COVID-19 Resources for Small and Mid-Sized Businesses

COVID-19 Resources for Small and Mid-Sized Businesses

July 2020

Many business owners have questions about the new laws and regulations enacted in response to the COVID-19 health emergency. We are here to help.

This page contains a collection of resources to assist small and mid-sized businesses navigate the new laws, regulations, and government guidance. For example, are you confused about whether you are eligible for a loan under the Paycheck Protection Program established by the federal Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”)? We have you covered. We will continue to update this page as the situation evolves. Please reach out if you have any questions that are not answered here. 

LOAN PROGRAMS

Updates on Availability of Funds - April 24, 2020

Updates on Availability of Funds - April 16, 2020

  • On April 16, 2020, the SBA announced it is unable to accept new applications for Paycheck Protection Program loans or the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances) based on available appropriations funding. The announcement can be found here.
  • In addition, as of 12:00pm on April 16, 2020, applications for the NJEDA Small Business Emergency Assistance Loan program closed. The announcement can be found here.
  • Grants Under the NJEDA Small Business Emergency Grant Program were oversubscribed within approximately an hour on April 3, 2020, and applications are closed. The announcement can be found here.

Paycheck Protection Program Under the Federal CARES Act

New Jersey Economic Development Authority

Economic Injury Disaster Loans

EMPLOYMENT-RELATED RESOURCES

RULES AND ORDERS

ADDITIONAL RESOURCES

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For important Legal Updates and Resources on the Coronavirus Click Here.