Coronavirus Update for New Jersey Businesses 3/4/21

Today’s News for New Jersey Business:

New rules for self-employed and sole proprietors applying for Paycheck Protection loans. Restrictions are loosened for weddings and summer camps.

Breaking News – New rules have been released for self-employed and sole proprietors applying for loans under the federal Paycheck Protection Program. For these small businesses, it will mean larger forgivable loan amounts going forward. Here’s what you need to know. (CNBC)

Information on Applying for PPP Loans – Guidance and details on forgivable business loans under the Paycheck Protection Program can be found here. (U.S. Small Business Administration)

Restrictions are Loosened on Weddings and Summer Camps – Wedding receptions can proceed at 35% of a venue’s indoor capacity, up to 150 persons, Gov. Phil Murphy announced Wednesday. Outdoor weddings may have up to 150 people. Murphy also announced that summer sleepaway camps can resume their operations this summer. (ROI-NJ)

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