Small Business Owners & Lenders - COVID-19

Information and Guidance for Small Business Owners:

The American Rescue Plan builds on the previous relief packages passed by Congress and provides $15 billion in Economic Injury Disaster Loans (EIDL) grants, expands Paycheck Protection Program (PPP) eligibility and provides an additional $7.25 billion in funding, includes $28.6 billion to revitalize restaurants, food, and beverage establishments and provides additional resources to help small and disadvantaged businesses navigate and access COVID relief programs

  • Details on the Paycheck Protection Programs are available here. 

  • Information on the COVID-19 Economic Injury Disaster Loan (EIDL) and the COVID-19 Targeted EIDL Advance is available here. 

  • Guidance for the Shuttered Venue Operators Grant (SVOG) program can be found here.

  • U.S. Chamber of Commerce Checklist for Small Business Owners is available here.

  • Small Business Guidance & Loan Resources from the SBA are available here.

Additional Small Business Resources: 

  • NJ.gov offers guidance for all NJ businesses being impacted by the coronavirus here.

2020 CARES Act information:

The CARES Act provided more than $375 billion in Small Business relief, including $349 billion for low-interest and forgivable loans; $17 billion for debt relief for current and new SBA borrowers; and $10 billion in disaster grants.

  • You can access a small business owners guide to the CARES Act here. 

  • A guide for small business owners and nonprofits can be found here.

  • FAQs on the Paycheck Protection Program (PPP) are available here.