Financial Assistance Resources
The Sussex County Chamber of Commerce is dedicated to supporting businesses impacted by COVID 19. Please contact us at firstname.lastname@example.org or 973-579-1811 with any questions. We are here to help.
April 27: Additional Funding Authorized For PPP Loan Forgiveness Program.
April 22, 2020: Entrepreneurship Guarantee Program launched
April 21: Paycheck Protection Program and Health Care Enhancement Act
April 17: The Federal Reserve has announced that it is establishing a Main Street Lending Program to support lending to small and medium-sized businesses that were in good financial standing before the onset of the COVID-19 pandemic. CLICK HERE for more information.
April 16 - Funding has been exhausted for the $350 billion small business Paycheck Protection Program (PPP). The SBA is currently unable at this time to accept new aid applications or enroll new lenders.
April 15: Self-employed, independent contractors, and gig workers - The recently enacted CARES ACT extends unemployment benefits to freelancers, gig workers and independent contractors, who typically are not eligible. To see if you are eligible for benefits, refer to this guide created by the New Jersey Department of Labor, and to learn more about how to apply for benefits refer to this guide. Note: The application is not available yet (as of 4/15).
Tuesday, April 14: Senate & General Assembly Establishes NJ Hospitality Emergency Loan Program in NJEDA to provide no-interest loans to qualified small hospitality businesses; makes $5 million appropriation to NJEDA.
Updated April 9: Small Business Guide & Checklist For COVID-19 Loans (from the U.S. Chamber of Commerce).
April 4: Paycheck Protection Program (PPP) - The Paycheck Protection Program is perhaps the biggest item for business owners in the $2 trillion Coronavirus Aid, Relief and Economic Security, or CARES, Act that was passed last week by the federal government.
March 31, 2020: Tourism Assistance - CARE Act (US Travel Association)
March 31: COVID-19 SCENARIOS & BENEFITS AVAILABLE FOR EMPLOYEES (Chart from the NJ Dept of Labor).
March 31: Presentation from 3/31 webinar with Tim Sullivan, Chief Executive Officer of the New Jersey Economic Development Authority (NJEDA) explaining its Economic Relief Package with initiatives aimed at stabilizing and revitalizing local small businesses, mid-size businesses, and other early-stage companies.
NJEDA COVID-19 ECONOMIC RELIEF PROGRAMS
- Determine if you are eligible for NJEDA COVID-19 programs, HERE
- Determine the potential size of your grant, HERE
- Recording of 3/31 webinar with NJEDA's Tim Sullivan, HERE
March 26: NJEDA Announces New Initiatives to Support Businesses (Document). More information about these new initiatives is a available HERE.
New Jersey small business owners impacted by the COVID-19 pandemic may apply for financial assistance through the Small Business Administration.
Slide show presented by Rep. Josh Gottheimer at Coronavirus Briefing on March 17 outlining the SBA’s Economic Injury Disaster Loan Basics. (Click Here for this is a very informative basic document to help you understand the process)
March 18: Families First Coronavirus Response Act: What Employers Need to Know