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