COVID-19 Update and NYC Financial Assistance Programs for Small Businesses

As the Coronavirus (COVID-19) situation continues to evolve, we want to assure you that Tarlow is taking all necessary precautions to ensure the health and safety of our team members, their families, and our clients. It is our number one priority. To that end, we are continuously monitoring updates and recommendations from the World Health Organization (WHO), U.S. Centers for Disease Control and Prevention (CDC) as well as regional government agencies.

At this time, Tarlow’s offices remain open. If closing our physical locations becomes necessary for the safety of our team members and our clients, Tarlow will immediately shift to remote operations. Our investments in robust technology infrastructure and our commitment to a flexible work environment will allow us to remain available and responsive to our clients during this time of uncertainty. During remote operations, your advisors will be available to you by phone or virtual meetings over Zoom.

In the interim, to the extent that you can provide your client service team documentation electronically and do virtual meetings and phone calls rather than in-person meetings that would help us protect against physical transmission of the virus. 

While our goal is to maintain the highest level of service during this health crisis, we understand some team members will require personal time off due to the spread of the coronavirus. If you have any questions or concerns regarding Tarlow’s service, please reach out to your advisor or Partner. If you are unable to reach your Partner and need immediate assistance, please email and someone will respond to you within 24 hours. 

Additionally, for our small business clients fearing a reduction in revenue because of COVID-19, we would like to ensure you are aware of Mayor Bill De Blasio’s announcement that for businesses with fewer than 100 employees who have seen sales decreases of 25% or more there is the potential for zero-interest loans of up to $75,000. The City is also offering small businesses with fewer than 5 employees a grant to cover 40% of payroll costs for two months to help retain employees. More information can be found here: NYC COVID-19 assistance.  

Please reach out to your Tarlow Partner if you would like assistance with the City’s program.

As this situation evolves, we will continue to update you. We thank you for your continued loyalty and trust in our firm.