First phase helped over 500 tenants collect approximately $20 million in funds from the first round of PPP in 2020
Woodland Hills, Calif. (February 2nd, 2021) – NewMark Merrill Companies, Inc. is pleased to announce that it has started the second phase of its “Together We Can” program aimed at helping its tenants remain in business during the pandemic. In the first phase of the program, the company helped over 500 tenants collect approximately $20 million in funds from the first round of PPP in 2020.
Launched in March of 2020, the NewMark Merrill “Together We Can” programs help its small businesses secure available funds from a variety of local, State and Federal funding sources including the Paycheck Protection Program (PPP). The Company’s outreach includes a personal phone call to each and every tenant, company webinars to further explain the process; providing Retail Smart Guys as a free resource to help tenants navigate the application process and answer specific questions for their businesses; and coordinating with a lending partner, A10 Capital, to simplify and personalize the application and funding process. The company has also set up a
dedicated website that contains real-time resources to help them with the PPP process.
“We are in a partnership with our tenants, and with that partnership, we believe that we need to do our best to help them succeed,” said Sandy Sigal, President and Chief Executive Officer of NewMark Merrill Companies.
“From day one of this pandemic, we have been working hand in hand to provide them with assistance to succeed.
Our motto has been “No Tenant Left Behind” and we are doing what we can to help our merchants, our communities, and our customers come through this unprecedented time stronger and more connected.” Sigal went on to say, “In addition to assistance with PPP and other funding sources, we have also made personal calls to National, State and Local legislators to help simplify the process of receiving assistance, and to ensure policy makers understand the issues facing our businesses.
Our entire marketing and operating teams have worked tirelessly with our tenants to help their business transition to strategies that expand their presence like social outreach, curbside pick-up and delivery, outdoor dining and effective marketing.”
About NewMark Merrill Companies
NewMark Merrill Companies, Inc. owns or manages a portfolio of over 80 shopping centers valued at more than $2 billion. Since 1987, President and Chief Executive Officer Sandy Sigal has led the company of shopping centers representing over 1,800 tenants and 10 million square feet in California, Colorado and Illinois. The Company has founded and invested heavily in BrightStreet Ventures, its technology company, which is working on leading edge solutions for landlords and tenants to succeed in today’s retail environment. For more information, please visit NewMarkMerrill.com.