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"Oyster Bay has an incredibly rich heritage and a very distinctive charm... Through OBMSA's valuable community outreach and revitalization initiatives, Oyster Bay's future looks very bright." - Bernadette Castro, Former NYS Historic Preservation Officer
Attention: Community & Business Resources in light of COVID-19
Oyster Bay - East Norwich Chamber of Commerce has put together the following website to highlight important information regarding our local community and businesses: Community Resources
ATTN BUSINESS OWNERS - FREE LEGAL ADVICE
Companies struggling to navigate the coronavirus crisis are turning to their attorneys and other business advisers with questions. To help provide answers, Campolo Middleton & McCormick set up a free hotline, where businesses – whether CMM clients or not – can send any questions or concerns they have relating to the impact of the COVID-19 pandemic on their business.
There is a dedicated email address, coronarelief@cmmllp.com, which will be constantly monitored and routed to the appropriate CMM attorney, who will promptly follow up with guidance at NO CHARGE. Questions may also be directed to (631) 738-6781.
BUSINESS OWNERS - CODVID-19 DISASTER RELIEF PROGRAMS
SBA DISASTER LOAN PROGRAM: YOU WILL BE APPLYING FOR ECONOMIC INJURY – (EIDL)
https://disasterloan.sba.gov/ela
PROGRAM DETAILS
BASIC FILING REQUIREMENTS
OTHER INFORMATION THAT MAY BE REQUESTED
These forms/documents will likely be requested at some point in the application process. If you have an opportunity to upload them onto the online platform during this process, you may do so. This can save you time.
HELPFUL TIPS:
Keep these documents saved where you can easily access them. Other programs that may become available will likely ask you for these same documents.
Companies struggling to navigate the coronavirus crisis are turning to their attorneys and other business advisers with questions. To help provide answers, Campolo Middleton & McCormick set up a free hotline, where businesses – whether CMM clients or not – can send any questions or concerns they have relating to the impact of the COVID-19 pandemic on their business.
There is a dedicated email address, coronarelief@cmmllp.com, which will be constantly monitored and routed to the appropriate CMM attorney, who will promptly follow up with guidance at NO CHARGE. Questions may also be directed to (631) 738-6781.
BUSINESS OWNERS - CODVID-19 DISASTER RELIEF PROGRAMS
SBA DISASTER LOAN PROGRAM: YOU WILL BE APPLYING FOR ECONOMIC INJURY – (EIDL)
https://disasterloan.sba.gov/ela
PROGRAM DETAILS
- Must be experiencing a business loss due to COVID-19
- Entities may qualify for loans up to $2million
- Maximum unsecured loan amount is $25,000.00
- Interest rates: 3.75 for small business. 2.75% for Not for profit
- Term – up to 30 years
- Use of funds: working capital, pay fixed debts, payroll, account payable, other bills that could have been paid had the disaster not occurred.
- Loans are NOT intended to replace lost sales or profits or for expansion.
- There is no obligation to take the loan if offered.
- Applicants can have an existing SBA Disaster loan or other SBA loan and still qualify for EIDL for this disaster, LOANS CANNOT BE CONSOLIDATED
BASIC FILING REQUIREMENTS
- Completed SBA loan application – SBA form 5 (for sole proprietors / home based businesses you will fill out Form 5c)
- IRS Form 4506-T completed and signed by Applicant business, each principal owning 20% or more of the applicant business, each general partner or managing member and, for any owner who has more than a 50% ownership in an affiliate business. (Affiliates include parent company, subsidiaries, and/or businesses with common ownership or management).
- Completed copies of the most recent Business Federal Income Tax return – all pages
- Schedule of Liabilities (SBA form 2202 )
- Personal Financial Statement (SBA form 413 ) - each principal owning 20% or more of the applicant business, each general partner or managing member.
OTHER INFORMATION THAT MAY BE REQUESTED
These forms/documents will likely be requested at some point in the application process. If you have an opportunity to upload them onto the online platform during this process, you may do so. This can save you time.
- Complete copy, including all schedules, of the most recent personal Federal income tax returns for each principal owning 20% or more of the applicant business, each general partner or managing member, and each affiliate (Affiliates include parent company, subsidiaries, and/or businesses with common ownership or management).
- If you do not have 2019 business tax return completed: submit year end profit and loss statement and balance sheet for 2019.
- Current year to date profit and loss statement and balance sheets
- SBA form 1368
HELPFUL TIPS:
Keep these documents saved where you can easily access them. Other programs that may become available will likely ask you for these same documents.
Recent Events and Developments...
Townsend Park Renovation!
In cooperation with the Town of Oyster Bay and local merchant Main Street Nursery, the Oyster Bay Main Street Association is pleased to announce the renovation of the public park in between the historic Oyster Bay Post Office and the historic Oyster Bay Town Hall known as Townsend Park.
A once great focal point of our downtown, the bandstand and historic canons began to get lost as overgrown trees began to hinder sightlines and limit the usable space of the park. OBMSA spearheaded the campaign to revitalize the park with an intent to make it the focal point of the downtown once more. With input from other local community groups a plan was put together and presented to the Town of Oyster Bay for approval. Continue Reading...
In cooperation with the Town of Oyster Bay and local merchant Main Street Nursery, the Oyster Bay Main Street Association is pleased to announce the renovation of the public park in between the historic Oyster Bay Post Office and the historic Oyster Bay Town Hall known as Townsend Park.
A once great focal point of our downtown, the bandstand and historic canons began to get lost as overgrown trees began to hinder sightlines and limit the usable space of the park. OBMSA spearheaded the campaign to revitalize the park with an intent to make it the focal point of the downtown once more. With input from other local community groups a plan was put together and presented to the Town of Oyster Bay for approval. Continue Reading...
OBMSA Receives Preservation Grant!
The Oyster Bay Main Street Association was awarded a $4,718.75 grant by the National Trust for Historic Preservation from the Johanna Favrot Fund for Historic Preservation. These grant funds will be used to secure the services of Historic Architect John Collins during the initial planning phases of an intended larger renovation of 49 Audrey Avenue by the owner. Continue Reading...
The Oyster Bay Main Street Association was awarded a $4,718.75 grant by the National Trust for Historic Preservation from the Johanna Favrot Fund for Historic Preservation. These grant funds will be used to secure the services of Historic Architect John Collins during the initial planning phases of an intended larger renovation of 49 Audrey Avenue by the owner. Continue Reading...
OBMSA is still Accepting Applications for...
The third cycle of our privately funded Facade and Sign Grant! We are currently halfway through the grant cycle and will be accepting applications on a rolling basis until August 11, 2015.
Since 2013, we have invested over $20,000 into the downtown, assisting 12 new and existing businesses... Continue Reading.
To find out if you are eligible for assistance or to download an application, click here.
The third cycle of our privately funded Facade and Sign Grant! We are currently halfway through the grant cycle and will be accepting applications on a rolling basis until August 11, 2015.
Since 2013, we have invested over $20,000 into the downtown, assisting 12 new and existing businesses... Continue Reading.
To find out if you are eligible for assistance or to download an application, click here.
OBMSA's Adopt-A-Spot Program Continues to Roll Out
We are pleased to announce that, through the generous support of Mill-Max Mfg. Corp and the Oyster Bay-East Norwich Chamber of Commerce, two additional locations in the downtown have been improved. Since August of last year, three participants in the program have adopted and pledged to maintain three high visibility sites, which serve as the gateways to our downtown, including locations on West Shore Road, Cove Road and Berry Hill Road. For more information about the West Shore Road improvement click here.
These sites, which had largely been ignored over the years, were a high priority for the Main Street Association. Continue Reading...
We are pleased to announce that, through the generous support of Mill-Max Mfg. Corp and the Oyster Bay-East Norwich Chamber of Commerce, two additional locations in the downtown have been improved. Since August of last year, three participants in the program have adopted and pledged to maintain three high visibility sites, which serve as the gateways to our downtown, including locations on West Shore Road, Cove Road and Berry Hill Road. For more information about the West Shore Road improvement click here.
These sites, which had largely been ignored over the years, were a high priority for the Main Street Association. Continue Reading...
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Oyster Bay Main Street Association
19 Spring Street Oyster Bay, NY 11771 Phone: 516.922.6982 Fax: 516.922.5694 Executive Director: Meredith Maus mmoysterbay@gmail.com |
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