Now is the time to prepare for the road to recovery. With changes constant and released guidance on-going, lean on Sax to stay in the know with the most recent updates made to the relief programs, forgiveness clarifications, best practices for securing aid, and more.
The pre-registration and application process for Phase 2 of the Small Business Emergency Assistance Program was originally slotted for February 10, 2021 but is now expected to be available in July 2021. Read more here.
We have been awaiting guidance from the HHS on the reporting requirements for the PRF funds received, and just received that information on June 11, 2021. Read more here.
Applications are now open for NJ’s Emerge Program, created under the New Jersey Economic Recovery Act (ERA) of 2020 and administered by the New Jersey Economic Development Authority (NJEDA). Read more here.
On May 4, the SBA announced that the funds allocated to the Paycheck Protection Program general fund had been exhausted. However, there are still funds reserved for certain groups. Read more here.