To our valued business partners/tenants,

It’s been said that ‘nothing unites us more than a common enemy’.

Together, we stand with you as our community, nation and world guards against the continued spread of the coronavirus. Know for certain that we will get past this; things will get better.

We want you to know that all at Waterstone realize the historically challenging times we are all experiencing. No one could have anticipated a situation of this global magnitude, nor can we speculate when things will get better. We sympathize with the impact the coronavirus has had on business and value your long-term partnership.

The best support we could offer right now is to provide communication and information. We may not have all the answers, but we are monitoring the situation every day and placing great value on how it is impacting your employees, your customers and you and your family. We hope the following provides you with some level of relief and clarity.

This is a crisis the likes of which the world has never seen. But in crisis there is opportunity. Life as we know it will resume, relatively soon, and we will be closer, better and strong because of this journey. Until then, let’s all remember what is really important in our lives and enjoy the time at home with our families.

All of us at Waterstone thank you for your patience and understanding. Please be safe...and be healthy.

Is Waterstone open for business? Who do I call if there is an emergency?

Waterstone is still fully operational and conducting business—we are just doing it remotely, in support of state and federal guidelines. If there is an emergency, problem or you need to get in touch with us, please contact: 781-559-3301, ext. 193 and follow the prompts relative to your state.

Will I be forced to close my business?

We are following mandated and suggested local and state guidelines at this time. For restaurants and bars, this means limited hours offering delivery and takeout only. For others, it means adhering to social separation (keeping people a minimum of six feet away) and limiting the size of gatherings. This may change as mandated shelter-in-place orders and curfews could be issued by governing agencies at any time. Until further actions, if any, are taken the decision to open, close or limit services and hours is yours to make. Waterstone will temporarily waive all lease covenants requiring opening and closing hours, required days to be open, etc.

Will I be able to get financial relief for the business I’ve lost?

Many of our tenants are smaller businesses who are experiencing financial hardship that no one could have expected. We want to help them remain financially viable—both in the short term and the long term—and are looking at different ways to assist them during these difficult times. Several government programs are also in place that could be helpful.

COVID 19 RESOURCES

Financial Relief Programs

  • SBA Disaster Loan Assistance—the SBA is working directly with state Governors to provide targeted, low-interest loans to small businesses that have been severely impacted by the Coronavirus. The program provides working capital loans of up to $2 million to help overcome temporary loss of revenue. For more info click HERE.
  • SBA Paycheck Protection Program SAMPLE Application
  • For information on all government programs and support in response to the coronavirus click HERE.
  • Bank Programs—Contact your bank, credit card company and creditors to learn how they could possibly assist you and your company. For more info click HERE.
  • Facebook Small Business Grants Program—Facebook has launched a grant program for small businesses offering $100M in cash grants and ad credits. For more info click HERE.
  • Save Small Business Fund—US Chamber of Commerce sponsored grant relief program for small businesses. For more info click HERE.

CARES ACT

State Program

Access to Capital

  • Lender Match Program—free online referral tool to connect to lenders who can provide capital. For more info click HERE.

Guidance

Restaurant & Bar Programs

  • The National Restaurant Association has launched a nationwide grassroots campaign urging Congress to take immediate action to support the restaurant industry. Take action at https://actnow.io/recovery or text "Recovery" to 52886.
  • Gift Card Sales—Register your gift card program at www.rallyforrestaurants.com and promote via social media using #rallyforrestaurants.
  • Yelp is offering $25M in relief to restaurants and bars affected by Covid-19. For more info click HERE.