10,000 SBA Covid-19 Economic Injury Disaster Grant Available To Small Businesses

Yolanda Curtis
March 31, 2020

The ADA and Academy of Dental CPAs have developed a fact sheet explaining the key Small Business Administration loan options available for employers. "Right now, they need us". Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses who maintain their payroll during this emergency.

The SBA has streamlined the application process into a simple online form.

"We're very fortunate that we've got all these reports of landlords being generous and offering flexible terms, our public utilities in Central Indiana offering flexible terms, but that is not going to be enough to help enough as many of these businesses survive this very, very challenging time", Huber said.

Medical students and physician assistants from Touro University Nevada wait to screen people in a temporary parking lot shelter at Cashman Center, with spaces marked for social distancing to help slow the spread of the coronavirus disease (COVID-19), in Las Vegas, Nevada, March 30, 2020. Participants were advised on how to calculate potential loan amounts and how to best prepare to apply for a loan.

Like most small business owners, Ream was relieved when Congress passed the COVID-19 relief bill. "The Chamber is prepared to work side-by-side with them to help secure the SBA funding that will be so critical to their recovery". Additionally, most banks have adopted a payment deferral program for business loans under guidance from banking regulatory agencies, and many banks are working directly with consumers on payment deferrals for certain consumer loans. The portal can be found at http://cv.business.nj.gov/. The NJEDA is committed to making New Jersey a national model for inclusive and sustainable economic development by focusing on key strategies to help build strong and dynamic communities, create good jobs for New Jersey residents, and provide pathways to a stronger and fairer economy.

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