Resources for Small Businesses
Read The Small Business Owner’s Guide to the CARES Act, which was signed into law on March 27, 2020.
For information on COVID-19/Novel Coronavirus and its impact on businesses, please visit the State of New Jersey COVID-19 business information hub at https://cv.business.nj.gov. You’ll find information about resources, assistance, and regulations. On the site, you can also live chat with a representative from the NJ Department of State’s Business Action Center or call 1-800-JERSEY-7.
Emergency Grants + Loans
The New Jersey Economic Development Authority recently announced several new programs to support thousands of businesses and their workers facing economic hardship due to the outbreak of the novel coronavirus COVID-19. The initiatives include a grant program for small businesses, a zero-interest loan program for mid-size companies, support for private-sector lenders, funding for entrepreneurs, and a variety of resources providing technical support and marketplace information. For more information read this article.
New Jersey businesses are also eligible to apply for Economic Injury Disaster Loans (EIDLs). These are working capital loans to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the disaster recovery period. Learn more on how to apply and if you’re eligible here. To apply directly to the Small Business Administration for a loan, visit the SBA online loan application.
Jobs + Hiring
The State of New Jersey has also developed a centralized resource to match talent with opportunities in industries on the front lines of serving New Jerseyans during the outbreak. If you are seeking workers or more information about the programs available to support businesses, please visit the COVID-19 Jobs Portal.
From the NJ Economic Development Authority (NJEDA)/ New Jersey Business Advocacy Center:
COVID-19/Novel Coronavirus Information for New Jersey Businesses: https://faq.business.nj.gov/
The NJEDA has created a webpage that directs business owners to various resources to assist in coping financially with the COVID-19 public health crisis. The New Jersey Economic Development Authority unveiled a package of seven new incentive programs aimed at keeping businesses in the state afloat as they see customers and profits dwindle amid the COVID-19 global recession.
From the New Jersey Business and Industry Association
NJBIA Coronavirus Resource Connection: https://njbia.org/coronavirus/
From the Small Business Administration
Coronavirus (COVID-19): SBA Disaster Assistance in Response to the Coronavirus: https://www.sba.gov/disaster-assistance/coronavirus-covid-19
From the NJ Small Business Development Center
COVID-19/CORONAVIRUS INFORMATION: https://www.sbdcnj.com/2020/