Category: News

NJEDA Receives USEDA Grant to Expand Small Business Emergency Assistance Loan Program

TRENTON, N.J. (September 1, 2020) – The New Jersey Economic Development Authority (NJEDA) today announced a $10 million expansion of its Small Business Emergency Assistance Loan Program to help support small businesses and nonprofits impacted by the COVID-19 pandemic. The expanded program will be capitalized by a grant received from the United States Economic Development […]

New PPP Forgiveness Information (Updated 6/16/2020)

Forgiveness is based on the employer maintaining or quickly rehiring employees and maintaining salary levels. Forgiveness will be reduced if full-time headcount declines, or if salaries and wages decrease. The loan forgiveness form and instructions include several measures to reduce compliance burdens and simplify the process for borrowers, including: Options for borrowers to calculate payroll [...]

SBA Economic Injury Disaster Loans: Assistance for U.S. Businesses Affected by the COVID-19 Outbreak

The U.S. Small Business Administration (SBA) has set aside $50 billion in low-interest Economic Injury Disaster Loans (EIDL) for “on-going” small businesses affected by the Coronavirus. Individual businesses may apply for up to $2 million per loan. Please Note: The EIDL loans are not for a loss of income but to keep your businesses “afloat” […]

NJEDA Begins Accepting Micro Business Loan Program Applications

News Release CONTACT: New Jersey Economic Development Authority NJEDA Begins Accepting Micro Business Loan Program Applications TRENTON, N.J. (December 18, 2019) – The New Jersey Economic Development Authority (NJEDA) today announced that it is now accepting applications for its Micro Business Loan Program. Designed to provide financing to early-stage and micro businesses in New […]

NJEDA Begins Expands its Micro Business Loan Program

On June 9, 2020, the NJEDA Board approved an expansion of the Micro Business Loan Program to provide support to a wider range of New Jersey micro businesses. The application for the expanded program is currently in development, and expected to be available in July 2020. NJEDA has suspended accepting applications for this program until […]

PRESS RELEASE: America’s SBDC New Jersey Has Banner Year in Assisting Small Business

Reprinted from Click here for original press release Contact: 973.353.1927 New Jersey’s Small Business Development Centers Helped Its Clients Create and Save Jobs February 22, 2017 (Newark, NJ) – America’s SBDC New Jersey Headquarters, located at the Rutgers Business School, issued its small business deliverables impact accountability report for 2016. The 12-center network, [...]

Small Business Saturday Becomes a New Holiday Tradition

Republished from NJTV. To read original article, please click here. This holiday “tradition” is fast becoming a staple among Americans: Small Business Saturday. The “shop local, eat local” push toward community stores and restaurants falls between Black Friday and Cyber Monday. “With a small business owner, you’re going to get value, you’re going to get [...]