KIMCO'S
COVID-19 RESPONSE

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PPP APPLICATION ASSISTANCE FOR KIMCO TENANTS

The recently approved $900 billion coronavirus stimulus package includes $284 billion in Paycheck Protection Program (PPP) funds to assist small businesses. We encourage all eligible tenants to apply as soon as possible, and through our Tenant Assistance Program (TAP), we are once again providing complimentary resources to assist you in the application process.

KIMCO HAS IDENTIFIED TWO FORMS OF ASSISTANCE FOR OUR TENANTS TO CHOOSE FROM, AT NO COST

• 

  BlueVine Application Portal

  BlueVine, a leading provider of small business banking solutions and an official direct non-bank PPP lender, created an online PPP application for Kimco tenants that uses advanced technology to expedite and automate the application process. The company reported that it delivered nearly $4.5 billion in PPP loans to 155,000 small businesses during the previous funding rounds, with some applicants receiving same-day funding, even as many banks were unable to keep pace with the large volume of applications. BlueVine will support Initial and Second Draw PPP loans for existing and new customers through their online dashboard.

  Apply Now at BlueVine.com
• 

  AES Personalized Support

  For those tenants seeking more personalized assistance, Asset Enhancement Solutions, LLC (AES), a financial advisory firm that helped more than 800 small businesses access over $100 million in PPP funding last year, also is available to support Kimco tenants in evaluating their options, their eligibility, understanding loan terms and assembling the required application materials. AES is an agent for a number of large banks, and can advise Kimco tenants on their options based on their individual business needs. AES can also provide multilingual support for tenants speaking Mandarin, Spanish, Vietnamese, and Portuguese.

  Contact AES Personalized Support

If you have questions about these resources, please email TAP@kimcorealty.com and a member of our team will assist you.

Kimco is not receiving fees or other compensation from either firm for your use of their services. Kimco will not receive any personally identifiable information about you from either firm such as your name, address, e-mail address, your individual application, whether you have received funding, the funding amount, or other information that can be associated with you without additional information, unless you choose to provide that information to Kimco.

Paycheck Protection Program (“PPP”) loans through BlueVine are made by one or more approved U.S. Small Business Administration (“SBA”) lenders. Loan agreements identify the issuing lender to small businesses at signing. Approval and loan forgiveness are subject to an applicant's ability to meet government-set eligibility requirements.

Dec 27, 2020: New $900 billion coronavirus stimulus package is approved, with $284 billion earmarked for a second round of Paycheck Protection Program (PPP) funding for small businesses

Read our FAQ to find out what small businesses owners should know about this latest round of relief funding:

PPP Round 2 FAQ

For more information and resources for Kimco tenants, please visit our Covid-19 Response webpage.

As always, if you have any property-related questions or concerns, please call Kimco's 24/7 Customer Service Center at 1-833-800-4343.

Kimco's Curbside Pickup® Program

The COVID-19 crisis has significantly impacted the way customers access food and other essential goods, and therefore the way retailers operate may look very different today than it did just a few weeks ago.

At Kimco, we have spent the last several weeks with a singular focus – finding ways to support our valued stakeholders. To that end, we launched our Curbside Pickup® program, which we hope will be a help to tenants and customers through the COVID-19 pandemic and beyond. We believe strongly that this crisis will mark a permanent shift in consumer shopping habits, and services like curbside pickup, while already starting to gain traction before, will become part of daily life for most consumers going forward.

The program is designed to help businesses adapt to these new shopping habits, and to allow customers to ease back into a daily shopping routine while feeling safe and comfortable at their neighborhood shopping centers.

Here's How It Works:

Download the Flyer

• Curbside Pickup® Program Flyer (PDF)

Additional Tenant Support & Resources

Through our national partnership with SCORE, Kimco offered two exclusive webinars to our tenants and vendors on April 8 and 24

Watch the recorded webinars to hear directly from a U.S. Small Business Administration executive on available disaster relief funding programs, including the Paycheck Protection Program. You'll also learn how to access SCORE's free small business mentoring services.

Part 2
Guiding Your Business
Through the Covid-19 Crisis

April 24, 2020

Play Videoplay_arrow

Previous Video

• Part 1 - Guiding Your Business Through the Covid-19 Crisis

Supporting Communities

We are aware of the critical role our shopping centers play in the communities they serve, often providing access to essential retail and services such as groceries, drug stores, and doctor's offices.

• With very few exceptions, our shopping centers remain open to continue to provide access to these critical goods and services, and we have taken steps to protect the shoppers and tenants at our sites, following the guidance of the Centers for Disease Control (CDC) and the World Health Organization (WHO).
• We are closely monitoring recommendations and mandates of local/state governments and health authorities.
• At the onset of the COVID-19 outbreak in the U.S., we immediately increased the frequency and intensity of our janitorial services to help prevent the spread of the virus. Areas such as public bathrooms, interior concourses and hallways, vestibules and shared doors, and elevators and escalators are being sanitized multiple times per day.
• Our teams are also working quickly to provide additional assistance in the communities where we operate, finding creative ways to use our conveniently located centers during this difficult time. We are fast-tracking the approval of drive-thru testing centers, blood drive locations, and school lunch pick-ups, and several of our centers are already offering these services.

If you have a request to utilize one of our shopping centers for COVID-19 response efforts, please email jwestbrook@kimcorealty.com.

Supporting Our Employees

The health and safety of our employees and their families is a top priority. We have taken the necessary steps to protect our employees and empower them to work from home and care for their family members and children whose lives have also been impacted.

• Beginning, Wednesday, March 11, Kimco transitioned nearly 100% of its workforce to work from home, ensuring they are safely situated during this critical social distancing period.
• All business travel has been stopped until further notice.
• Investments in new state of the art technology and software over the last year are proving to be invaluable, as our full team is equipped with new laptops and cellular capability to enable them to work from anywhere fairly easily.
• Daily webinar training is being provided to ensure our associates are fully supported to work from home. Our human resources and information technology teams are available to all employees to address any needs or concerns they may have.
• Associates will be granted the paid time off to care for themselves or family members should the virus impact them.
• We've ramped up communications at all levels and have initiated company-wide virtual meetings such that executives are accessible, can keep associates informed, and employees' questions are answered.

We will continue to evaluate situations as they arise and adjust our approach as appropriate, with the goal to enable our employees to be as productive as possible while offering them the flexibility they need to care for themselves and their families.

The information provided herein is intended for general information purposes only and is not intended to provide legal or tax advice on any matter. Due to the rapid changes in Federal, State and local regulations and guidelines, Kimco does not make any representations or warranties as to the completeness or accuracy of any of the information contained herein or on any of the provided links. Please consult with your legal and tax advisors with respect to your specific facts and circumstances before taking any action.