Coronavirus (COVID-19) Relief Center
Coronavirus (COVID-19) Relief Center
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New Jersey
These resources – like the public health crisis itself – are constantly evolving and are only current as to the date of publication. This page was last updated on August 21, 2020.
For more up-to-date information on the relief programs available in New Jersey, we recommend that you visit the Department of Human Services or the governor's COVID-19 Resources website.
Description of Program and Relief
Micro Business Loans and Other Financial Assistance for Businesses Affected by the COVID-19 Pandemic
The New Jersey Economic Development Authority offers financial assistance to businesses throughout New Jersey, this assistance is available in different forms, such as micro business loans of up to $50,000 dollars, direct loans of up to $3 million dollars, and lease reimbursement for up to 15% percent of business’s annual lease payments, which may help ease the financial impact of the COVID-19 pandemic on New Jersey businesses.
In addition, certain conditions imposed on various forms of assistance that generally require businesses to have their employees spend a certain percentage of their time at the employer’s business facility have been waived.
Government or Lead Agency
New Jersey Economic Development Authority
Dates Available
COVID-19 guidance updated on March 18, 2020
Eligibility Requirements/Restrictions
Various eligibility requirements apply depending on the type of relief the business is seeking. Requirements may include: limits on the company’s annual total revenue, a requirement that the company employ a certain number of individuals full-time, and restrictions based on whether the company is operated for-profit or not-for-profit. Businesses should check the requirements for the specific program for which they are applying for complete details.
Application Deadlines (If Applicable)
N/A
Contact for More Information
To reach a New Jersey Economic Development Authority team member, please call (609) 858-6767; or visit contactus.njeda.com/.
List of Additional Information
Guidance on the New Jersey Economic Development Authority’s response to COVID-19 is available here.
More information about potential financial assistance is available here.
More information about the waiver of certain conditions imposed on various forms of assistance is available here.
© 2021 Paul, Weiss, Rifkind, Wharton & Garrison LLP. This does not constitute legal advice and does not create an attorney-client relationship. In some jurisdictions, this publication may be considered attorney advertising. Past representations are no guarantee of future outcomes.