COVID-19: “Stay Home” and Financial Assistance

COVID-19 Financial Assistance

On March 21, 2020, Governor Murphy announced a statewide stay-at-home Order, closure of all non-essential retail businesses.

Executive Order No. 107

To help with the spread of COVID-19 and protect the capacity of New Jersey’s health care system for the state’s most vulnerable residents, Governor Phil Murphy signed Executive Order No. 107, advising all residents to stay at home until further notice.

In effort to strengthen the current social distancing measures, the order also prohibits all gatherings of individuals, such as parties, celebrations, or other social events. When in public, individuals must practice social distancing and stay at least six feet apart whenever possible.

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SBA Disaster Loan Assistance

U.S. Small Business Administration is making the process for receiving disaster assistance much faster and easier. Under the revised criteria on March 17th, disaster assistance loans should be made available statewide. The SBA’s Economic Injury Disaster Loans can offer up to $2 million in assistance for a small business, which should provide a temporary relief mitigating a loss of revenue the businesses have been experiencing due to actions related to Coronavirus.

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