March 21, 2020: In response to the coronavirus (COVID-19) pandemic, Governor Murphy announced a statewide stay-at-home Order, closing all non-essential retail businesses until further notice.
Details of Governor Murphy’s Order
In an attempt to slow the spread of COVID-19, protect vulnerable residents, and prevent overwhelming the care capacity of the New Jersey health care system, Governor Phil Murphy signed Executive Order No. 107, which advises all residents to stay at home until further notice.
To facilitate and strengthen current social distancing measures, the order also prohibits all gatherings of individuals for social events such as parties or other celebrations. When in public, individuals must practice social distancing and remain at least six feet apart whenever possible.
Loan Assistance and the SBA
The United States Small Business Administration (SBA) is making the process for receiving disaster assistance easier and faster. As of March 17th, revised criteria allows assistance loans to be made available statewide. Economic Injury Disaster Loans through the SBA can provide up to $2 million in financial assistance for small businesses, which should provide temporary relief to companies experiencing a loss of revenue as a result of the coronavirus.
COVID-19: “Stay Home” and 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.
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.