COMMUNITY & BUSINESS RESOURCES

COVID-19 Resources For Businesses

Video Recording of Friday, April 3rd FCP web conference with Unity Bank on Small Business Loans and Grants

FEDERAL CARES ACT – BUSINESS SUPPORT

Apply thru Local Lender – PAYROLL PROTECTION PROGRAM (PPP)

Apply through existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Consult with your local lender.

Updated PPP FAQ from SBA 4/15/20

Guide to the Payroll Protection Program – US Chamber

SBA Payroll Protection Program Home Page and Downloadable Application Form

– Funding Capacity Reached – SBA (Small Business Administration) Economic Injury Disaster Loans (EIDL) and Loan Advance Due to this high demand, SBA has changed its policy to limit EIDL Grants to $1,000 per employee and is unable to accept new applications at this time for the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances) based on available appropriations funding. Applicants who have already submitted their applications will be processed on a first-come, first-served basis.

Guide to SBA Economic Injury Disaster Loans /Grant – US Chamber

SBA EIDL Home Page

Online Application COVID-19 EIDL Loan

Debt Relief for Existing and New SBA Borrowers

The stimulus package includes $17 billion to provide immediate relief to small businesses through standard SBA 7(a), 504, or microloans. Under this provision, SBA will cover all loan payments for existing SBA borrowers, including principal, interest, and fees, for six months. This relief will also be available to new borrowers who take out an SBA loan within six months after March 27, 2020.

SBA Debt Relief Program – SBA Link

Guide to the Employee Retention Tax Credit – US Chamber

STATE OF NJ

Rep Thomas Malinowski Covid-19 Resource Guide for Small Businesses

New! Self-Employed, Independent Contractor

NJ Dept of Labor FAQ for Self-Employed Individuals

NJ Dept of Labor Guidance for Filing a Pandemic Unemployment Claim for Self-Employed

NJ ECONOMIC DEVELOPMENT AUTHORITY (EDA)

NJ EDA Covid-19 Business Resource Hub

Open NJ EDA Entrepreneur Support Program

4/13 – Funding Capacity Reached –Apply Online – NJ EDA Small Business Emergency Assistance Loan Program

4/3 – Funding Capacity Reached – Apply Online – NJ EDA Small Business Loan Program