New Jersey COVID-19 Business Information

Up-to-date information for businesses on reopening from COVID, including rules and guidance that must be followed, economic assistance programs, and other resources.

What county and local government financial assistance programs are available for my business?

Updated:
January 26, 2021

Atlantic County

The Economic Injury Forgivable Business Loan Program offered by the Atlantic County Improvement Authority will provide short-term, forgivable working capital loans of up to $25,000 with 3% interest. Owners with a 20% or greater share of the business must provide personal guarantees. An application fee of $200 is required.

Principal and interest will be deferred for two years and then forgiven if the business is still operating. The loan will enter repayment status immediately if the business closes within that time, and the principal plus accumulated interest will be amortized with monthly payments due over a five-year period at 3%.

Business must submit a statement of coronavirus business disruption and/or revenue loss and describe how the loan will be used to retain existing employees.

Source:

NJEDA