Pre-Registration for Phase 2 of Small Business Emergency Assistance Loan Program Deferred
On Friday, February 5, the New Jersey Economic Development Authority (NJEDA) announced that pre-registration for Phase 2 of the Small Business Emergency Assistance Loan Program will be deferred. Pre-registration was scheduled to open on Wednesday, February 10, 2021.
The Authority deferred the launch of the program to accommodate the rollout of additional federal Paycheck Protection Program (PPP) financing for small businesses. The deferral will allow the NJEDA to tailor the Emergency Assistance Loan Program to address gaps in the availability of federal financing and more effectively meet businesses’ unique needs.
The Authority has not announced a new date for the program. For more information, click here.