SNJDC COVID-19
MEMBER UPDATE

April 6, 2020
Small Business Emergency Assistance Loan & Grant Programs
On Monday, April 13 at 9:30 a.m. the NJEDA will launch the application for its Small Business Emergency Assistance Loan Program, a $10 million pool of money that provides loans of up to $100,000 a year for companies with revenue up to $5 million a year. The application requirements will be published later today. 

Click here for more information.
U.S. Small Business Administration Paycheck Protection Program
On Friday, the U.S Small Business Administration’s applications went live for its $349 billion COVID relief loan program.

The Federal SBA program is working for those who have relationships with participating banks; however as with all these programs, there is an application bottleneck.

Contact your banker or v isit SBA.gov for more information.
Personal Protective Equipment
NJ is still grappling with a PPE shortage. Sourcing ventilators presents a huge problem as there is a severe shortage and price gouging continues to be an ongoing issue. Additionally, some are proving inoperable. Shortages of certain medications is beginning to emerge as the next problem.

As NJ is sourcing much of these items from throughout US and abroad, any member with access to a corporate jet, the State of NJ is welcoming use. If you have any supplies (masks, gloves, etc.) and are able to donate please visit ppedonations@njsp.org . 

Southern NJ Development Council | (856) 228-7500 | snjdc.org