Let your friends and neighbors know about your Throggs Neck BID area business or service. Email us at throggsneckbid@gmail.com and we will post your information on our website and Facebook page.
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Author: Frank V
The recently passed $2.2 trillion CARES Act includes a Small Business Administration Disaster Loan Program. Small Businesses impacted by the coronavirus can apply for low-interest disaster loans, a portion of which can potentially be forgiven. However, the application process can be confusing. But a member of our BID, John Cerini and his Bronx Tax Man firm can guide you through the process. Call 718-tax-1040 ask for John or Oscar. There is a fee for the service.
*Important Updates Due to COVID-19*
To help customers follow the City’s guidance to stay home as much as possible and practice social (physical) distancing to stop the spread of coronavirus (COVID-19), DCWP will NOT accept in-person visits but advises customers to use our online services available OR email the relevant Division for assistance. Learn more.
DCA is extending certain license expiration dates and renewal application deadlines. Read Does Your Consumer Affairs License Expire February through June 2020?: Important Update flyer in
English | Additional translations coming soon, please check back.
When do I need to renew my license?
Approximately three months before your license expires, DCA will mail you a license renewal package. View list of industries Consumer Affairs licenses and their expiration dates (in PDF). You must renew your license before it expires in order to continue operating your business and avoid fines.
How do I submit my renewal application?
| Online | By Mail or In Person |
|---|---|
| If you have not linked your account:Have your Record ID and PIN ready. This information is on your Renewal License Application.Register an account with the City of New York or LoginAfter you register/login, enter your Record ID and PIN to link your account to your DCA Records. Note: You need to submit only one Record ID and PIN to link all of your DCA license records.Select Access My Account from the blue Businesses – DCA box [see screenshot] and follow the instructions to submit your renewal application online.If you already linked your account: Login and scroll to the blue Businesses – DCA box to select Access My Account [see screenshot] to submit your renewal application online.Note: When submitting renewal application online, you must pay with a credit card (i.e., Visa, MasterCard, American Express, or Discover Card) and it is subject to a convenience fee.Read FAQs – Online Services | Use the enclosed return envelope to mail in your completed renewal application OR visit one of our two locations: DCA LICENSING CENTER 42 Broadway New York, NY 10004 Monday-Friday: 9:00 a.m.-5:00 p.m. | Wednesday: 8:30 a.m.-5:00 p.m.ORNYC SMALL BUSINESS SUPPORT CENTER 90-27 Sutphin Blvd, 4th Floor Jamaica, NY 11435 Monday-Friday: 9:00 a.m.-5:00 p.m.Note: You can pay by check or money order, payable to NYC Department of Consumer Affairs. Credit cards accepted at the DCA Licensing Center and NYC Small Business Support Center include Visa, MasterCard, American Express, or Discover Card. Credit card payments are subject to a convenience fee.Important: General Vendors cannot submit their renewals by mail. |
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What’s Open?
Annie Boller and Michelle Torrioni did a survey on April 8 of businesses that are currently open. Here’s the list:
HSBCCaribe RestaurantCitibank – 10-4 – crosbyTmobileMost Laundromats2875 Buhre Pavan Convenience StoreQuality Grill & Gyro – edisonS & D Deli – crosbyA-Z Grocery & Deli – crosbyLucky 3 deli grocery – crosbyLouie & Ernie’s – y’all know whereKeyfood – no special hours for elderlyPB Mini Market at PB StationPB Texas Chicken & BurgersPeghe’s Deli & Grocery by colonialWestchester Avenue Pharmacy 3227 west aveEmpire Bagels – y’all know wherePruzzo’sIzzy’sPilgrim PharmacyGreen Market – by george’s dinerZepperi Bakery – y’all know whereChase – Buhre – 9:30-4pm no saturdays3026 Buhre gourmet deli3056 buhre mini martTwo Brothers Pizza – 3039 buhreBuhre Fish Market – 3035Metro PCSNovelty Eats1749 crosby gourmet deliShamrock InnTotal Care PharmacyPeach PitVito’s DeliPelham DeliteWalgreensTheresa Gourmet Italian Ice & CafeSuper FoodtownMcdonalds – East Tremont Avenue(ETA)Fine Fare – etaDomino’s – etaBrewskie’sThroggs Neck Deli – corner of Randall/etaFabulous FlowersCVS – 3775 etaWillen Pharmacy – 3800A etaModern Fruit – 3822 etaBig Three LiquorBlue Store Deli – 3840 etaPatricia’s Restaurant of tremontET Food MartThroggs Neck Chicken & BurgersS & W Supermarket & DeliTommy’s PizzaThroggs Neck Discount CenterLawler Drug4101 Wines & LiquorEmilio’s Pizza – 3843 etaPay-o-maticCestra’sWalgreens – etaCousin’s PizzeriaManny’s DeliThroggs Neck PharmacyChase Bank – m-f 10-4Golden Star Gourmet DeliVintage Cellars Wine and Spirits7-11LaSalle BakeryCountry Club Wine & LiquorsJuices for LifeMama PueblaCarvelHardware – 3395 etaBoston MarketSpeedy Express deliFlowers by FrankieOrrico’s Italian Restaurant – 3019 Westchester Ave
| As you know, this is a rapidly changing situation and we are here to support you, whether you are a business owner or a jobseeker. Please see below for a roundup of new developments as of April 8, 2020. NYS On Pause has been extended until April 29, 2020, keeping schools and nonessential businesses closed for an additional two weeks. Financial assistance for businesses impacted by COVID-19 is now available through the U.S. Small Business Administration (SBA). SBA loans will be available on a first-come-first-served basis, so it is important to submit your application as soon as possible. You should reach out to the SBA for guidance on how any other financial awards could impact your SBA award. If you have questions related to the SBA programs, find a local SBA partner. More information here. |
| Economic Injury Disaster Loans and Loan Advance A low-interest, fixed rate loan up to $2 million Can be used to pay immediate expenses during an emergency (payroll, bills/accounts payable, fixed debts) Advance of up to $10,000 awarded within three days of application, which can be used keep employees on payroll, to pay for sick leave, meet increased production costs, or pay business obligations Learn more about the EIDL + Advance Click here |
| Paycheck Protection Program A low-interest, no fee, loan up to $10 million for small businesses, self-employed individuals, and others to help with cash flow and retain employees; if employers maintain payroll, a portion of the loan will be forgiven To apply, reach out to your existing bank and ask if they are a participating lender; if so, your bank can walk you through the application If your bank does not offer the program, reach out to a traditional SBA bank or contact your local SBA resource partners for more information Please note: If you use the proceeds from the NYC Small Business Continuity Loan Fund for payroll costs, it may compromise your ability to receive loan forgiveness from the SBA; please check with your local bank or SBA resource partner for guidance |
| Learn more about the PPP Click here . |
| SBA Express Bridge Loan Businesses with existing relationships with an SBA Express Lender can access up to $25,000 quickly. This loan can be used while applying for the EIDL loan This loan must be repaid in full or in part by proceeds from the EIDL loan |
| SBA Debt Relief As part of SBA’s debt relief efforts the SBA will automatically pay the principal, interest, and fees of current 7(a), 504, and microloans for a period of six months The SBA will also automatically pay the principal, interest, and fees of new 7(a), 504, and microloans issued prior to September 27, 2020 |
| Lastly, please note that scammers are targeting businesses with loan and grant fraud. Beware of phishing emails and robocalls, and double check any web addresses to make sure that they are associated with the correct government agency. For more information and quick tips, follow the NYPD Crime Prevention Division on Twitter using handle @nypdcpd. Additional Resources |
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TNMA Townhall
The Next Meeting is this Wednesday April 8th 2020 @ 2:00pm Sharp.
This is a simple reminder of the Weekly Town Hall Calls with the Throggs Neck Merchants Association. Our goal is to provide information for local businesses that may require some guidance as to the next steps. We are eager to listen what you concerns you may have going for you today and moving forward. Please share with follow business owners and ask them to join.
Meeting Agenda is mostly to help you understand the options available for you to fill out the forms for the available programs.
TNMA is inviting you to a scheduled Zoom meeting.
Topic: Throggs Neck Merchants Association – Town Hall – Video Conference
Time: Apr 8, 2020 02:00 PM
Every week on Wednesdays @ 2:00PM
Join Zoom Meeting via Video is here:
https://us02web.zoom.us/j/399734883
One tap mobile
+19294362866,,399734883# US (New York)
Phone Dial Option
+1 929 436 2866 US (New York)
Meeting ID: 399 734 883
The New York City Department of Finance offers several programs to assist
property owners who face hardships making their property tax payments. These include exemption programs to lower the amount of taxes owed, standard payment plan options as well as the new Property Tax and Interest Deferral (PT AID) program, for those who qualify.
“These are unprecedented times for New Yorkers, many of whom now find themselves struggling to make ends meet,” said Department of Finance Commissioner Jacques Jiha. “Through our programs, DOF hopes to ensure we do our part to help those who are struggling have one less burden to deal with as we work toward economic recovery.”
Standard Payment Plans
The Department of Finance offers flexible payment plans that are personalized to each property owner. Under a payment plan, property owners agree to pay the total amount owed over time instead of paying the full amount all at once. A payment plan will also prevent enforcement from occurring against a property.
DOF offers standard payment plans to owners of all properties. Standard payment plans require a down payment as low as zero dollars and can spread out the repayment of what is owed over a period that can be as long as ten years. While the payment plan is in effect, interest is charged on the outstanding balance and the property owner is required to pay newly occurring property taxes in full.
Property Tax and Interest Deferral program (PT AID)
Property owners who qualify for the Property Tax and Interest Deferral program can defer their property tax payments, or pay only a small percentage of their income, to ensure they stay in their home. The PT AID program defers property tax payments for a given length of time, depending on each applicant’s situation. Through the program, payment of property taxes can be deferred for a fixed length of time for a temporary hardship, or for a longer period due to a chronic hardship. The amount each property owner can defer paying is limited to a maximum of 25% of the owner equity of a one-, two-, or three-family home, or up to 50% of the equity of a condominium unit. The program is open to one-to three-family home and condominium owners who have fallen behind on their property tax payments.
Below are the three payment plan options:
• Extenuating Circumstances Income-Based (ECI) Plan
Homeowners experiencing extenuating circumstances can enter into a payment plan which limits their payments to a maximum 8% of their adjusted gross income while the hardship persists. The Department of Finance defines “extenuating circumstances” as involving the death or serious illness of a property’s owner or immediate family member, loss of income, or enrollment in the Department of Environmental Protection’s Water Debt Assistance Program.
Eligibility criteria:
o The property must be a one- to three-unit tax class 1 residential property, or a condominium.
o The property must have been the applicant’s primary residence for at least one year.
o Applicants must have a federal adjusted gross income (AGI) of $58,399 or less.
o Applicants must be able to document an extenuating circumstance such as the death or serious illness of a property’s owner or immediate family member, loss of income, or enrollment in the Department of Environmental Protection’s Water Debt Assistance Program.
• Low-Income Senior Plan Senior homeowners experiencing hardship can fully or partially defer payment of their delinquent and future property taxes for either a fixed or indefinite period of time. Property owners can choose to pay 0% (full deferral), 25%, 50%, or 75% of the delinquent and future property taxes.
Eligibility criteria:
o Property owner must be 65 or older.
o Property must be a one- to three-unit tax class 1 residential property, or a condominium.
o The applicant must have been using the property as their primary residence for at least one year.
o Applicants must have a federal adjusted gross income (AGI) of $58,399 or less.
• Fixed-Term Income-Based Plan
Property owners can enter into a payment plan which limits their payments to a maximum of 8% of their adjusted gross income. The plan may include only the delinquent amount or the delinquent amount plus charges projected to be due over the next year.
Eligibility criteria:
o The property must be a one- to three-unit tax class 1 residential property, or a condominium.
o The property must have been the applicant’s primary residence for at least one year.
o Applicants must have a federal adjusted gross income (AGI) of $58,399 or less. Applications and more information about property payment plan applications can be found here; information and the application for the PT AID program can be found here. Completed applications and supporting documentation for both standard payment plans and the PT AID program can be emailed to PTAID@finance.nyc.gov or mailed to:
Department of Finance
Payment Plans
59 Maiden Lane, 28th Floor
New York, NY 10038
In addition, the Department of Finance has an online payment plan calculator to help property owners estimate how much they would pay under the various potential terms of each plan. The tool uses applicants’ information about their property and income to help make the estimate.
New York City property taxes are administered by the NYC Department of Finance. Properties with assessed values less than $250,000 are billed quarterly, and the next payment is due on April 1. These property owners are entitled to a grace period allowing them to pay their balance free of interest until April 15. Properties with assessed values more than $250,000 are billed semi-annually and the next payment is due July 1. More information on property bills and payment dates can be found online HERE.
CONTACT: mirandamar@finance.nyc.gov, (212) 602-7032
Our local Congressional representative is sponsoring a forum on “How to Access EIDL & the Paycheck Protection Program for Small Businesses & Nonprofits” tomorrow from 7–8 pm. Sign up at https://www.mobilize.us/ocasiocortez/event/266225/
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Crosstown Diner is Open!
IS YOUR BUSINESS OPEN DURING THE COVID CRISIS? Let us know and we’ll post the information here! email us at throggsneckbid@gmail.com
You can still eat great during the Covid Crisis! The Crosstown Diner, (2880 Bruckner Blvd) with its great selections and delicious food, is open for both takeout and delivery. Call 718-597-3450, or order online at www.crosstowndiner.com.
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BOEDC COVID LOANS
The Bronx Overall development Corporation (BOEDC) and the Office of the Bronx Borough President have established the Bronx Business Continuity Loan (BBCL) with the goal of providing recovery financing to Bronx businesses. The BBCL was created to help sustain viable businesses during the Covid crisis.
The use of these funds will provide local emergency business financing and bridge loan funding until government contingency financing is in place.
Eligible companies include for-profit entities , including service, retail and manufacturing companies operating in The Bronx and nonprofit organizations located in The Bronx. (Schools and residential buildings are excluded)
Eligible uses include payroll expenses, commercial mortgage and rent, equipment lease payments, insurance premium expenses, miscellaneous business discontinuous expenses.
Loans are available for a minimum amount of $25,000 and a maximum of $100,000. The loan term is up to two years (24 months) at a 0% interest rate. First payment is due 90 days after funding.
There is a $25 application fee. A sample application is provided.
CONTACT RAFAEL ROGER AT 347-524-4739, EMAIL rroger@boedc.com, or Pedro Barry, 347-297-0071, EMAIL pbarry@boedc.com
Bronx Overall Economic Development Corporation Bronx Business Continuity Loan Application (Covid19-bbcl)
Date:_________
Company Information
Company Name___________________________________________________________________________________________
Address______________________________________________City_________________State________Zip________________
Principal in charge____________________________________ Cell Phone ( ) Email:___________________
Secondary contact person______________________ ________ Cell Phone ( ) Email:___________________
(In-house controller or bookkeeper)
Type of Business________________________________________________________Date established____________________
Business Tel: _____________________________________ Email:
_____________________________________
Type of entity (check one)
Other
Company Ownership
Proprietorship
Proprietorship
Partnership
Partnership
Partnership
Corporation
Corporation
Corporation
Corporation
LLC
LLC
LLC
LLC
LLC
Name________________________________________________ Title_________________________ % Ownership________
Name________________________________________________ Title_________________________ % Ownership________
Name________________________________________________ Title_________________________ % Ownership________
Do any of the individuals listed in the above management section
or any of their relatives have any current, former or anticipated relationship
(financial or personal) with any current or former employee or Board Member of
The Bronx Overall Economic Development Corporation (BOEDC)?
No
Yes
If yes, provide details: ___________________________________________________________________________________
1
Affiliate Business Partners (If Applicable)
Name________________________________________________ Owner________________________ %Ownership________
Name________________________________________________ Owner________________________ % Ownership________
Existing Business Locations
Address______________________________________________ Square Feet ________________ Lease Payment__________
Address______________________________________________ Square Feet ________________ Lease Payment__________
References:
Accountant ___________________________ Firm Name______________________________ Phone___________________
Attorney______________________________ Firm Name______________________________ Phone___________________
Nature of Your Business:
Nature of your business __________________________________________________________________________________________________________ __________________________________________________________________________________________________________ __________________________________________________________________________________________________________
Type of products or services (include any catalogs or brochures) ___________________________________________________
2
Business Financials
Is your business generating revenue?
No
How much per year? $________________________
How much do you need to borrow? $________________________
What will you use the Loan for?
__________________________________________________________________________________________________________
__________________________________________________________________________________________________________
__________________________________________________________________________________________________________
Principle Information
Name: _______________________________________________________________
Address: _____________________________________________________________
City: ___________________ State:________________________ Zip:___________________
Social Security #:___________________________ Phone: _______________________ Email:__________________ Permanent resident?
No
U.S. Citizen?
Yes
Yes
Yes
No
3
No Have you or your business ever filed for bankruptcy?
If yes, when? _____________________
Have you and your business filed taxes for the most recent year?
No
Are you or your business ever been in a collections/foreclosure?
No
Have you or your business ever been the subject of a litigation?
No
Do you or your business have any outstanding business or personal loans?
No
Number of credit cards or lines of credit ______________________ Estimated combined balance ___________________
If you answered yes to any of the above please provide an explanation for each on a separate sheet.
Breakdown of Loan Proceed Expenditures
Expense Type Amount $
Total
Credit History
Yes
Yes
Yes
Yes
Yes
4
Checklist
Business Information
Business Certificate (Sole Proprietorship)
Personal Information (for each owner of 20% or greater):
Personal financial statement (form attached)
For information and support in using this loan program please contact Loan Specialists:
Pedro Barry mailto:pbarry@boedc.org Mobile: (347) 297-0071
Or Rafael Roger mailto:rroger@boedc.org Mobile: (347) 524-4739
Send completed application and all supporting documents to:
Michael Nixon Credit Analyst mailto:mnixon@boedc.org Mobile (347) 297-0051
Brief history & description of business
Business Financial Statement for last 2 years
Interim financial statement dated within last 60 days
Business debt schedule (form attached)
Federal tax returns for last 2 years
Business License & Fictitious Business Name Statement (if proprietorship)
Personal tax returns for last 2 years
Articles of Incorporation & By-Laws (if Corporation)
• President:
• Secretary:
Articles of Organization & Operating Agreement (if LLC)
Partnership Agreement (if partnership)
Franchise Agreement
5
Authorization to Release Information I/We hereby authorize the release to Bronx Overall Economic Development Corporation of any information they may require at any time for any purpose related to my/our credit transaction with them. I/We further authorize the Bronx Overall Economic Development Corporation to release such information to any entity they deem necessary for any purpose related to my/our credit transaction with them.
I/We hereby certify that the enclosed information, including any attachments or exhibits provided here within or at a later date, is valid and correct to the best of our knowledge.
Name of applicant(s)______________________________________________________________
Signature of applicant(s)________________________________________________________Date__________
Name of applicant(s)______________________________________________________________________
Signature of applicant(s)_______________________________________________________Date_____________