SBA

Prepare Ahead of Time For NJEDA Small Business Emergency Assistance Loan Program

We sent communication earlier this week regarding the New Jersey Economic Development Authority’s copy application for the Small Business Emergency Assistance Loan Program. As a reminder, the NJEDA Small Business Emergency Assistance Loan Program application opens on Monday, April 13 at 9:00 am ET.

If you are applying for this loan, it is imperative that you do so first thing on Monday morning as we predict many businesses will also be applying. We encourage you to view the copy application and prepare your materials ahead of time. A copy of the loan application can be accessed here.

Per the NJ COVID-19 Information Hub, NJEDA’s Small Business Emergency Loan Assistance Program will make direct low-cost financing available to allow New Jersey small businesses and nonprofits to cover operating expenses and ensure continuity of operations during the outbreak.1 Completed applications will be considered on a first come, first serve rolling basis.

Please click here to read all the details including qualifications from the State’s COVID-19 Business Information Hub. You can also click here for the NJ COVID-19 Business Support Eligibility Wizard.

Please reach out to Cg with questions.

Sources:
“How Do I Apply to the NJEDA Small Business Emergency Assistance Loan? (Application Open April 13, 2020, at 9:00 A.m.).” Business.NJ.gov FAQ. Business.NJ.gov, April 3, 2020. https://faq.business.nj.gov/en/articles/3835238-how-do-i-apply-to-the-njeda-small-business-emergency-assistance-loan-application-open-april-13-2020-at-9-00-a-m.