New Jersey Businesses Offered Loans After Warehouse Fire
Published Date: 6/18/2026
Notice
Summary
Big news for New Jersey small businesses hit by a huge warehouse fire in early May 2026! The government just declared an Economic Injury Disaster, opening the door for low-interest loans to help businesses in Essex and nearby counties bounce back. You’ve got until March 12, 2027, to apply and grab this financial lifeline—so don’t wait!
Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
Low‑Interest EIDLs for Small Businesses
If you are a small business owner or a small agricultural cooperative in the areas affected by the May 3–14, 2026, 12‑alarm warehouse fire, you can apply for an Economic Injury Disaster Loan (EIDL). Loans for businesses and small agricultural cooperatives without credit available elsewhere carry a 4.000% interest rate and applications must be submitted by March 12, 2027.
EIDLs for Private Nonprofits at 3.625%
If you run a private nonprofit organization in the counties identified as adversely affected by the May 3–14, 2026, fire, you may apply for an Economic Injury Disaster Loan at a 3.625% interest rate when credit is not available elsewhere. The deadline to apply for the EIDL is March 12, 2027.
Where and When to Apply
You must apply for disaster assistance online at the MySBA Loan Portal (https://lending.sba.gov) or at locally announced in-person locations by March 12, 2027. For help, contact the SBA disaster assistance customer service center at 1-800-659-2955 or email [email protected]; if you are deaf or hard of hearing, dial 7-1-1 for relay services.
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