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Burlington County will offer zero-interest loans to small businesses impacted by COVID-19
MOUNT HOLLY – The Burlington County Board of Chosen Freeholders and Burlington County Bridge Commission announced the launch of a new interest-free loan program aimed specifically at aiding small businesses impacted by the ongoing coronavirus pandemic.
A total of $660,000 in federal CARES Act funding was secured by the Burlington County Bridge Commission’s Economic Development Office for the new Health Emergency Loan Program (HELP), which will extend up to $50,000 in zero-interest financing to any business operating in the county for business-related purchases, expenses and improvements.
The County Board voted unanimously on Wednesday to move forward with the new loan program.
“From the very start of the pandemic, the Board has made it our mission to provide whatever assistance we can muster for our residents and small businesses to help them through this unprecedented crisis,” said Deputy Director Tom Pullion, the board’s liaison to the Bridge Commission and Department of Economic Development. “Now we’re proud to announce that more HELP is on its way. These loans can provide a lifeline for our county’s businesses and a springboard for their recovery. The more assistance we can provide our small businesses the better off we’ll all be.”
The loans will be managed by the Bridge Commission, which serves as the county’s economic development authority, and will supplement the county’s existing business loan programs, the Small Business Loan Program, which extends low-interest lending to businesses located anywhere in the county, and the Route 130 Revolving Loan Program, which extends zero-interest loans to businesses within the Route 130 regional corridor.
Both those two programs have delivered more than $5.5 million in loans to more than 30 businesses in the county and supported the creation or retention of more than 300 jobs.
Three additional small business loans were finalized this summer through the County’s COVID-19 business relief program. Through an entirely County/Bridge-funded program, businesses could apply for low interest loans with no application fees and an expedited process.
Also in response to the pandemic, the Freeholders and Bridge Commission announced they would offer all businesses participating in the county’s small business assistance programs the option of deferring their loan payments until November.
Like with the other two loan programs, the new HELP loans will provide businesses working capital for purchases and can also be used to retain jobs that might be lost due to cash shortages during the pandemic.
Unlike commercial loans or U.S. Small Business Association loans, the county programs have no closing costs, and county officials said the HELP loans will be interest-free to aid businesses with their recovery.
“Small businesses make up the backbone of our country’s economy and they’re still struggling due to the pandemic and the changes and sacrifices the health emergency has forced upon us all,” said Bridge Commission Chair Hon. Troy Singleton. “By extending zero-interest loans to our businesses, we can help them stay afloat and keep their employees working until the virus is defeated and the economy rebounds. The HELP loans can also be used to purchase protective equipment and other supplies they need or to make renovations or other improvements to keep their customers and employees safe.”
The funding for the loans was obtained by the Bridge Commission from the U.S. Department of Commerce and its Economic Development Authority. The CARES Act authorized the agency to distribute some $1.5 billion to economic development assistance programs across the country to respond to the coronavirus pandemic.
Congressman Andy Kim, who serves on the U.S. House Small Business Committee and the House Select Committee on the Coronavirus Crisis, said the county’s zero-interest loans was the type of small business help the CARES Act is intended to help facilitate.
“Our small businesses have been hit hard by this crisis, and as we prepare for a potential second wave, we need to do everything we can to help them keep their doors open. I’m proud to have voted to deliver this funding through the CARES Act, and will keep working with my colleagues from both sides of the aisle to get New Jersey businesses the resources they need to get through this crisis.”
U.S. Senators Robert Menendez and Cory Booker also applauded the County’s program.
“We need to give struggling small business owners in New Jersey all the help they can get to weather the pandemic, stay open and keep their employees on the job, so their positioned to drive our state’s economic recovery once we defeat COVID-19,” said Sen. Menendez. “By supporting our small businesses and making smart investments in our aging infrastructure, we will help grow our economy and create new jobs and opportunities in Burlington County and for all New Jerseyans.”
“The coronavirus pandemic has had a crippling impact on nearly every aspect of our economy, including New Jersey’s small businesses,” said Sen. Booker. “These federal investments will help us lay the groundwork for the economic recovery of our state and our small businesses so we can rebuild stronger and create more opportunities for the future.”
Pullion said the HELP loans are now available and he urged small business owners in the county to reach out for more information about them and the County’s other assistance.
“We’re committed to getting these dollars distributed as quickly as possible so it can aid our businesses with their recovery. The next few months will likely be crucial so we want to be make sure businesses are aware this financing is available,” Pullion said
More information about the county loan programs and other resources for businesses is available online at http://www.bcbridges.org/covid19-resources/ or by calling the Bridge Commission’s Office of Economic Development and Regional Planning at 609-265-5055.
What if you don’t qualify for the HELP loan?
You may qualify for one of the other loans we offer, though having sufficient collateral is key to qualifying for all our loan programs. See this page http://www.bcbridges.org/financial-resources-programs/ for more details.
TOWNSHIP SERVICES DURING COVID-19
The building is currently closed to the public. All offices are working to continue services but there could be some delays in services such as building inspections, etc. There is a drop box available to leave tax payments, building permits, zoning applications, etc. We will work to process and notify you if there are any issues with your submissions. There are some changes to trash collection services that are updated under the TRASH/RECYCLING tab. Please review.
TOWNSHIP COUNCIL AND BOARD MEETINGS:
All meetings are being held electronically at this time. There will be no in person meetings scheduled. Public is still invited to participate either by electronic means or telephone at all meetings that would normally be open to the public including participating in public comment. Information as to how to participate will be posted on the website as the meetings occur. All Zoning and Planning Board applications will be posted under the document tab for review by the public prior to any meetings.
TOWNSHIP PARKS AND RECREATION:
While using the park, walking trail and bikepaths we do ask that you comply with the social distancing guidelines as recommended by the CDC and remain six feet apart and not gather with a number of people in one area.
ENDEAVOR AND AMERICA SQUAD EMS:
As you already know our emergency responders such as EMS providers are struggling with response due to the COVID-19 virus. Many EMS squads are struggling to get the proper PPD and equipment needed to protect themselves and the public during this crisis. The have provided a list of items they could used donated and as always cash donations would be welcome as staffing increases, equipment purchases, etc. will no doubt take a toll on their budget projections this year. Addresses for both EMS squads that serve Springfield Township if you wish to make donations:
If you live on or west of Rt 206 you are covered by:
ENDEAVOR EMERGENCY SQUAD, INC.
1309 Rancocas Road
Burlington, NJ 08016
If you live east of Rt 206 you are covered by:
America Emergency Squad
PO Box 567
219 Mill St.
Mt. Holly, NJ 08060
Need to locate contact information? Find the right person to talk to in the local city offices of Springfield now.
2159 Jacksonville Jobstown Rd
Jobstown, NJ 08041
PLEASE TAKE NOTICE, that in accordance with the Open Public Meetings Act, N.J.S.A. 10:4-6 et seq., and in consideration of Executive Order No. 103, issued by Governor Murphy on March 9, 2020, declaring a State of Emergency and a Public Health Emergency in the State of New Jersey, the Township of Springfield does hereby notify the public that to protect the health, safety and welfare of our citizens while ensuring the continued functioning of government, the meeting of the Zoning Board of Adjustments of the Township of Springfield scheduled for April 19, 2021 will be held electronically. Members of the public who wish to participate in the meeting may do so through the web by going to https://us02web.zoom.us/j/86574865541 or calling 1-301-715-8592 followed by meeting number 86574865541 and password 764150 at 7:30 pm. Please be advised that long distance charges may apply if you choose to use the dial in phone number depending on your phone plan. Individuals entering this meeting through the web or calling in to this number will be able to fully participate in the meeting, including providing public comment. The following applications are on for public hearing at this meeting:
APPLICATIONs AND SUPPORTING DOCUMENTATION ARE POSTED UNDER THE DOCUMENTS TAB ON THE TOWNSHIP WEBSITE www.springfieldtownshipnj.org.
PLEASE TAKE FURTHER NOTICE that members of the public lacking the resources or know-how for technological access should contact the Patricia Clayton, Township Clerk, by email at email@example.com or by phone at 609-723-2464, for assistance in accessing any plans and/or the meetings/hearings.
The Planning Board meeting scheduled for Tuesday, April 20, 2021 is cancelled.
SPRINGFIELD TOWNSHIP SCHOOL BOARD VACANCY
PLEASE SEE TOWNSHIP NEWS/EVENTS TAB FOR TOWNSHIP, COUNTY AND STATE INFORMATION AND LINKS RELATED TO COVID-19
MUNICIPAL SERVICES DURING COVID-19 VIRUS
ONLINE TAX PAYMENTS