New York State, and many local communities including the Town of Amherst and Village of Williamsville, declared States of Emergency which allow for the access of financing.  We will keep updating this page of resources as new offerings come online. 

AMHERST COVID-19 SALES TAX PROGRAM
Up to $100,000 in Sales Tax Savings on investment in furniture, fixtures, equipment and construction materials for affected COVID-19 businesses pursuing new opportunities.  Applicants must meet requisite eligibility critieria.  Program details are available HERE.

BUSINESS LOANS

SBA.gov Loans Application: https://disasterloan.sba.gov/ela/
Direct Capital Assistance For Affected Businesses from the EMERGENCY INJURY DISASTER LOAN, which provides direct financial assistance, including a $10,000 grant. SBA guidance on this program and forgivable $10,000 advance can be found HERE. THERE IS CURRENTLY NO FUNDING FOR THIS PROGRAM

Payment Protection Program: https://www.sba.gov/funding-programs/loans/paycheck-protection-program
Works with existing lenders under the SBA 7(a) Program and provides up to $2 million and includes forgivable provisions that function as grants for maintaining employment and company operations.  THERE IS CURRENTLY FUNDING FOR THIS PROGRAM.
Program Details can be accessed HERE.
Borrower Application Available HERE.
U.S. Chamber Summary/FAQ HERE.
U.S. Chamber Guidelines on PPP Forgiveness HERE.

Main Street Federal Loan
$1 million to $25 million 4-year Term Loan details accessed HERE.
Information Release details accessed HERE.

Erie County Small Business Loan: Small Business Loan, with $500,000 set aside for retail businesses, in amounts of $10,000 to $50,000 available for Working Capital.  Information can be accessed HERE.

TAX CREDITS

IRS Payroll Tax Credits: https://www.irs.gov/coronavirus?fbclid=IwAR1L1b7HutoCsoXVtGeI_AiSxZEtNds3m49p-iS-UEJ-weaxVn4ZpN9VdzU
Refundable Payroll Tax for Cost of Employees Leave for COVID-19

OPERATING GUIDANCE

New York Declaration 1636 Fact Sheet: https://esd.ny.gov/sites/default/files/NY-16346-EIDL-Fact-Sheet.pdf

Additional Guidelines Available at EMPIRE STATE DEVELOPMENT WEBSITE.
  • 80%

    Of New Jobs Created In the Region Have Been Created In Amherst Since 1980

  • $18 Million

    Property Taxes Generated Annually By Current and Past AIDA Projects

  • 48,000 Jobs

    New Jobs Created By Over 300 AIDA Projects