NJBIA - New Jersey Business & Industry Association
New Jersey Business & Industry Association
The 14-day priority window set aside exclusively for very small businesses seeking Paycheck Protection loans closed Tuesday, but these businesses can still submit applications to participating lenders before the program ends March 31. Although small business owners and the self-employed must now compete with larger companies for the same pot of funding, lenders say it […]
The U.S. Small Business Administration has released a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less that allows borrowers to self-certify they used the money appropriately and receive complete forgiveness. According to attorney Scott Borsack, a partner at Szaferman Lakind in Lawrenceville, the new loan forgiveness application form (3508S), […]
The U.S. Small Business Administration and the Federal Deposit Insurance Corporation have released two updates to the popular Money Smart for Small Business curriculum. The updated modules focus on banking and credit. They are available for SBA Resource Partners, financial institutions and economic development organizations to help train entrepreneurs and small business owners. Money Smart for Small Business is an […]
For the uninitiated, ChamberLink is a partnership between NJBIA and 17 local business organizations for the mutual benefit of our member companies. We coordinate our activities, join together in advocacy and offer member pricing to our events for our partners. I’m willing to bet that members of local chambers of commerce are overwhelmingly small businesses. […]
WASHINGTON – The U.S. Small Business Administration recently issued an interim final rule that will adjust monetary-based small business size standards for inflation to allow more small businesses to become eligible for the SBA’s loan and contracting programs. The interim final rule was published in the Federal Register on July 18, 2019. The SBA is adjusting its industry-specific monetary-based […]
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