We are all in this together and we remain Columbia County Strong.

In Columbia County we are very lucky to have multiple banks participating in the SBA Payroll Protection Program (PPP) loans. Please see information below on how to connect with these participating banking institutions, they include but are not limited to the following: Community Bank, Bank of Greene County, TD Bank and Key Bank.

TD Bank Information:

·TD Bank is accepting applications for SBA Paycheck Protection Program (PPP) loans electronically through their website.

Here's what you need to know:

• You can apply directly at www.td.com/paycheckprotection

• Please visit our site as soon as possible to view the eligibility guidelines and documents required when submitting your application.

Here is additional information you may find helpful:

• PPP does not require collateral or a personal guarantee but does require supporting payroll documentation.

• If approved, loan proceeds will be deposited into a TD Business deposit account.

• This is a limited time program that is only available until June 30, 2020.

• For more information, please visit the SBA website at this link.

Within the application, if you are asked if you are already working with a TD Banker, please respond "YES" . Visit their website athttps://www.sba.gov/funding-programs/disaster-assistance.

Key Bank Information:

·Key Bank is a preferred lender for the SBA.

WHAT IS PPP:

A 100% SBA guaranteed loan directly from KeyBank that is possibly eligible to be forgiven and requires no other collateral or personal guarantee

•Intended to cover costs related to payroll expenses, continuation of group health care benefits, lease payments, mortgage interest payments, utility payments and interest on other pre-existing debt obligations

•Possible Loan forgiveness amount will be equal to the amount spent on payroll costs, mortgage interest payments, lease payments, and utility payments during the 8 weeks following the loan origination date

IS PPP FOR ME:

Program includes applicants eligible under existing 7(a) program, as well as non-profits, sole proprietors, self-employed individuals, and independent contractors

•The SBA’s employee headcount restrictions have been revised for this program èeligible applicants are applicants with 500 or fewer employees, except for applicants within the accommodation and food services sector that can have up to 500 employees per physical location(5)

•Applicants must certify that they have been adversely impacted by COVID-19

HOW MUCH CAN I APPLY FOR:

Loan amount is the lesser of:

−$10,000,000

OR

−2.5x the total average monthly payroll costs incurred in the 1 year prior to origination date(2)(3)(4)

•Monthly payments are deferred for between 6 and 12 months

•Any amount not forgiven is converted to a term loan not to exceed 10 years or 4% interest

WHAT DO I NEED AT THE TIME OF APPLICATION:

−Most recent IRS Form 941: Employer’s Quarterly Federal Income Tax Return

−A breakdown of your January 2019 through February 2020 payroll expenses

−Complete 2019 financials (profit/loss and balance sheet) èto ensure SBA approval, all documentation must be verified

KeyBank, as an approved lender for the SBA, has developed a streamlined process from application to approval to cash in hand within days Any questions and/or concerns please reach out to your local KeyBank Branch.

The Bank of Greene County Information:

·The Bank of Greene County Lending Team is ready to help businesses restructure existing loans and their SBA Lending Specialists are available to assist with applications under the SBA CARES Act and its Payment Protection Program.

Please call (518) 943-2600 or Click Here for more information.

What You Will Need to Apply:

For Businesses with Employees

2019 IRS Form 940, 2019 IRS Form 941 (All 4 Quarterly Forms) and 2019 IRS Form W-3

· As an option to, or in combination with the above IRS forms, the customer may also submit payroll reports for the previous 12 months.

For Independent Contractors

2019 1099 Forms

Other documents as applicable

Documentation of Health Insurance Premiums paid by the Company under a group Health Plan

Documentation of Retirement Plan funding paid by the Company

Organizational Documents (for new Bank of Greene County customers)

Other Financial Assistance:

Columbia County has established two funds to assist residents and businesses during this time please see details below on how to apply and get more information.

The Berkshire Taconic Community Foundation (BTCF) has launched the Columbia County COVID-19 Emergency Response Fund. It will provide flexible resources to nonprofit organizations to meet the needs of individuals and families who are disproportionately impacted by the coronavirus. The fund will prioritize human services and community-based organizations with experience helping individuals and families stabilize their lives in times of crisis. Donations to the fund and applications from eligible nonprofits can be made at BerkshireTaconic.org/ColumbiaCOVID19 https://www.berkshiretaconic.org/bLearnbAboutBTCF/COVID-19Response/ColumbiaCountyEmergencyResponseFund.aspx. BTCF staff and volunteer members of BTCF’s Fund for Columbia County committee will review and award grants.

Berkshire Taconic Community Foundation and Columbia Economic Development Corporation (CEDC), in partnership with the Columbia Chamber of Commerce and the Hudson Business Coalition, have established the Columbia County Business Continuity Fund. It will provide cash grants to small businesses in our County and specifically Town Centers and Main Streets with fewer than 10 full-time employees and less than $1 million in annual revenue. These businesses can apply for grant funds from $1,000 to $5,000 to cover costs related to retaining employees, rent and other fixed operational costs. Donations to the fund can be made at BerkshireTaconic.org/BusinessContinuity https://www.berkshiretaconic.org/bLearnbAboutBTCF/COVID-19Response/ColumbiaCountyBusinessContinuityFund.aspx

The fund will accept applications from April 1 to April 15 at www.columbiaedc.com. An independent, volunteer committee of local business leaders and will review and award grants based on the availability of funds.

In Columbia County we are very lucky to have multiple banks participating in the SBA Payroll Protection Program (PPP) loans. Please see information below on how to connect with these participating banking institutions, they include but are not limited to the following: Community Bank, Bank of Greene County, TD Bank and Key Bank.

TD Bank Information:

·TD Bank is accepting applications for SBA Paycheck Protection Program (PPP) loans electronically through their website.

Here's what you need to know:

• You can apply directly at www.td.com/paycheckprotection

• Please visit our site as soon as possible to view the eligibility guidelines and documents required when submitting your application.

Here is additional information you may find helpful:

• PPP does not require collateral or a personal guarantee but does require supporting payroll documentation.

• If approved, loan proceeds will be deposited into a TD Business deposit account.

• This is a limited time program that is only available until June 30, 2020.

• For more information, please visit the SBA website at this link.

Within the application, if you are asked if you are already working with a TD Banker, please respond "YES" . Visit their website athttps://www.sba.gov/funding-programs/disaster-assistance.

Key Bank Information:

·Key Bank is a preferred lender for the SBA.

WHAT IS PPP:

A 100% SBA guaranteed loan directly from KeyBank that is possibly eligible to be forgiven and requires no other collateral or personal guarantee

•Intended to cover costs related to payroll expenses, continuation of group health care benefits, lease payments, mortgage interest payments, utility payments and interest on other pre-existing debt obligations

•Possible Loan forgiveness amount will be equal to the amount spent on payroll costs, mortgage interest payments, lease payments, and utility payments during the 8 weeks following the loan origination date

IS PPP FOR ME:

Program includes applicants eligible under existing 7(a) program, as well as non-profits, sole proprietors, self-employed individuals, and independent contractors

•The SBA’s employee headcount restrictions have been revised for this program èeligible applicants are applicants with 500 or fewer employees, except for applicants within the accommodation and food services sector that can have up to 500 employees per physical location(5)

•Applicants must certify that they have been adversely impacted by COVID-19

HOW MUCH CAN I APPLY FOR:

Loan amount is the lesser of:

−$10,000,000

OR

−2.5x the total average monthly payroll costs incurred in the 1 year prior to origination date(2)(3)(4)

•Monthly payments are deferred for between 6 and 12 months

•Any amount not forgiven is converted to a term loan not to exceed 10 years or 4% interest

WHAT DO I NEED AT THE TIME OF APPLICATION:

−Most recent IRS Form 941: Employer’s Quarterly Federal Income Tax Return

−A breakdown of your January 2019 through February 2020 payroll expenses

−Complete 2019 financials (profit/loss and balance sheet) èto ensure SBA approval, all documentation must be verified

KeyBank, as an approved lender for the SBA, has developed a streamlined process from application to approval to cash in hand within days Any questions and/or concerns please reach out to your local KeyBank Branch.

The Bank of Greene County Information:

·The Bank of Greene County Lending Team is ready to help businesses restructure existing loans and their SBA Lending Specialists are available to assist with applications under the SBA CARES Act and its Payment Protection Program.

Please call (518) 943-2600 or Click Here for more information.

What You Will Need to Apply:

For Businesses with Employees

2019 IRS Form 940, 2019 IRS Form 941 (All 4 Quarterly Forms) and 2019 IRS Form W-3

· As an option to, or in combination with the above IRS forms, the customer may also submit payroll reports for the previous 12 months.

For Independent Contractors

2019 1099 Forms

Other documents as applicable

Documentation of Health Insurance Premiums paid by the Company under a group Health Plan

Documentation of Retirement Plan funding paid by the Company

Organizational Documents (for new Bank of Greene County customers)

Other Financial Assistance:

Columbia County has established two funds to assist residents and businesses during this time please see details below on how to apply and get more information.

The Berkshire Taconic Community Foundation (BTCF) has launched the Columbia County COVID-19 Emergency Response Fund. It will provide flexible resources to nonprofit organizations to meet the needs of individuals and families who are disproportionately impacted by the coronavirus. The fund will prioritize human services and community-based organizations with experience helping individuals and families stabilize their lives in times of crisis. Donations to the fund and applications from eligible nonprofits can be made at BerkshireTaconic.org/ColumbiaCOVID19 https://www.berkshiretaconic.org/bLearnbAboutBTCF/COVID-19Response/ColumbiaCountyEmergencyResponseFund.aspx. BTCF staff and volunteer members of BTCF’s Fund for Columbia County committee will review and award grants.

Berkshire Taconic Community Foundation and Columbia Economic Development Corporation (CEDC), in partnership with the Columbia Chamber of Commerce and the Hudson Business Coalition, have established the Columbia County Business Continuity Fund. It will provide cash grants to small businesses in our County and specifically Town Centers and Main Streets with fewer than 10 full-time employees and less than $1 million in annual revenue. These businesses can apply for grant funds from $1,000 to $5,000 to cover costs related to retaining employees, rent and other fixed operational costs. Donations to the fund can be made at BerkshireTaconic.org/BusinessContinuity https://www.berkshiretaconic.org/bLearnbAboutBTCF/COVID-19Response/ColumbiaCountyBusinessContinuityFund.aspx

The fund will accept applications from April 1 to April 15 at www.columbiaedc.com. An independent, volunteer committee of local business leaders and will review and award grants based on the availability of funds.

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