In a recent interview, USPAACC engaged in a conversation with Tony Tong, co-owner of Fanny Crystal Jewelry, discussing the collaboration with USPAACC and the pivotal role of the Community Navigator Pilot Program (CNPP) in safeguarding their family business during challenging times
Fanny Crystal Jewelry, a staple in Brooklyn Chinatown, run by immigrant owners Fanny and Tony Tong, faced closure and financial strain during the pandemic. Known for its diverse jewelry offerings and excellent community reputation, the store stands as a testament to the Tongs’ pursuit of the American Dream.
Despite their determination to persist in their dream, Fanny and Tony sought external assistance to navigate the challenges and keep their business alive.
Fanny and Tony Tong, owners of Fanny Crystal Jewelry, found a lifeline in the Community Navigator Pilot Program (CNPP) operated by USPAACC’s Spoke Universal Processing in NYC during the pandemic. Leveraging the U.S. Small Business Administration (SBA) initiative, they secured $10,000 through the Targeted Economic Injury Disaster Loan (EIDL) program in January 2022, with assistance from Kai Zhang at Universal Processing.
USPAACC and its CNPP Regional Spoke played a crucial role, serving as a lifeline for Fanny Crystal Jewelry. The funds were instrumental in covering expenses, paying rent, utilities, inventory, and staff, facilitating the reopening of their store and allowing them to resume serving their valued customers.
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