Support for Small Businesses

Support for Small Businesses

The Paycheck Protection Program (PPP) provides forgivable loans to employers who maintain their payroll and use the funds for eligible expenses. Information about the program can be found at the Small Business Administration’s website here.

The latest relief bill provides critical funding and policy changes to help small businesses and nonprofits recover from the pandemic. It includes an additional $284 billion for PPP and extends the program through March 31, 2021. Further, the bill:

  • Provides a second PPP forgivable loan for the hardest-hit small businesses and non-profits with 300 or fewer employees and that can demonstrate a loss of 25% of gross receipts in any quarter during 2020 when compared to the same quarter in 2019;
  • Creates a dedicated $15 billion set-aside for lending through community financial institutions, including Community Development Financial Institutions and Minority Depository Institutions to increase access for minority-owned and other underserved small businesses and nonprofits;
  • Creates set-asides for very small businesses with 10 or fewer employees and for small businesses located in distressed areas;
  • Expands PPP eligibility for local newspapers and TV and radio broadcasters, housing cooperatives, and 501(c)(6) nonprofits, including tourism promotion organizations and local chambers of commerce;
  • Allows for small businesses in the restaurant and hospitality industries to receive larger awards of 3.5 times average total monthly payroll, rather than 2.5 times;
  • Adds PPE expenses, costs associated with outdoor dining, and supplier costs as eligible and forgivable expenses;
  • Simplifies the forgiveness process for loans of $150,000 and less;
  • Repeals the requirement of deducting an EIDL Advance from the PPP forgiveness amount.                           

The PPP application is available here.

To apply for forgiveness for your existing PPP loan, visit the SBA’s forgiveness page here.

Economic Injury Disaster Loan (EIDL) Advance Grant Program 

  • The latest bill includes $20 billion for the EIDL Advance program. Further, it:
    • Targets the $10,000 EIDL advance grant to low-income communities;
    • Permits small businesses in low-income communities that received an EIDL advance to receive additional funds, up to $10,000;
    • Extends covered period for emergency EIDL grants through December 31, 2021;
    • Allows more flexibility for SBA to verify that emergency EIDL grant applicants have submitted accurate information; and
    • Extends time for SBA to approve and disburse emergency EIDL grants from 3 to 21 days
  • Additional information about the EIDL program can be found here.


In February 2021, Tom hosted a Paycheck Protection Program Loan Application and Forgiveness Webinar for small business owners in New Jersey’s 7th Congressional District. Representative Malinowski was joined by Al Titone, the New Jersey District Director for the U.S. Small Business Administration. You can watch a full recording of the webinar here. To view the presentation shown by Al Titone during the event, click here.

Representative Malinowski’s office is here to assist small business owners. If you need assistance with the Small Business Administration, please email Provide contact information and a detailed explanation of your issue when reaching out. While we cannot guarantee you a favorable outcome, we will do our best to help you receive a fair and timely response to your problem.