President of NYS Restaurant Association announces small businesses now eligible for low-interest loans
Statement from Melissa Fleischut, president and CEO of the New York State Restaurant Association:
“We are happy to announce that all New York small businesses, including restaurants, are now eligible for low-interest loans through the federal Small Business Administration.
"Up until (now), New York businesses were unable to apply for these much needed loans due to communities not being listed as 'disaster areas.' Through continued conversations with Empire State Development and representatives from the federal SBA program, we’ve conveyed how serious the situation is for New York restaurants.
"Many have already shut their doors and will not be able to reopen. While this is a great first step, we need to find additional ways to save the restaurant industry. When this pandemic is over, going out for a nice meal will help us all feel normal again. But some restaurants simply won’t make it.”
UPDATE 1:48 p.m.: “We can’t thank Governor Cuomo and state officials enough for forgiving interest and penalties on late sales tax payments," Fleishut said. "For some restaurants, this little bit of breathing room could mean the difference between paying employees and shutting their doors forever. That being said, this relief is temporary, and we’ll continue to advocate for additional ways to help restaurants survive during this crisis.”