Posted Friday, April 10th, 2020
The Small Business Emergency Assistance Loan program is designed to provide direct loans of up to $100,000 to New Jersey based small businesses and nonprofit organizations that have been in existence for at least one year and have less than $5 million in annual revenue.
These businesses must have been negatively impacted by the COVID-19 pandemic, including but not limited to:
You may access a copy of the loan application (scroll to page 4). Completed applications will be considered on a first-come, first-served basis, according to the NJEDA.
Too determine whether you might qualify for this program, use the NJ COVID-19 Business Support Eligibility Wizard.
For businesses impacte, EDA has set up a toll-free support number, 1-844-965-1125.