We know that these are difficult and challenging times for you and your business. Please know that we remain committed to providing you with both accurate and up to date information. Currently, we have a page on our website that lists several federal and state-sponsored relief assistance programs.
GNEC Clients
If you are a GNEC client and you are requesting a modification with your current loan, please know that we must receive a request in writing. Requests should detail the reason(s) for your request, the terms you are seeking and, for how long. Please submit the request to Ms. Desiree Sealey, Director of Administration, dsealey@gnecorp.org.
For NJEDA Programs, applications are available by visiting their website at https://cv.business.nj.gov
For SBA Programs please seek assistance from your current banking institution, below is a list of institutions that can assist you.
Please note that under the CARES ACT, Economic Injury Disaster Loan (EIDL) and the Payroll Protection Program (PPP) lenders are currently entertaining their current customers. In addition there may be a delay in response time from said lenders, due to an overwhelming requests.
The Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be a term loan or used to bridge the gap while applying for direction SBA Economic Injury Disaster Loans. The package is not yet available but as soon as it is approved and becomes available then we will be sure to let you know.
Current NJ SBA lenders (please note that this is not a complete list of all national lenders):
- 1st Colonial Community Bank
- 1st Constitution Bank
- BCB Community Bank
- Columbia Bank
- Cross River Bank
- Crown Bank
- Financial Resources FCU
- First Bank
- First Commerce Bank
- Fulton Bank
- JP Morgan Chase
- Kearny Bank
- Lakeland Bank
- Magyar Bank
- Manasquan Bank
- M&T
- New Millennium Bank
- Parke Bank
- Peapack-Gladstone Bank
- PNC
- Provident Bank
- Santander Bank
- Sturdy Savings Bank
- TD Bank
- The First National Bank of Elmer
- Unity Bank
- Wells Fargo
Additional Resources
Please note the other resources that may be of assistance are Statewide Hispanic Chamber of Commerce, Association, Rising Tide Capital, African American Chamber of Commerce and the New Jersey Veterans Chamber of Commerce.
In the wake of COVID-19. We at GNEC stand in support with all those affected in the entrepreneurial ecosystem. We recognize that this new normal may feel challenging and uncertain and for this reason we want you to know that we are here to support you in what ways we can. We have curated a few links of resources to help you navigate digitally. We recognize the current and long term impact that this crisis will have on the businesses and communities we serve and we will continue to monitor programs and tools to share with all of you through all means at our disposal.
Please regularly check our website at www.gnecorp.org for updates and we encourage you to support local businesses and share with your networks. As with the rest of the nation we are following CDC guidelines and are operating on a remote schedule so please feel free to email us at info@gnecorp.org and we will do our best to respond as quickly as possible. Those of us at GNEC wish the best to all of you, our local businesses, and all of those impacted across the world. Be kind, be safe, and be productive.
Below is a list of resources curated for you.
