May 21, 2024

Dear Friends,

This year has brought a lot of exciting new initiatives to date and many more planned for the future.

We're excited that we will now be able to make more loans that range from $75k to $350k, thanks to the Community Advantage Small Business Lending Company (SBLC), a new type of lending entity created by the SBA to succeed their original pilot program.

Our introduction to the growing tech start up sector in New York was a great success: our TechImpact Startup Competition was held at a packed Craig Newmark Auditorium and we will be supporting some amazing entrepreneurs.

Our suggestion was featured in Center for an Urban Future’s new proposal: 50 Ideas for a More Equitable Queens.

And finally, if you were not able to join us for our annual Immigrant Heritage Week Awards event, scroll down for links to videos of our inspiring awardees and distinguished guests, as well as our Annual Borough Reports for FY 2023, and upcoming webinars!

Yanki Tshering

Executive Director

SBA Community Advantage Loans

In case you missed the news: Accompany Capital was recently granted new licensing from the US Small Business Administration as a Community Advantage Small Business Lending Company (SBLC), a new type of lending entity created by the SBA to succeed their original pilot program.

Our loan team had already been making 7(a) Community Advantage Loans under the pilot program for several years – we were the top provider in New York State in 2023 – so we are extremely pleased that the program has now been made permanent. The creation of this new program is an exciting development for the small business lending industry with the potential to have a significant impact in several ways.

Click to read more

TechImpact Startup Competition

This spring, eight exciting New York City-based startups competed on the stage of the packed Craig Newmark Auditorium at Civic Hall in the TechImpact Startup Competition, which was presented by the Accompany Capital team led by Tshering Gurung and Maria Paulina, in partnership with the Tech Incubator Program at Queens College and the NY Tech Alliance.

Click to read more

Equitable Queens Survey

We are very pleased that our idea for a stronger and more equitable Queens is featured in the Center for an Urban Future and The Thomas & Jeanne Elmezzi Foundation’s new report! Check out all 50 ideas with the link below:

Click to read

Watch our 2024 Immigrant Heritage Week Awards

Accompany Capital’s Immigrant Heritage Week Awards is an opportunity for us to

honor and celebrate outstanding clients who exemplify the entrepreneurial spirit and leadership of immigrant small business owners and their families.

This year marked the Awards’ 12th anniversary, and we were thrilled to receive special messages from Council Member Oswald Feliz of Distrct 15 in the Bronx, who chairs the Small Business Committee and is a passionate advocate for supporting small businesses, as well as from Deputy Chief of Staff Jasniya Sanchez at the Mayor’s Office of Immigrant Affairs. Both of these important leaders recognized and applauded the invaluable contributions immigrants and refugees make to their communities and to the economic well-being of New York City.

Of course, the most anticipated part of the evening each year is hearing the inspiring stories of our honorees. This year we announced a new award, the Sustainable Business Award, in recognition of the launch of Accompany Capital’s Sustainable Business Program, which provides financing and or grants that promote sustainability to reduce the energy costs of businesses.

Click below to meet this year's winners and learn their inspiring stories, hear our guest speakers, our watch the full awards ceremony:

City Councilmember Oswald Feliz

Mayors Office for Immigrant Affairs Deputy Chief of Staff Jasniya Sanchez

Sustainable Business Award Winner Sulman Usman

Job Creator Award Winner MD Khalilur Rahman

Made in New York Award Winner Pooja Bavishi

New Beginnings Award Winner Hekmatullah Hamid

Full Event Video

Borough Reports Now Online

See our impact in each of the 5 boroughs for 2023!

Click here

Upcoming Webinars and Events

Sunnyside Small Business Resource Fair

(in person)

Thursday, May 23^rd

12:00 –3:00 pm

Bliss Place: 46th Street & Queens Blvd.

Sunnyside, under the 7 Train

Join us at the Small Business Resource Fair and explore the resources available to help you start, improve, and grow your business. Hosted by the office of Council Member Julie Won, Accompany Capital, and the Queens Chamber of Commerce, this multilingual small business resource fair is open to the public.

Connect with representatives from city agencies and local community organizations during this event. Business owners will have the valuable opportunity to meet and greet, fostering connections that can contribute to the success and growth of their enterprises.

This event is sponsored by the office of Council Member Julie Won and provided in partnership with the Queens Chamber of Commerce.

For more information about any of our free webinars, please contact:

Para obtener más información, Por favor comuníquese con:

Tshering Gurung

tgurung@accompanycapital.org

347-730-6468

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Webinar: Quick Books Online Part 1

Wednesday, June 12

2 pm – 4 pm

This is Part 1 of a 2-part series of QuickBooks Level 1 class for small business owners who are new to QuickBooks. The webinar aims to help you learn the basics and understand how you can use QuickBooks to manage your business finances. The sessions will cover the following:

· Different versions of QuickBooks Online

· The general setup – Menus, settings, and general functions

· Setting up the Chart of Accounts

· Setting up individual items to show up in customer invoices.

Speaker: Paul Rosenblum, Numerex Services, Small Business Consultant, Professional Bookkeeper, a QuickBooks Certified Proadvisor

For more information, please contact Tsetan Dekyi at tdekyi@accompanycapital.org

This workshop is provided in partnership with the Queens Chamber of Commerce and sponsored by Capital One.

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Webinar: Quick Books Online Part 2

Thursday, June 13

2 pm – 4 pm

This is Part 2 of a 2-part series of QuickBooks Level 1 class for small business owners who are new to QuickBooks. The webinar aims to help you learn the basics and understand how you can use QuickBooks to manage your business finances. The sessions will cover the following:

· Entering transactions – for income and expenses

· Running reports (Profit and Loss, Balance Sheet, and specific vendor and customer reports)

· Downloading transactions from the banks

· Reconciling bank accounts

· Collecting W-9 forms and entering 1099 information into QuickBooks

Speaker: Paul Rosenblum, Numerex Services, Small Business Consultant, Professional Bookkeeper, a QuickBooks Certified Proadvisor

For more information, please contact Tsetan Dekyi at tdekyi@accompanycapital.org

This workshop is provided in partnership with the Queens Chamber of Commerce and sponsored by Capital One.

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Cybersecurity for Small Business

Thursday, June 20^th

2:00 PM – 3:00 PM

At this webinar, you will learn about: An overview of cybersecurity risk management and best practices that can be used to protect a business from computer related crimes. We’ll also discuss NYS cybersecurity regulation and other regulations impacting small businesses.

Presenter: Jasleen Madaan, CRVPM, AVP, Vendor Risk Manager with DIME Bank

For more information, please contact Tshering Gurung at tgurung@accompanycapital.org or 347-730-6468

This workshop is provided in partnership with the Queens Chamber of Commerce and sponsored by Dime Community Bank..

Save the Date for the Momo Crawl

As a founding sponsor, we're pleased to announce that the 12th Annual Momo Crawl will be held Sunday, September 15th, in Jackson Heights. More info coming soon!