Lafayette Twp Covid Information
Fri, Mar 20 1:23pm

The PTO is sharing the following information on behalf of the township. We hope you all are staying safe and well! ~LTS PTO

The Mayor and Township Committee are very concerned for the safety and well-being of our residents and businesses and are conversing daily with local, County and State government authorities on measures that can be taken to slow down transmission of the Coronavirus (COVID-19) in our and surrounding communities. Following CDC guidelines and directives from both Federal and State governments, we have enacted the following:

Until further notice, Lafayette Township Park is closed to organized sports groups. Additionally, use of the playground equipment located at the park is prohibited due to the viruses ability to reside on playground equipment for several days.

Until further notice, the Municipal Building is closed to the public. However, our employees are still working hard and are available to answer any questions you may have. Business continuity is essential; and our committed employees have made that job #1. Feel free to call the Municipal Building at 973-383-1817.

We, also, care about our local businesses. Lafayette Township has many small businesses; and our goal is to work with multiple levels of Government to ensure that any financial incentives that may become available are funneled here to Lafayette businesses. Please visit out website for assistance information.

Our goal is to communicate with you often so that you can be kept abreast of local status. Therefore, please visit our website for up-to-date information.

Also, please relay this information to anyone you know what might not have access to a computer. Thank you and be safe.

US SBA APPROVES NEW JERSEY FOR DISASTER LOANS

The US Small Business Administration (US SBA) has approved New Jersey for SBA lending programs for the current Coronavirus crisis and will be opening up their website for new applications. Please visit SBA.gov/disaster for more information and to apply online.

The US SBA Economic Injury Disaster Loans offer up to $2 million in assistance and can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. The interest rate is 3.75% for small businesses. The interest rate for non-profits is 2.75%

For additional information, please contact the SBA disaster assistance customer service center. Call 1-800-659-2955 (TTY: 1-800-877-8339) or email disastercustomerservice@sba.gov

Additional funding for business has been approved by our US Congress. Once we learn about the programs we will fill you in. New federal legislation and appropriations has opened up the possibility for small businesses to receive assistance for economic loss due to COVID-19. Details of eligibility and administration of this assistance from SBA are still being addressed by the US SBA.

Links to Visit

SBA Disaster Assistance in Response to the Coronavirus: https://www.sba.gov/disaster-assistance/coronavirus-covid-19

About Disaster Loans: https://disasterloan.sba.gov/ela/Documents/Three_Step_Process_SBA_Disaster_Loans.pdf

SBA Disaster Assistance Loans: https://disasterloan.sba.gov/ela/Documents/SBA-Disaster-Assistance-Loans-Businesses-Nonprofits.pdf

Additional Filing Requirements: https://www.sba.gov/sites/default/files/files/serv_da_all_loanapp_5_0_4.pdf

Recent Information on Private Sector Programs to Assist Companies

JPMorgan Chase Makes $50 Million Philanthropic Investment to Help Address Immediate and Long-Term Impacts of COVID-19

https://www.jpmorganchase.com/corporate/news/pr/jpmc-makes-50mm-philanthropic-investment-to-address-impacts-of-covid-19.htm?_lrsc=6be0d6ff-beb2-4ec2-8a8d-d6e91dc8b469&source=linkedinelevate

Bank support for the business community:

https://www.forbes.com/sites/advisor/2020/03/12/list-of-banks-offering-relief-to-customers-affected-by-coronavirus/#1139a1353ee3

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