The New Jersey Economic Development Authority (NJEDA) recently announced that the date for pre-registration for Phase 2 of its Small Business Emergency Assistance Loan Program, which was originally scheduled to open on February 10, 2021, has been deferred. The NJEDA has yet to announce the new pre-registration date.
Designed to deliver low-cost, flexible financing, loans under this program will provide qualifying borrowers with funds for payroll, rent and/or mortgage payments, inventory, utilities, personal protective equipment and certain types of furniture, fixtures and equipment.
Sax will continue to update you as further details are made available. Reach out to your Sax advisor or email covid19@saxllp.com with questions. For more and on-going information relative to your state and business, visit Sax’s COVID-19 Resource Center.