COVID-19 Resources for Small and Mid-Sized Businesses
Many business owners have questions about the new laws and regulations enacted in response to the COVID-19 health emergency. We are here to help.
This page contains a collection of resources to assist small and mid-sized businesses navigate the new laws, regulations, and government guidance. For example, are you confused about whether you are eligible for a loan under the Paycheck Protection Program established by the federal Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”)? We have you covered. We will continue to update this page as the situation evolves. Please reach out if you have any questions that are not answered here.
LOAN PROGRAMS
Updates on Availability of Funds - April 24, 2020
Updates on Availability of Funds - April 16, 2020
- On April 16, 2020, the SBA announced it is unable to accept new applications for Paycheck Protection Program loans or the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances) based on available appropriations funding.
- In addition, as of 12:00pm on April 16, 2020, applications for the NJEDA Small Business Emergency Assistance Loan program closed.
- Grants Under the NJEDA Small Business Emergency Grant Program were oversubscribed within approximately an hour on April 3, 2020, and applications are closed. The announcement can be found here.
Paycheck Protection Program Under the Federal CARES Act
- Sample Application Form for Paycheck Protection Program Loan - Small Business Administration
- FAQs Regarding Loans Under Paycheck Protection Program - Small Business Administration
- Interim Final Rules Regarding Paycheck Program - Small Business Administration
- PPP Updates: Safe Harbor and Guidance on Good-Faith Necessity Certification, May 13, 2020 - Pashman Stein Walder Hayden Memo
- PPP Updates: Safe Harbor, Audits & Employees Who Reject Rehire Offer, May 8, 2020 - Pashman Stein Walder Hayden Memo
- Overview of Paycheck Protection Program, April 8, 2020 - Pashman Stein Walder Hayden Memo
- Assistance for Small Businesses - U.S. Department of Treasury
- U.S. Treasury guidance on eligibility and terms of loans under the Paycheck Protection Program - U.S. Department of Treasury
- Coronavirus (COVID-19) Small Business Guidance & Loan Resource - Small Business Administration
- List of Lenders
New Jersey Economic Development Authority
- N.J. Small Business Emergency Loans Application Guidance - New Jersey Economic Development Authority
- N.J. Small Business Emergency Loans Application Walkthrough - New Jersey Economic Development Authority
- N.J. Small Business Emergency Loans - Pashman Stein Walder Hayden Memo
- N.J. Small Business Emergency Grant - New Jersey Economic Development Authority
- NJEDA Announces Application Launch Date for Grants for Businesses Impacted by COVID-19, March 31, 2020 - New Jersey Economic Development Authority
Economic Injury Disaster Loans
- COVID-19 EIDL Emergency Advance - Small Business Administration
EMPLOYMENT-RELATED RESOURCES
- New Jersey Amends Family Leave Act and NJ WARN Act, April 14, 2020 - Pashman Stein Walder Hayden Memo
- The CARES Act Greatly Expands Unemployment Benefits, March 27, 2020 - Pashman Stein Walder Hayden Memo
- Families First Coronavirus Response Act: Key Provisions, March 19, 2020 - Pashman Stein Walder Hayden Memo
- Employee Rights Poster: A notice that must be sent to all employees or posted at the worksite regarding COVID-19 related leave for private employers with fewer than 500 employees
- Coronavirus Resources - U.S. Department of Labor
- Coronavirus Resources - Benefits.gov
- Applying for Unemployment Insurance Benefits:
RULES AND ORDERS
- Governor Murphy’s Executive Order 123 Extending “Emergency Grace Periods” for Non-Payment of Insurance Premiums - Pashman Stein Walder Hayden Memo
- Governor Murphy’s Executive Order 122 Requiring “Non-Essential” Construction Operations to Cease and Imposing Additional Mitigation Requirements on Essential Retail Businesses and Industries
- Update on Executive Action in Trenton (EO 122), April 8, 2020 - Pashman Stein Walder Hayden Memo
- Governor Murphy’s Executive Orders 107 and 108 regarding restrictions on N.J. residents and businesses
- Governor Murphy’s Administrative Order with updates and clarifications to list of businesses permitted to operate
- List of all Executive Orders of Governor Murphy
ADDITIONAL RESOURCES
- Overview of U.S. Treasury Actions - U.S. Department of Treasury
- COVID-19 Resources for N.J. Businesses - NJ.gov