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This edition of the Chamber / CDC ENews is sponsored by our Chamber Member: Members 1st of NJ Federal Credit Union 856-696-0767 Bridgeton/Hopewell Office 856-453-9094 |
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UNITED STATES SBA TO PROVIDE EMERGENCY LOANS RELATED TO THE SPRING FREEZE IN NJ
The U.S. Small Business Administration on June 16 announced the availability of low-interest federal disaster loans to small businesses and private nonprofit (PNP) organizations in New Jersey to offset economic losses caused by a freeze occurring April 19 – April 22.
The disaster declaration covers all 21 New Jersey counties; the Delaware counties of Kent and New Castle; the New York counties of Bronx, New York, Orange, Queens, Richmond, Rockland and Westchester; and the Pennsylvania counties of Bucks, Delaware, Monroe, Northampton, Philadelphia and Pike.
Under this declaration, the SBA’s Economic Injury Disaster Loan (EIDL) program is available to eligible small businesses, small agricultural cooperatives, and PNPs — including faith-based organizations — with financial losses directly related to this disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for aquaculture enterprises.
EIDLs are available for working capital needs caused by the disaster and are available even if the small business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills which could not be paid due to the disaster.
The assessments, compiled by the New Jersey Department of Agriculture in coordination with the Farm Service Agency County Committees, indicated farm crop damage exceeded 30% in many areas of the state, with some growers anticipating 100% losses for certain crops.
“The catastrophic April 2026 freeze in New Jersey decimated early-blooming crops across the Garden State, causing an estimated $300 million in damages. I strongly encourage those agricultural small businesses impacted by the below freezing temperatures freeze that are located in one of the declared counties apply as soon as possible for the SBA’s EIDL option,” says Matt Coleman, SBA Atlantic Regional Administrator. “The sooner those in the agriculture business apply for assistance, the sooner they will be back and booming.”
The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.625% for private nonprofits, with terms of up to 30 years. Interest does not accrue, and payments are not due until 12 months after the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.
Learn more: Economic Injury Disaster Loans | U.S. Small Business Administration |
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In partnership with Bridgeton Beacon and Visible.Info, Bridgeton Area Chamber of Commerce launched a new virtual way for Chamber members to showcase their businesses on June 9. Participating businesses get valuable exposure and will get proferssional video clips they can use to promote their businesses. The Chamber will make these and future video clips available on its website, www.CumberlandGrows.com/VirtualExpo, via its social media, on The Bridgeton Beacon website, and by asking our members to share the videos with others. On June 9, LaLa Beading Creations, The Passion Professor, and Nantuxent Co. created clips with the technical assistance of Meghan McCormick Hoerner of The Bridgeton Beacon, and Tom Ritter of Visible.info.
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https://www.bridgetonbeacon.com/expo1/
More opportunities like this to promote your business and get valuable marketing assistance at a very low cost thanks to the partnership, will be announced. |
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Cumberland County Provided a Report on County Services and Progress at a Joint Meeting of the Bridgeton Area and Greater Millville Chambers of Commerce on June 17 at Rowan College of South Jersey, Cumberland Campus |
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Rob Connor, President of Greater Millville Chamber of Commerce welcomed everyone, acknowledged elected and other public officials attending, and thanked the sponsors of the meeting. They included Allen Associates, The City of Millville, Mayor Dan Dixon, and commissioners, The Authority, OceanFirst Bank, Inspira Health and Atlantic City Electric. The speakers from county government focused their remarks on services and projects affecting Bridgeton and Millville for the most part. Director Taylor acknowledged the County Constitutional officers in attendance, thanking them for their cooperation and efforts to improve county services and safety. They were Sheriff Michael Donato, Clerk Celeste Riley, and Surrogate Skip Luisi. Jerry Covella and Tony Stanzione announced upcoming meetings and events at the Chambers of Commerce. For more information on Greater Millville Chamber and events: www.millville-nj.com. For more information on Bridgeton Area Chamber and events: www.CumberlandGrows.com/Events. |
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The Chamber of Commerce Foundation's Designer Bags Bingo is just 8 days away - June 26. Sign-up soon to attend and play for $35 per person, as space is limited to 300 players, and we are already half way to a sell-out. It will be a night of fun including Bingo prizes featuring beautiful designer handbags, and chances to win raffle baskets valued at $75 or more, to win door prizes, and to win a cash 50-50. Take a look at themed baskets already donated and prepared. Many more are expected by Bingo on June 26. REGISTER: WWW.TINYURL.COM/BACCBINGO CALL 856-455-1312 |
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The Chamber and CDC encourage all business owners and residents to proudly display American flags and other patriotic decorations starting flag day, June 14 through the July 4th weekend, and longer. Send us photos of your displays and we will post them to encourage others. bacc@baccnj.com |
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SHOP LOCAL FIRST! |
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Check out upcoming Chamber, Member, and Community Events |
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Visit us on Social Media! |
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Bridgeton Area Chamber of Commerce PO Box 1063, Bridgeton, NJ 08302 856-455-1312 * bacc@baccnj.com * www.baccnj.com Jon Cummings, President Tony Stanzione, Chief Executive Officer Laurie LaTorre, Member Services Coordinator
See why Cumberland County is the best location on the East Coast for your business. See full video. See 1 min. video. |
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