Instructions For Small Business Loans Regarding COVID-19 From The NJ Small Business Development

News Image

NJ Small Business Development:

March 13, 2020

The NJSBDC Network, Coronavirus & Your Business

In light of current Coronavirus (COVID-19) concerns, the NJSBDC network is revising our training and event schedules to help protect the health of our clients, attendees, consultants, partners, NJSBDC team members, and overall communities.

That said, please contact your regional NJSBDC or visit to review updates on upcoming scheduled programs you’ve planned or are planning to attend.  These sessions may convert to online training webinars or they may be rescheduled/ canceled based on the content and needs of the program.

We are also implementing virtual counseling sessions as opposed to in-person sessions.  Please make sure to discuss how your regional NJSBDC will be able to meet with you and your team to continue your one-to-one counseling sessions.

SBA Coronavirus (COVID-19) Disaster Relief:

SBA Coronavirus (COVID-19) Disaster Relief:

The U.S. Small Business Administration (SBA) has set aside $50 billion in low-interest Economic Injury Disaster Loans (EIDL) for “on-going” small businesses affected by the Coronavirus.  Individual businesses may apply for up to $2 million per loan.

Please Note: The EIDL loans are not for a loss of income but to keep your businesses “afloat” during this Coronavirus crisis. (i.e.: lease payments, equipment, operating assistance, employee wages, etc.)

More Info on the SBA’s Economic Injury Disaster Loans (EIDL):




Promote Self Care at the Office/ Work Stations

Prepare, Prepare, Prepare:

We also want to take this opportunity to share with you important information on how the Coronavirus could impact your staff and bottom line and help you prepare.

Recommended strategies for employers to use now, according to the Centers for Disease Control:

  1. Actively encourage sick employees to stay home;
  2. Separate sick employees;
  3. Emphasize staying home when sick, respiratory etiquette and hand hygiene by all employees;
  4. Perform routine environmental cleaning;
  5. Advise employees before traveling to take certain steps;
  6. Additional Measures in Response to Currently Occur Sporadic Importations of the COVID-19.

To learn more, visit the Centers for Disease Control.

Corona virus, Covid-19 and smart working

So, What Now?

We encourage you to visit the  New Jersey Department of Labor’s website to keep abreast of statewide developments that can directly affect your business and your employees.

We also know that during this time your business must continue, which may mean reverting to working remotely. To assist you in conducting business virtually, we have compiled a list of vendors. We do not endorse one vendor over another but simply provide you with a comprehensive list.

Additional Resources are Linked below:

If you have additional questions, please contact your regional NJSBDC or visit our website at