New Yorkers Are Strong
Fiscal Resilience for Today, Tomorrow, and Coming Years
COVID -19 is still with us. The pandemic continues to inflict severe economic stress on New York small businesses and nonprofits. In the midst of making painful choices, including layoffs, furloughs, and downsizing, we are forced to address cash flow issues and the long-term subsistence of our community.
New York nonprofit and business owners are wondering what our city will be like post-COVID-19.
Will we emerge ready to take on the challenges of rebuilding? And, how will the financial decisions we make now present opportunities for stabilization and growth next year and the year after?
Are you taking advantage of all the government programs at the federal, state, and local levels? We are here to help you access programs to stabilize your operations.
At all levels of government and within the private sector, relief programs are still being developed and existing programs restructured, adapted, and optimized for the current crisis.
You have options for meeting your cash flow needs and for reducing operational expenses going forward. You can also restructure balance sheets and debts to save for operations.
You may qualify for additional assistance through programs sponsored by local economic development agencies, community development lenders, and private foundations. Relief can also come from programs specifically serving the NYC metropolitan area.
Most likely, a combination of financing solutions will be needed to shore up your company in the coming weeks and months.