SBA Small Business Disaster Loans

Posted on March 19, 2020

The U.S. Small Business Administration approved Governor Murphy’s application for assistance and will now offer low-interest federal disaster loans for working capital up to $2 million to New Jersey small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19).

Applicants may apply online, receive additional disaster assistance information, and download applications at: https://disasterloan.sba.gov/ela.

Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance.

Please see this link to download a PowerPoint presentation on “Applying for SBA Economic Injury Disaster Loans (EIDL).” This is a read-only file. It will ask for a password. Instead, please click “Read Only”on right to continue reading. (Click here for PDF version of Slide Screenshots.)

See also: SBA Economic Injury Disaster Loans – NJ Fact Sheet

Business counseling is available from resource partners at the New Jersey Small Business Centers, SCORE and the Women Business Centers who are available to assist and counsel small business owners via Skype and conference calling if they should need assistance throughout the application process.

Source: Office of Senator Robert Menendez