Gottheimer Announces Emergency Resources to Help North Jersey Small Businesses During Coronavirus Outbreak

Mar 19, 2020

North Jersey businesses can now apply for SBA resources to help pay employees

On Thursday, March 19, 2020, U.S. Congressman Josh Gottheimer (NJ-5) announced that the U.S. Small Business Administration (SBA) has named New Jersey a declared disaster state in response to the novel coronavirus (COVID-19) outbreak. 

This declaration will allow small business owners in North Jersey impacted by the outbreak to apply for resources to help them pay employees, accounts payable, and other bills that cannot be paid because of the impact of the coronavirus. As part of the bipartisan emergency legislation Gottheimer supported and that was signed into law last week, the SBA can now provide up to $7 billion in low-interest loans to small businesses impacted by COVID-19. 

“Small businesses are truly the bedrock of our North Jersey community. They’re our job creators. Throughout this public health crisis, I’ve been talking with small business owners in North Jersey who are concerned about being able to keep their doors open and pay their workers at a time where consumer demand is unpredictable,” said Congressman Josh Gottheimer (NJ-5). “These SBA resources are a critical first step, and I am going to continue fighting to help local businesses throughout the Fifth District remain operational and able to pay their employees during this outbreak.” 

Earlier this week, Gottheimer, along with Congressman Rodney Davis (IL-13), led a bipartisan group of 14 Members of Congress to call on congressional leadership, as they explore further economic stimulus legislation, to consider extending Unemployment Insurance for gig and freelance workers, raising the U.S. Small Business Administration’s (SBA) maximum loan amount, allowing the SBA to provide direct loans, and extending the payroll tax credit to businesses beyond the 500-employee limit.

New Jersey has more than 860,000 small businesses, which makes up 99.6% of all businesses in the state. 1.8 million people in New Jersey are small business employees, making up 49.6% of all employees within the state. 

More information on the SBA’s disaster assistance loan program can be found on their website HERE.


Recent Posts

May 24, 2024

RELEASE: Gottheimer Joins Congregation Bnai Yeshurun to Discuss Rising Antisemitism and Standing Against Hate at Home

Above: Gottheimer speaking at Congregation Bnai Yeshurun. TEANECK, NJ — U.S. Congressman Josh Gottheimer held a fifth community discussion at Congregation Bnai Yeshurun. Gottheimer dialogued with Rabbi Elliot Schrier about rising antisemitism — online, on campuses, and in North Jersey communities — and his work to combat it. During the event, Congressman Gottheimer highlighted the record […]

May 23, 2024

RELEASE: Gottheimer, D’Esposito Introduce New Legislation to Hold the MTA Accountable for its Hypocrisy

Above: Gottheimer and D’Esposito announcing new legislation to stop MTA CEO Janno Lieber from using federal funds for a taxpayer-funded vehicle. WASHINGTON, DC — Today, Thursday, May 23, 2024, U.S. Representatives Josh Gottheimer (NJ-5) and Anthony D’Esposito (NY-4) introduced new legislation to stop MTA CEO Janno Lieber’s continued Congestion Tax hypocrisy. While hardworking commuters, nurses, teachers, […]

May 22, 2024

RELEASE: House Passes Gottheimer-led Bipartisan Legislation to Modernize Crypto Regulation and Protect Consumers

Above: Gottheimer on the House floor. WASHINGTON, DC — Today, Wednesday, May 22, 2024, the Financial Innovation and Technology for the 21st Century Act (FIT21), which U.S. Congressman Gottheimer helped negotiate in the Financial Services Committee, passed the House with bipartisan support. This bipartisan legislation clarifies regulation for digital assets, bolsters consumer protection, and ensures […]