Relief is available from FEMA, NJEDA and SBA for businesses impacted by Hurricane Ida.
FEMA representatives will meet with residents and business owners seeking information and assistance from damages associated with the remnants of Hurricane IDA. On Friday, September 24, 2021, FEMA will see residents between 9 a.m. - 5 p.m. at the Community Arts Center, 721 Cranbury Road, East Brunswick NJ.
If you are unable to attend, or prefer you still can receive assistance at http://www.DisasterAssistance.gov or by calling 1-800-621-FEMA (3362). The TTY number for the hearing or speech impaired is 1-800-462-7585 (TTY). Calls are accepted seven days a week from 7 a.m. to 10 p.m.
The Henri/Ida Business Assistance Grant Program, administered by the NJEDA, provides short-term, immediate August rent or mortgage reimbursement to New Jersey small and medium-sized businesses and non-profits that have suffered physical damage as a result of the remnants of Hurricane Henri and/or Hurricane Ida.
- Benefits: August 2021 rent or mortgage reimbursement up to $5,000.
- Eligibility: Businesses and nonprofits with up to 50 employees, a commercial location in New Jersey, and an August rent or mortgage payment of at least $1,000 that were impacted by Hurricane Henri and/or Hurricane Ida.
- Learn more: https://www.njeda.com/henri-ida-relief.
The U.S. Small Business Administration offers low-interest disaster loans.
Two loans are being offered for businesses:
- Economic Injury Disaster Loans helps small businesses and other organizations meet working capital needs caused by the disaster. Economic Injury Disaster Loan assistance is available regardless of whether the business suffered any physical property damage.
- Physical Disaster Loans helps businesses or other organizations borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.
Businesses in Bergen, Gloucester, Hunterdon, Middlesex, Passaic, and Somerset counties in New Jersey are eligible for both Physical Disaster Loans and Economic Injury Disaster Loans from the SBA.
Small businesses and most private nonprofit organizations in the following adjacent counties are eligible to apply only for SBA Economic Injury Disaster Loans: Atlantic, Camden, Cumberland, Essex, Hudson, Mercer, Monmouth, Morris, Salem, Sussex, Union and Warren in New Jersey.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website and should apply under SBA declaration # 17143.
Application Support
The NJ Small Business Development Centers (NJSBDC) can assist your business with completing your SBA disaster loan application at no cost. Contact the NJSBDC Capitol Team for assistance.
Additional Application Access Considerations
Watch a short video on how to apply to disaster assistance loans by the SBA.
To be considered for all forms of disaster assistance, applicants should register online at DisasterAssistance.gov or download the FEMA mobile app.
If online or mobile access is unavailable, applicants should call the FEMA toll-free helpline at 800-621-3362. Those who use 711-Relay or Video Relay Services should call 800-621-3362.
Businesses and individuals may also obtain information and loan applications by calling the SBA’s Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard-of-hearing) or emailing DisasterCustomerService@sba.gov.
Source: https://business.nj.gov/recent/ida
Learn about all Tropical Storm Ida Information and Resources.