public information officer for the SBA, said that there were several loan options available at rates as low as 1.69 percent with repayment periods as long as 30 years.

Randle encouraged those who lost some or most of their business to apply. Business owners become eligible for more grants by applying for an SBA loan, he said.

“I can’t urge you strongly enough to go through the process and apply,” he said.

And while many shops and businesses were damaged by Sandy, others may have suffered only economic damage because power had been shut off. SBA has working capital loans for business owners to accommodate these needs.

The deadline to apply to these SBA loans is 60 days after the storm struck the area.

Nicola Campbell, who opened her restaurant, Chef Mom Grill & Bakery in the Rockaways less than a year ago, had a significant amount of damage because of the storm. A wall in the eatery was severely damaged, Campbell said, and most of the equipment in the restaurant had been destroyed.

The single mom of three said she didn’t have flood insurance, only general liability insurance on the restaurant. Because she had been open for less than a year, she thought she had few loan alternatives. But after sitting down with an SBA representative, Campbell had a few options to get her business back up and running.

“As soon as I get home, I will be on top of this because I really do need it,” she said. “This is my only income.”

And although there is a long road ahead for many business owners, some were reassured that there’s always a light at the end of the tunnel.

Harry Wells, director of CUNY York’s Small Business Development Center and the panel’s moderator, told owners that, while things may seem bad right now, there are possibilities and there is promise down the road.

“I’m not trying to belittle the situation,” he said. “But a lot of the times, there’s gold at the end of the rainbow.”