Health and government officials are working together to maintain the safety, security and health of the American people. Small businesses are encouraged to do their part to keep their employees, customers and themselves healthy.
The United States Small Business Administration has implemented Disaster Loan Assistance that will offer up to 2 million dollars to small business to help overcome loss of revenue they are experiencing.
These loans may be used to pay fixed debts, payroll and other bills that can’t be paid because of disaster impact. Interest rate is 3.75% for small business and 2.75% for non-profits. Terms will be determined by case by case basis.
More information on the program can be found: https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources
Direct link to the Disaster Loan application: https://disasterloan.sba.gov/ela/
For questions, call 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail: disastercustomerservice@sba.gov.
Tom Bianco, Director
Gloucester County
Dept. of Economic Development
115 Budd Blvd.
West Deptford, NJ 08096
Office-856-384-6956
Cell-856-417-6632