The U.S. Small Business Administration approved Governor Murphy’s application for assistance and will now offer low-interest federal disaster loans for working capital up to $2 million to New Jersey small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19).
Applicants may apply online, receive additional disaster assistance information, and download applications at: https://disasterloan.sba.gov/ela.
Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email email@example.com for more information on SBA disaster assistance.
Please see the below PowerPoint presentation on How to apply for and SBA Economic Injury Disaster Loan. In addition to the PowerPoint there is an English and Spanish news release. Business counseling is available from our resource partners at the New Jersey Small Business Centers, SCORE and the Women Business Centers who are available to assist and counsel small business owners via Skype and conference calling if they should need assistance throughout the application process.
CORONA VIRUS (COVID-19) SMALL BUSINESS GUIDANCE & LOAN RESOURCES: https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources