City of Buffalo Microenterprise Grant applications open now, upcoming webinars, and other small business resources

The Beverly Gray Center will be updating this page regularly to highlight resources available to your business.

Upcoming Workshops & Webinars

Moving You Business Forward in 2201: Using your business to create generational wealth webinar presented by M&T Bank, Wilmington Trust, and Next Street

  • Tuesday, March 11th, 6pm
    • Join Glenn Jackson (Chief Diversity Officer, M&T Bank). Alvina Lo (Chief Wealth Strategist, Wilmington Trust), and Jocelyn Walters (Director, Next Street) for a virtual conversation about how aroundd how to use your business to create generational wealth

Register here now to reserve your spot

City of Buffalo Microenterprise Grant Program

WEDI, in partnership with the City of Buffalo and the Buffalo Urban Renewal Agency, launched the Microenterprise Grant Program. Applications are being accepted as of February 8th.

  • The Microenterprise Grant Program is designed specifically for microenterprises (no more than 5 employees) operating in WNY
  • Grants of up to $10,000 available for eligible microbusiness
  • Funding can be used for a variety of COVID-related business costs incurred in the past 6 months
  • Technical assistance will be available to grant recipients to maximize the value of the funding

Review eligibility requirements and apply here

Second Round of Paycheck Protection Program (PPP) Loans Available Now

$284 billion was recently allocated for a second round of the Paycheck Protection Program (PPP), a forgivable business loan offered through the Small Business Administration (SBA) that helps businesses keep their workforce employed during the COVID-19 pandemic.

Funding in the first round of the PPP program went fast, so we strongly encourage you to act now if you plan to apply for PPP in the second round. Even if you already received a PPP loan, you may still be eligible for a second round loan.

We recommend the following next steps to prepare:

  • Figure out if you are eligible: Review the full eligibility criteria here
  • Determine how much you can apply for: Businesses can apply for up to 2.5 times your monthly payroll (up to $2 million). Accommodations and foodservice business can apply for up to 3.5
  • Prepare your documents: Work with your accountant or other operational support to put your application together. Remember that each lender may have different requirements. If you want support preparing your application, contact the Beverly Gray Center now.

Learn more and apply for a PPP loan here

Buy Local Buffalo Online Directory

Check out all the Buy Local Buffalo businesses in the Buy Local Buffalo Directory.

Small Business Recovery & Resiliency Resources

  • Download the NYS Dept of Health COVID-19 Reopening Safety Plan template
    • Download the template here
    • *This plan does not need to be submitted to a state agency, but must be retained on premises and made available in the event of inspection.

Local, State, and Federal Emergency Relief Loans

  • New York Forward Loan Fund (NYFLF)
    • New York Forward Loan Fund (NYFLF) is a new economic recovery loan program aimed at supporting small businesses (specifically business with under 20 employees), non-profits, and small landlords as they re-open
    • Small businesses can apply for up to $100,000 in credit, with a fixed 3% interest rate and a repayment term of 5 years
    • Applications will be reviewed and funds awarded on a rolling-basis based on timing of re-opening, not first come, first served
  • Paycheck Protection Program Loan (“PPP)
    • PPP funds are available on a first come, first served basis, so act now if you plan to apply
      • If you’ve already submitted an application, check with your bank/lending representative NOW!
      • If you haven’t applied or feel you may be too far down the line at your bank, submit your application through the Fundera PPP platform here
      • Review a list of lenders currently accepting PPP applications here
    • PPP is designed specifically to help you retain your employees, and offers a fully forgivable loan of 2.5x your average monthly payroll costs
    • Learn more about the PPP loan program by downloading the attachment at the top of the page, or download the application here
  • Economic Injury Disaster Loan (“EIDL“)
    • The SBA is no longer providing the forgivable Advance Grant of $1k per employee, but you can still apply for an EIDL loan here
      • There’s a chance EIDL funds run out soon, so it’s best to apply as soon as possible if you haven’t already

Grant Offerings

  • GoFundMe.org Small Business Relief Fund
    • The GoFundMe.org Small Business Relief Fund is providing matching $500 micro-grants (minimum to raise is $500) to small businesses negatively impacted by the COVID-19 pandemic
    • Claim or start your campaign here to be eligible for the matching grant
  • Startup Fund Hub Grant Database
    • Startup Fund Hub is providing free access to its COVID-19 Grant Database here
    • Search for grants that focus on your business, geography, or industry, and other national grant options

Resources Round Up

During these unprecedented times, The Beverly Gray Center is here to support you and your business. We’re operating entirely virtually until further notice, and are available to answer questions about relief programs and other no-fee small business services from Monday-Friday, 9am-5pm by phone or email.

Call us at 716-342-3620

Email us by clicking here.