September 21, 2021
Hurricane Small Business Administration (SBA) has set up locations in Gloucest County to provide resources for businesses affected by Ida / Gloucester County Tordo.
Disaster Recovery Resources includes federal, state, and local funding, including a Gloucester Small Business Enterprise that offers low interest loans of up to $ 35,000.
“Glory County is ready to help our small businesses and residents affected by Hurricane Ida to help rebuild and rebuild England and Gloucester County,” said Director Robert M. Dammir.
Commissioner Heather Siemens, Economic Development and Public Works Coordinator, said: “Representatives are in two places to assess which programs are best suited for individual businesses and to help complete the implementation process.” “The Gloucester County Economic Development Team is in contact with affected businesses to inform them of recovery resources, including Covin and hurricane-related needs in some cases. Local businesses are the backbone of our economy and we are committed to recovery. . ”
There are two places to get help for small businesses:
FM Emergency Resource Center (DCC) at Mulilica Hill Library, 389 Wolfter Station Road, Mulica Hill, NJ 08062
- Monday to Friday – 7 a.m. – 7 p.m.
- Saturday – 10 a.m. – 5 p.m.
- Sunday – 1pm – 5pm
SBA Small Business Rehabilitation Center, 401 Main Street, Mantua City, NJ 08051
- Monday through Friday from 8 a.m. to 4:30 p.m.
- Saturday and Sunday from 10 a.m. to 4 p.m.
The FEMA Disaster Recovery Center and Small Business Recovery Center can assist with applications in the following programs:
Risk Loans for Small Business Administration
SBA low-interest loans are available to homeowners, tenants, businesses of all sizes, and most nonprofits. Similar to FEMA, SBA cannot duplicate benefits for insurance-covered losses.
- For small businesses, water farming and most nonprofits, up to $ 2 million is available for working capital needs, even if there is no property damage, and a maximum loan of $ 2 million for any property loss and working capital needs.
- For homeowners – Up to $ 200,000 available to repair or replace their original home.
- For homeowners and tenants – up to $ 40,000 to replace private property, including vehicles.
Businesses and residents can apply online https://disasterloanassistance.sba.gov
NJEDA Henri / Ida Business Assistance Grant Program
The Henry / Ida Relief Program is designed to affect business and non-profit hurricanes. The program offers an August rent or mortgage refund of $ 1,000 to $ 5,000. The program is limited to New Jersey-based small businesses and non-profits with up to 50 full-time counterparts in the final WR-30 Form (Q2 2021) with the NJ Department of Labor and Human Resources Have a business space inside. Landlords and home-based businesses are not eligible for assistance through this program.
NJEDA launches online application at https://www.njeda.com/henri-ida-relief/. Applications will be evaluated on a first-come, first-served basis.
For more information on the Henry Ida program, visit https://www.njeda.com/henri-ida-relief/.
Commissioner Robert M. Dammer and Commissioner Heather Simons also want to remind residents that the Gloucester Small Business Indirect Loan Program is available to local Globus County businesses.
Gloucester County Small Business Indirect Loan Program
The Gloucester County Board of Commissioners, in collaboration with CBAC, has established the Gloucester Small Business Indirect Loan Program. The Cooperative Trade Support Corporation (CCC) is certified by the US Treasury Department as a development finance institution. We work with our small businesses to help Glossor County businesses grow and recover. After the loan closure, CCCC assists businesses in accounting, marketing, operations and general business consulting. Technical Support (CCC) helps clients have a successful business within the client.
- Up to $ 35,000 directly from the Gloucester Small Business revolving loan program
- Alternatively, our loan may be combined with a larger loan in conjunction with other lenders, but it may not reproduce the benefits covered by the insurance, SBA or NJEDA Ida Business Assistance Program.
- $ 1,000 to $ 35,000 is available for most new enterprises and existing businesses. The term is generally one to six years, depending on the size of the loan.
Permitted loan usage:
- When buying real estate, fixed assets, furniture, supplies, materials, equipment, and / or working capital and improving your cash flow, reconsider your existing debt.
CBAC is here to help you with the Gloucester County Small Business Revolving Loan Program! Call 856-966-8181 for more information or email us at info@CBACLenders.com. Visit https://www.cbaclenders.com/need-a-loan for a loan online
For updated information, please visit https://www.gloucestercountynj.gov/1277/Gloucester-County-Tornado-912021 or call the Tornado Hotline (856) 307-4805.
This press release was issued by the Gloucester County Government. The views expressed herein are those of the author.