Hudson Valley AgriBusiness Development Corp

COVID-19 Resources

Our office is closed but the HVADC staff are working remotely and are available to assist you. Please email info@hvadc.org if you need assistance.

We will keep this page updated with new information and opportunities as they become available.

Last updated: 01/08/21

Funding Resources NYS/Local Resources Federal Resources

Funding Resources:

SBA and Treasury Announce PPP Re-Opening; Issue New Guideance

The SBA has announced that the Paycheck Protection Program (PPP) will open the week of January 11 for new borrowers and certain existing PPP borrows. Initially, only community financial institutions will be able to make First Draw PPP Loans on Monday, January 11, and Second Draw PPP Loans on Wednesday, January 13. The PPP will open to all participating lenders shortly thereafter. The eligibility and flexibility for First Draw PPP loans has been modified since the first round, and a set of criteria developed for Second Draw PPP Loans.

Top line guidance for both programs may be found at:

https://home.treasury.gov/policy-issues/cares/assistance-for-small-businesses?fbclid=IwAR16-2fNwcldfbtJ68QEWaOAvwx---_0tCUDfvq_f-9W4PHL3RGOF1OlQ4U

Original Release: https://www.sba.gov/article/2021/jan/08/sba-treasury-announce-ppp-re-opening-issue-new-guidance

New York Forward Loan Fund (NYFLF)

New York Forward Loan Fund (NYFLF) is a new economic recovery loan program aimed at supporting New York State small businesses, nonprofits and small landlords as they reopen after the COVID-19 outbreak and NYS on PAUSE. It targets state’s small businesses with 20 or fewer full-time equivalent (FTE) employees. NYFLF is providing working capital loans so that small businesses have access to credit as they reopen. They are available to businesses that did not receive a loan from either the U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP) or SBA Economic Injury Disaster Loans (EIDL) for COVID-19 in 2020.

Visit https://esd.ny.gov/nyforwardloans-info for information.

SBA EIDL Advance/Loan

The Economic Injury Disaster Loan (EIDL) and EIDL Advance/Loan portal reopened May 4, 2020 at 12:00pm for farms only. The re-opening of the portal is for agricultural businesses that were previously ineligible for the program. New non-agricultural business applications will not be accepted.The portal will be opened for a limited period, and it is recommended that you apply as soon as possible.

https://www.sba.gov/funding-programs/disaster-assistance

If you have already applied under the streamlined application (March 30th to program closure), there is no need to re-apply.

Agricultural Businesses Defined:

source: Cornell Cooperative Extension

Agricultural businesses includes those businesses engaged in the production of food and fiber, ranching, and raising of livestock, aquaculture, and all other farming and agricultural related industries (as defined by section 18(b) of the Small Business Act (15 U.S.C. 647(b)). SBA is encouraging all eligible agricultural businesses with 500 or fewer employees wishing to apply to begin preparing their business financial information needed for their application.

If you are unfamiliar with the EIDL program, we included it in a recent fact sheet https://bit.ly/3eW0inq.

Here is a chart summarizing the differences between te EIDL and PPP

Economic Injury Disaster Loans for Farmers/Ranchers Affected by COVID-19 | Farm Commons

Farmers and ranchers are now eligible for Economic Injury Disastor Loans (EIDL) through the Small Business Administration (SBA), as of Friday April 24th, 2020, . The EIDL program provides an emergency grant of up to $10,000 for small businesses suffering a loss of revenue because of COVID-19. In this tutorial, we discuss the specifics of eligibility and how to submit an application through the SBA. Issues with how the program has performed over the past few weeks will also be in the discussion, as well as how EIDL works with other relief options. This is a valuable opportunity, especially for farms unable to receive a Paycheck Protection Program forgivable loan.

https://farmcommons.org/economic-injury-disaster-loans-farmersranchers-affected-covid-19

Additional helpful links:

Presentation on Small Business Administration's guidance for applying to EIDL: https://www.sba.gov/sites/default/files/resource_files/EIDL-BDO_Presentation_March_26_0.pdf

Free video tutorial on how to fill out the EIDL application (incl. forms needed based on business structure): https://vimeo.com/399334577

US Small Business Administration

https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources

Paycheck Protection Program (PPP) Explained

SBA Website

https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program

Navigating the Payroll Protection Program

COVID 19 support via The Carrot Project

NYS/Local Resources:

Horticulture Now Included in Statewide Reopening

Horticulture operations may now be fully open for business, but MUST follow both the interim guidance and the guidance for non-food agriculture production found HERE

New Guidance on Reopening Horticulture Business by Region - (even if already open!)

Phase One begins May 15 and is allowed in Southern Tier, Finger Lakes, Mohawk Valley and North Country regions at the moment. The map for the regions is here: https://esd.ny.gov/regions. For more information click HERE

Protect Yourself and Your Family from Coronavirus (COVID-19)

https://coronavirus.health.ny.gov/protect-yourself-and-your-family-coronavirus-covid-19

Protect Yourself Signage English (pdf) Spanish (pdf) Additional languages available in above link

Interim Guidance for Cleaning & Disinfection of Food Manufacturing Facilities or Food Retail Stores for COVID-19

https://coronavirus.health.ny.gov/system/files/documents/2020/03/cleaningfoodstorescovid-19.pdf or DOWNLOAD