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As the news about COVID-19 continues to unfold, the Hugo Neu Realty Management team would like to offer some practical guidance for our small businesses that have made Kearny Point what it is today. We’re continuing to follow the guidance of the CDC, along with various local, state, and national public health officials. Know that our team is taking the necessary steps to ensure the cleanliness of Building 78, while instituting some new restrictions on building access and common area usage throughout the building.
These uncertain times can have ripple effects for small businesses, and the Hugo Neu team is here to help our community navigate these uncharted waters. We don’t know what the future holds in terms of business assistance programs, but please refer to these existing resources for small businesses and entrepreneurs:
SBA Coronavirus Resources: The U.S. Small Business Association has compiled helpful information for small business owners, including guidance on how to prevent or address issues related to COVID-19, along with links to important programs that may be able to help some small businesses that are in need during this time.
For more information on the process for establishing the EIDL (Economic Impact Disaster Loan) program in NJ please review this document.
If you do not have access to credit, you may be eligible for a low-interest loan from the SBA. Currently, rates start at 3.75% for small businesses and 2.75% for non profits.
As NJ Governor Murphy prepares to assess the need for assistance programs, the SBA is asking our small business community to participate in a very brief survey regarding the economic impact experienced as a result of the Coronavirus (COVID-19) to better define and expedite the need for the SBA to provide an Economic Impact Disaster Loan.
This information will be sent directly to the SBA Representatives of our State.
If your business has been directly affected by this crisis and if you feel a low cost loan is needed to keep your business operating please take this first step and help us let our Governor know.
Coronavirus FAQ for New Jersey Businesses: Business.NJ.gov has created a running list of FAQ’s regarding the virus’ impact on businesses throughout the state. This list is being updated daily, and provides specific insight into how to address the growing impact that COVID-19 has had on New Jersey’s business community. Bookmark this page to follow the latest updates regarding economic assistance available to local businesses, benefits for impacted individuals, and best practices for employers.
We will continue to keep the Kearny Point community up-to-date with additional information surrounding public and private assistance programs.
Contact us to book a tour, plan an event or inquire about leasing availabilities.