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Excluded New Jerseyans Fund to provide pandemic-related financial aid to undocumented individuals (read in English and Spanish) 

Human Services Acting Commissioner Sarah Adelman announced that applications for the Excluded New Jerseyans Fund (ENJF) cash assistance program are now open to eligible individuals who want to apply for the financial benefit.

The $40 million ENJF program will provide a one-time, direct cash benefit to eligible households that suffered an economic hardship due to COVID-19 and were excluded from for federal stimulus checks and COVID-19 related unemployment assistance.           

This includes undocumented individuals, residents returning from the justice system, and any other individuals otherwise excluded from pandemic-related financial help.

Households with annual incomes of up to $55,000 with a documented hardship or lost income due to COVID-19 can apply for this assistance. Eligible applicants will receive a benefit of up to $1,000 per eligible individual and a max of $2,000 per household.

Eligible individuals can go to ExcludedNJFund.nj.gov .

Sarah Adelman, Acting Commissioner (Photo source)

Applications will be processed in the order they are received and until funds are exhausted.

The ENJF program is run by the Department’s Office of New Americans (ONA).

“Eligible individuals can now apply for the Excluded New Jerseyans Fund and start the process to get this critical assistance,” Acting Commissioner Adelman said. “If you did not receive federal stimulus checks and pandemic unemployment assistance, you may be eligible. If you were impacted by COVID and struggled to pay for basic needs including housing, you may be eligible. Visit our website, find out if you are eligible and apply today.”

“We are glad we can extend this assistance to individuals who need it,” Deputy Commissioner Elisa Neira said. “Eligibility requirements are on the ExcludedNJFund.nj.gov website. If you know you qualify, the sooner you apply the better. We continue to encourage potential applicants to check if they are eligible and apply.” 

New Jersey is the seventh state to take this type of initiative, following California, Colorado, Washington, New York, New Mexico, and Oregon. It is expected that anywhere from 20,000 to 40,000 people will participate in this program. 

The state of New Jersey is committed to helping all families rebuild post-pandemic, included undocumented individuals and others who did not previously receive pandemic benefits. 

“The Excluded New Jerseyans Fund builds on Governor Murphy’s commitment to create an economy that works for all New Jerseyans. COVID-19 impacted many New Jersey families but not all were able to receive federal COVID assistance and relief. This fund can help make up for that,” said Deputy Commissioner Neira. “We know that many families impacted by COVID-19 continue to need support. We encourage residents who think they may qualify for this one-time cash assistance program to check their eligibility and apply at ExcludedNJFund.NJ.gov

How to Apply

Applicants will have to submit supporting documents demonstrating:

  • Exclusion from federal COVID-19 stimulus checks and Pandemic Unemployment Assistance;
  • Annual household income;
  • Identification and residency; and
  • Financial hardship due to COVID-19 caused by lost income due to reduced hours/lay off, inability to work due to isolation/quarantine, or due to their child’s remote school learning schedule, illness and/or death due to COVID-19, or inability to pay bills due to loss of income.

Applicants will be able to submit their documents online through a document upload service where they can upload PDFs, screenshots, or images of the supporting documents. Applicants are encouraged to upload all or as many of the required documents as this will help their application move through the approval process faster.

While supporting documents such as proof of identity and eligibility will be requested as part of the application process, applicants will not be asked to submit data related to their place of birth, citizenship or immigration status.

Applications for the Excluded New Jerseyans Fund (ENJF) are now open. (Image via Instagram)

For a list of documents that may be used to prove eligibility, visit here.

Individuals will have to confirm their eligibility before they are able to start the application process. Eligibility requirements for the program may be found here.

Free application assistance is available. For a list of community organizations who can help with filling out the application and answer questions, visit here.

Applications will be reviewed on a rolling basis. Eligible applicants can expect to receive their benefit within 2-3 weeks after being notified that they are eligible.

“This assistance will be available until funds run out so we urge individuals who meet the eligibility requirements for these benefits and who can provide the required documentation to apply soon starting today,” said ONA Director Johanna Calle.

You might be interested: Affordable, quality child care is top priority for NJ working families, says Commissioner Sarah Adelman 

En Español 

La comisionada interina de Servicios Humanos, Sarah Adelman, anunció que las solicitudes para el Fondo para Residentes de New Jersey Excluidos (ENJF, por sus siglas en inglés) ya están abiertas para las personas elegibles que quieran solicitar el beneficio financiero. 

El programa ENJF, dotado con $40 millones de dólares, proporcionará un beneficio directo en efectivo, de una sola vez, a los hogares que reúnan los requisitos necesarios y que hayan sufrido dificultades económicas debido a COVID-19, que hayan sido excluidos de los cheques de estímulo federal y de la ayuda al desempleo relacionada con COVID-19.          

Esto incluye a las personas indocumentadas, a los residentes que regresan del sistema judicial y a cualquier otra persona excluida de la ayuda financiera relacionada con la pandemia.

Los hogares con ingresos anuales de hasta $55.000 con una dificultad documentada o pérdida de ingresos debido a COVID-19 pueden solicitar esta ayuda. Los solicitantes elegibles recibirán un beneficio de hasta $1.000 por individuo elegible y un máximo de $2.000 por hogar. 

Los individuos elegibles pueden ir a la página ExcludedNJFund.nj.gov.

Las solicitudes se procesarán por orden de llegada y hasta que los fondos se agoten.

El programa ENJF es administrado por la Oficina de Nuevos Americanos (ONA, por sus siglas en inglés) del Departamento.

Elisa Neira, Deputy Commissioner (Photo source)

“Las personas elegibles ya pueden solicitar el Fondo para Residentes de New Jersey Excluidos (ENJF, por sus siglas en inglés) y comenzar el proceso para obtener esta asistencia crítica”, dijo la comisionada interina Adelman. “Si usted no recibió los cheques de estímulo federal y la asistencia de desempleo por pandemia, usted puede ser elegible. Si se vio afectado por COVID y tuvo dificultades para pagar las necesidades básicas, incluida la vivienda, usted puede ser elegible. Visite nuestra página web, averigüe si es elegible y solicite hoy mismo”.

“Estamos contentos de poder extender esta asistencia a las personas que lo necesiten”, dijo la Vicecomisionada Elisa Neira. “Los requisitos de elegibilidad están en la página web ExcludedNJFund.nj.gov. Si usted sabe que califica, cuanto antes lo solicite, mejor. Seguimos animando a los posibles solicitantes a que comprueben si son elegibles y presenten su solicitud.”

Nueva Jersey es el séptimo estado en tomar este tipo de iniciativas, después de California, Colorado, Washington, Nueva York, Nuevo México y Oregón. Se espera que entre 20.000 y 40.000 personas participen en este programa.

El estado de Nueva Jersey se compromete a ayudar a todas las familias a reconstruir después de la pandemia, incluidas las personas indocumentadas y otras que no habían recibido previamente los beneficios de la pandemia.

“El Fondo para Residentes de New Jersey Excluidos se basa en el compromiso del gobernador Murphy de crear una economía que funcione para todos los habitantes de Nueva Jersey. El COVID-19 afectó a muchas familias de Nueva Jersey, pero no todas pudieron recibir asistencia y alivio de COVID federal. Este fondo puede ayudar a compensar eso ”, dijo el Comisionado Adjunto Neira. “Sabemos que muchas familias afectadas por COVID-19 continúan necesitando apoyo. Alentamos a los residentes que piensan que pueden calificar para este programa de asistencia en efectivo por única vez a que verifiquen su elegibilidad y presenten una solicitud en ExcludedNJFund.NJ.gov ”.

Cómo Aplicar

Los solicitantes tendrán que presentar documentos justificativos que demuestren:

  •         Exclusión de los cheques federales de estímulo COVID-19 y de la asistencia de desempleo por pandemia;
  •         Ingresos anuales del hogar; 
  •         Identificación y que vive en NJ; y
  •         Dificultades financieras debidas a COVID-19 causadas por la pérdida de ingresos debido a la reducción de horas/descanso, la incapacidad para trabajar debido al aislamiento/cuarentena, o debido al horario de aprendizaje escolar a distancia de sus hijos, la enfermedad y/o la muerte debida a COVID-19, o la incapacidad para pagar las facturas debido a la pérdida de ingresos.

Los solicitantes podrán presentar sus documentos en línea a través de un servicio de carga de documentos en el que podrán cargar archivos PDF, capturas de pantalla o imágenes de los documentos justificativos. Se anima a los solicitantes a que suban todos los documentos requeridos, o los más que puedan, ya que esto ayudará a que su solicitud avance más rápido en el proceso de aprobación.

Aunque se pedirán documentos justificativos, como la prueba de identidad y la elegibilidad, como parte del proceso de solicitud, no se pedirá a los solicitantes que presenten datos relacionados con su lugar de nacimiento, ciudadanía o estatus migratorio. 

Las solicitudes para el Fondo para Residentes de New Jersey Excluidos ya están abiertas. (Imagen vía Instagram)

Para ver una lista de documentos que se pueden utilizar para demostrar la elegibilidad, visite aquí.

Las personas tendrán que confirmar su elegibilidad antes de poder iniciar el proceso de solicitud. Los requisitos de elegibilidad para el programa se pueden encontrar aquí.

Hay asistencia gratuita para la solicitud. Para ver una lista de organizaciones comunitarias que pueden ayudar a completar la solicitud y responder preguntas, visite aquí.

Las solicitudes se revisarán por orden de llegada. El tiempo de espera para recibir los beneficios es de 2 a 3 semanas después de que los solicitantes hayan sido notificados que son elegibles.

“Esta ayuda estará disponible hasta que los fondos se agoten, por lo que recomendamos a las personas que reúnan los requisitos para recibir estos beneficios y que puedan aportar la documentación requerida a que presenten su solicitud comenzando hoy”, dijo la directora de la ONA, Johanna Calle.

Good news for small business from the Economic Injury Disaster Loan Program

The Small Business Administration (SBA) has announced improvements to the COVID Economic Injury Disaster Loan (EIDL) program to better meet the needs of small businesses, and industries hit hardest by the pandemic. With the Delta variant, the struggle is far from over and many small businesses across the country are still in need of financial relief.  

The COVID Economic Injury Disaster Loan program is on of many SBA programs offering assistance to businesses in need. The program is a federal disaster relief loan designed to better serve and support our small business communities still reeling from the pandemic, especially hard-hit sectors such as restaurants, gyms, and hotels. 

SBA Administrator Isabella Casillas Guzman. (Photo Source)

“The SBA’s COVID Economic Injury Disaster Loan program offers a lifeline to millions of small businesses who are still being impacted by the pandemic,” SBA Administrator Isabella Casillas Guzman said in a press release

“We’ve retooled this critical program – increasing the borrowing limit to $2 million, offering 24 months of deferment, and expanding flexibility to allow borrowers to pay down higher-interest business debt. We have also ramped up our outreach efforts to ensure we’re connecting with our smallest businesses as well as those from low-income communities who may also be eligible for the companion COVID EIDL Targeted Advance and Supplemental Advance grants totaling up to $15,000.  Our mission-driven SBA team has been working around the clock to make the loan review process as user-friendly as possible to ensure every entrepreneur who needs help can get the capital they need to reopen, recover and rebuild,” Guzman continued. 

The SBA is ready to receive new applications immediately from small businesses looking to take advantage of these new policy changes.

Changes to the COVID EIDL program

The low-interest and long-term COVID EIDL program has helped millions of small business owners survive the impacts of the pandemic with its flexibility and affordability – allowing entrepreneurs to hire and retain employees, and purchase needed equipment and inventory.  

The SBA’s newest improvements will make the program even more flexible to meet the needs of struggling business owners. New improvements include: 

  • The SBA has increased the amount of funding that can be borrowed from $500,000 to $2 million for qualified applicants.  
  • The SBA has authorized COVID EIDL funds to be used to pay and prepay commercial debt and make payments on federal business debt in recognition of the financial reality many small businesses are facing during this crisis.
  • Small businesses will have time to recover from COVID-19 impacts by further deferring payments – up to two years after your loan origination date. 
  • Additionally, to help ensure the smallest businesses can access this crucial capital, the SBA has created a one-month exclusive window for businesses requesting $500,000. During this time, approvals and disbursements will focus 100% on loans $500,000 or less until October 8th, upon which approvals and disbursements will be opened up to all loan sizes.
  • Finally, to ease the COVID EIDL application process for small businesses, the SBA has established more simplified affiliation requirements to model those of the Restaurant Revitalization Fund.

You might be interested: How to still apply for Covid-19 Business Tax Credits ending Sept. 30

How to apply

Eligible small businesses, nonprofits, and agricultural businesses in all U.S. states and territories can apply. Visit www.sba.gov/eidl to learn more about eligibility and application requirements. The last day that applications may be received is December 31, 2021. All applicants should file their applications as soon as possible.

For additional information on COVID EIDL and other recovery programs please visit www.sba.gov/relief.

“As your SBA Administrator and a former small business owner myself, my goal is to make you, America’s small businesses, feel like the giants you are in our economy with programs that meet you where you are,” said Guzman.  

All business owners who have received previous loans through the SBA’s Paycheck Protection Program (PPP), Restaurant Revitalization Fund (RRF), or Shuttered Venue Operators Grant (SVOG) can still benefit from COVID EIDL. For no-cost assistance for the COVID EIDL program, and every other SBA program, go to www.sba.gov/local-assistance and connect with a local resource partner near you.

financial assistance, Women's March on Washington

State by state financial assistance in response to harsh requirements for SBA loans

State by state financial assistance seems to be the only hope in this moment of COVID-19 crisis. The SBA loans harsh requirements are selective of which businesses are going to survive and which are going to close their doors forever. The real answer seems to be coming from state legislations and how each state government evaluates the needs of its constituents.

The NJ EDA is asking all small businesses to urgently participate in a survey to help make quick decisions on how to allocate funding. Fill out the survey at the end of the article if your business is in New Jersey.

Women's March on Washington

The Economic Injury Disaster Loans are no different from any other SBA response: good credit, collateral and ability to repay, in addition to a max 3.75% interest rate, are required in a moment in which uncertainty of the COVID-19 pandemic’s economic impact is the number one concern small businesses face.

This economic impact is not measurable in the way a natural disaster would be. There is not end in sight, and when it ends, there is no certainty of how long it would take for businesses to recover.

Other state bills are asking for more comprehensive financial assistance

In contrast, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) introduced the COVID–19 Relief for Small Businesses Act of 2020, comprehensive legislation that would provide relief to small businesses facing consequences from the ongoing COVID-19 outbreak.

financial assistance

Congresswoman Nydia M. Velázquez (D-NY)

“After speaking with my Committee colleagues and hearing firsthand of the struggles facing countless small businesses due to the coronavirus pandemic, I am introducing sweeping legislation to tackle the economic hardship and fallout facing our nation’s employers and workers,” said Chairwoman Velázquez. “This bill offers across the board solutions from channeling capital to small businesses in need by providing zero-interest direct loans, grants, and loan debt relief, to increasing access to federal contracts, and equipping entrepreneurial development centers with the technology they need to serve entrepreneurs remotely.”

Key components of the bill include:

  • The creation of an SBA Business Stabilization Direct Loan Program that authorizes $100 billion to offer interest-free loans with up to 50% loan forgiveness to qualified employers.
  • The authorization of $100 billion to provide up to $100,000 in direct grants for small businesses impacted by COVID-19. These grants would be targeted to businesses that have had to close their doors temporarily due to the outbreak.
  • Immediate loan debt relief to current and new SBA borrowers.
  • Expediting and streamlining the SBA’s economic injury disaster loan program to ensure small businesses can access cash easier and faster.
  • The authorization of additional grant funding to allow SBA resource partners to ensure they can provide education and marketing materials to educate small business customers on the public health emergency and steps to protect the business and maintain operations.
  • Amending several contracting provisions to provide more opportunities for small businesses affected by the outbreak to quickly and efficiently be awarded government contracts.

Now compare these options with the actual SBA Economic Injury Loans:

To be eligible for EIDL assistance, New Jersey-based small businesses or private non-profit organizations must have sustained economic injury, as well as being located in a disaster-declared county or contiguous county, which all New Jersey counties currently are.

Credit Requirements

  • Credit History – Applicants must have a credit history acceptable to SBA.
  • Repayment – Applicants must show the ability to repay the loan.
  • Collateral – Collateral is required for all EIDL loans over $25,000. SBA takes real estate as collateral when it is available.
  • SBA will not decline a loan for lack of collateral, but SBA will require the borrower to pledge collateral that is available
  • The interest rate is determined by formulas set by law and is fixed for the life of the loan. The maximum interest rate for this program is 3.750 percent.
  • The law authorizes loan terms up to a maximum of 30 years. SBA will determine an appropriate installment payment based on the financial condition of each borrower, which in turn will determine the loan term.

lack of access to capital

In any case, we will have to wait and see how the response is state by state.

The problem is, families depending on their employers and small business owners themselves don’t have much time to wait. Thousands of small business have been force to close due to the quarantine.

The NJ Economic Development Authority  in partnership with the Office of the Governor of New Jersey, is working to develop programs and resources to support New Jersey’s business community during the COVID-19 outbreak.

SMALL-TO-MEDIUM ENTERPRISE (SME) FINANCIAL ASSISTANCE SURVEY

They’re seeking information from small-to-medium enterprise owners and leaders to inform the development of new programs and initiatives to support organizations during the COVID-19 outbreak.

The survey can be accessed at this link: https://www.surveymonkey.com/r/CVSupport.

They are trying to generate responses quickly as they will use this information to guide the development of short-term support that will be launched imminently.

You might be interested: Beyond COVID-19: Be proactive about your business cash flow

SBA Loan applications

If you want to take the plunge, here are the different ways the SBA is accepting applications. And good luck trying to enter the website!

Applicants may apply online, receive additional disaster assistance information and download applications at disasterloan.sba.gov/ela.

Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. Individuals who are deaf or hard-of-hearing may call (800) 877-8339.

Completed financial assistance applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155

Technical Assistance for Applying for SBA EIDL Loans

The State of New Jersey is currently developing plans to offer technical assistance to businesses that wish to apply for SBA disaster loans. As new information about these resources become available, it will be posted here.

Updated: March 20, 2020
Source: SBA Disaster Assistance in Response to the Coronavirus