Get the latest COVID-19 Updates

Posted Monday, April 6th, 2020

Applications Now Being Taken

Small business owners across Morris County, who have been hit very hard by the COVID-19 pandemic, may find some relief through the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was signed into law by the President and which provides $375 billion in funding for small businesses.

photo shows stores in downtown Madison

Downtown Madison businesses

The federal programs below were established or expanded by the CARES Act to provide small businesses and non-profits with additional grant and forgivable loan opportunities:

  • Paycheck Protection Program
  • Economic Injury Disaster Loans & Emergency Economic Injury Grants
  • Employee Retention Tax Credit

Applications are being taken now for the Paycheck Protection Program, which provides cash flow assistance to companies to meet costs such as payroll, benefits, rent, mortgage interest, and utilities.

To apply for the federal loan and grant programs above, or to get a list of approved private lenders please contact the U.S. Small Business Administration at www.sba.gov/coronavirus or call 1-800-659-2955.

SBA NJ District Office: 973-645-2434 or email [email protected]

Applications for Economic Injury Disaster Loans and Paycheck Protection Program are open. Find an approved SBA lender.

photo shows downtown Denville

Downtown Denville businesses

OTHER RESOURCES FOR SMALL BUSINESS OWNERS

U.S. Chamber of Commerce

Reach out to your county and municipal chambers for resources and programming to assist you.

U.S. Department of the Treasury
CARES Act Assistance to Small Businesses focuses on Emergency Loans / Paycheck Protection.

NJ Economic Development Authority (NJEDA) Emergency Assistance Programs

Announced a slate of emergency assistance grant, low-interest loan, and loan guarantee programs.

New Jersey Business Action Center can answer business-related questions at 1-800-JERSEY-7.

New Jersey Small Business Development Center

SBDC continues to provide training and counseling programs remotely. SBDCs received additional funds under CARES Act to assist business owners with loan programs and coronavirus issues

New Jersey Business & Industry Association

NJBIA is offering Coronavirus guidance on their website.

New Jersey Restaurant & Hospitality Association

Guidance for the restaurant and hospitality industry is available here.

Main Street America

Focuses on economic issues impacting downtown. Visit their website.

 

RESOURCES FOR BIZ RE-TOOLING TO PRODUCE PPE

NJ Manufacturers Extension Program

NJME is updating its database to showcase companies with the ability to support manufacturers and the supply chain industry. They are collecting information on capabilities, products created, and current inventories. Take the survey.

NJMEP hopes to connect companies with organizations that need products in response to the Coronavirus. Guidance for manufacturers

Federal Emergency Management Agency

FEMA has info for private firms that want to supply PPE. More information is available here.