First Hope's Response to COVID-19

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Assistance for Businesses Affected by COVID-19

The Government recently enacted the most recent COVID-19 stimulus package to assist those affected by the COVID-19 pandemic. Below are resources that may be of particular interest to our small business clients.

Economic Injury Disaster Loans (EIDL)

There is a separate provision for businesses that reside in declared emergency zone. These are low interest loans that may be used for items outside of the PPP. Below is a link with further details and how to apply:

Economic Injury Disaster Advance Loan

New Jersey Economic Development Authority (NJEDA)

The NJEDA has created an Emergency Assistance Eligibility Wizard to assist businesses in determining whether they qualify for any programs:

Other Resources for Businesses

U.S. Chamber of Commerce Coronavirus Emergency Loans Small Business Guide and Checklist

*Please note after publication of this document the PPP loan rate was changed from 0.5% to 1.0%


Deposit Checks from the Office

Save time, reduce errors and enhance protection. Sounds pretty good, huh?

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