The NJEDA and SBA open up applications today for two programs

The NJEDA opened up applications for the Small Business Emergency Assistance Grant Progam at 9am, April 3. The SBA Paycheck Protection Program also opened up for applications for small business today. Explore these and other economic assistance that may apply to your practice.
 
NJEDA Small Business Emergency Assistance Grant Program
https://forms.business.nj.gov/grant/ Although they have been flooded with applications since opening this morning, they encourage you to continue to apply. Companies would not need to resubmit an application if an additional round of money becomes available.

Additional information about other NJEDA grants and loans
 https://faq.business.nj.gov/en/articles/3835237-how-do-i-apply-to-the-njeda-small-business-emergency-assistance-grant-application-now-open-here

SBA assistance for small business
https://www.sba.gov/funding-programs/disaster-assistance

SBA Paycheck Protection Program (PPP) - Application also opened today - Designed for Small businesses and sole proprietorship to maintain payrolls during the coronavirus pandemic may apply for PPP loans starting today. Independent contractors and self-employed workers can apply starting April 10. PPP loans will be fully forgiven when used for payroll costs, interest on mortgages, rent and utilities, with at least three quarters of the forgiven amount being used for payroll; forgiveness is based on employers maintaining headcount or quickly rehiring and maintaining salary levels. PPP loans are made for two years at a fixed rate with payments deferred for six months.  
https://www.sba.gov/document/sba-form--paycheck-protection-program-borrower-application-form


Interim Final Rule from the SBA - Article from a tax firm
Top