Latest assistance for you and your business provided to you by MACOC
Please see the email below from the NJBAC regarding the latest on the new round of PPP loans which can be available as early as Monday, January 11th.
And scroll down to read the daily update from the NJ Chamber of Commerce with further information about the loans and more.
Email from New Jersey Business Action Center

From: 'Willoughby, Melanie' via MACOC Information

FYI – SBA published the press release below. This announces that the Paycheck Protection Program is restarting this Monday and the 2nd draw loan program starting on Wednesday.
SBA and Treasury Announce PPP Re-Opening; Issue New Guidance
WASHINGTON – The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced today that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on Monday, January 11, and Second Draw PPP Loans on Wednesday, January 13. The PPP will open to all participating lenders shortly thereafter. Updated PPP guidance outlining Program changes to enhance its effectiveness and accessibility was released on January 6 in accordance with the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act.
This round of the PPP continues to prioritize millions of Americans employed by small businesses by authorizing up to $284 billion toward job retention and certain other expenses through March 31, 2021, and by allowing certain existing PPP borrowers to apply for a Second Draw PPP Loan.
“The historically successful Paycheck Protection Program served as an economic lifeline to millions of small businesses and their employees when they needed it most,” said Administrator Jovita Carranza. “Today’s guidance builds on the success of the program and adapts to the changing needs of small business owners by providing targeted relief and a simpler forgiveness process to ensure their path to recovery.”
“The Paycheck Protection Program has successfully provided 5.2 million loans worth $525 billion to America’s small businesses, supporting more than 51 million jobs,” said Treasury Secretary Steven T. Mnuchin. “This updated guidance enhances the PPP’s targeted relief to small businesses most impacted by COVID-19. We are committed to implementing this round of PPP quickly to continue supporting American small businesses and their workers.”
Key PPP updates include:
  • PPP borrowers can set their PPP loan’s covered period to be any length between 8 and 24 weeks to best meet their business needs;
  • PPP loans will cover additional expenses, including operations expenditures, property damage costs, supplier costs, and worker protection expenditures;
  • The Program’s eligibility is expanded to include 501(c)(6)s, housing cooperatives, direct marketing organizations, among other types of organizations;
  • The PPP provides greater flexibility for seasonal employees;
  • Certain existing PPP borrowers can request to modify their First Draw PPP Loan amount; and
  • Certain existing PPP borrowers are now eligible to apply for a Second Draw PPP Loan. 
A borrower is generally eligible for a Second Draw PPP Loan if the borrower:
  • Previously received a First Draw PPP Loan and will or has used the full amount only for authorized uses;
  • Has no more than 300 employees; and
  • Can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020.
The new guidance released includes:
For more information on SBA’s assistance to small businesses, visit or or

Melanie Willoughby
Executive Director
33 West State Street
P.O. Box 820
Trenton, NJ 08625-0820
P: 609-633-8301
C: 609-462-6917
NJDOL Set to Distribute Extra Unemployment Benefits
$300 Payments On Way to Workers...Click Here To Learn More
Governor Murphy Signs Historic Economic Recovery Legislation
Bill Will Provide Aid to Small Businesses and Usher in
New Era of Economic Development
TRENTON – Governor Phil Murphy today signed into law the landmark New Jersey Economic Recovery Act of 2020, which will provide economic support for small businesses, while propelling New Jersey’s economic recovery and growth for much of the next decade.
he legislation includes a host of new initiatives including the Main Street Recovery Finance Program, which will provide a direct $50 million appropriation for grants, loans, loan guarantees, and technical assistance to small and micro businesses. 
More Help for NJ Businesses - see below
Click here to read NJ Chamber of Commerce news for NJ businesses
as of 1/8/21.
US Chamber of Commerce published a small business
a social media Communication Kit
which could be useful in restarting and rebuilding your business.
The site will be updated as new information becomes available.

Business Questions?
Contact the NJBAC Business Helpline:

· One Jersey Pledge: For Customers and For Employees

The NJBAC recently put together a comprehensive list of all available resources. Click on following for information.


Businesses can also call 800-JERSEY-7.
· NJ 24-Hour COVID-19 Health Hotline: 800-222-1222

Federal Resources
· SBA Hotline: 800-659-2955

Additional Resources
The Small Business Association has set up a Guidance for Businesses and Employers to Plan and Respond to Coronavirus Disease (COVID-19)
Matawan-Aberdeen Chamber of Commerce Website
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