You were likely eligible for a Paycheck Protection Program (PPP) loan if you were a small business, non-profit, sole proprietor, or independent contractor with 500 or fewer employees (or met specific industry/size standards) during the program's operation (2020-2021), needing funds for payroll/overhead, though the application window for new loans is now closed, but forgiveness applications are still processed. Eligibility depended on size, business type (e.g., 501(c)(3), tribal, NAICS 72), and meeting SBA size standards, with specifics for First Draw and Second Draw loans.
PPP loan requirements centered on businesses operating by February 15, 2020, with fewer than 500 employees (or meeting SBA size standards), covering various entities like sole proprietors, nonprofits, and tribal businesses, with First Draw loans for new applicants and Second Draw for prior borrowers needing a revenue reduction (25%+) and using first funds. Key requirements included proving payroll costs, good-faith need due to economic uncertainty, and applying through lenders.
All Small Businesses Eligible
Small businesses with 500 or fewer employees—including nonprofits, veterans organizations, tribal concerns, self-employed individuals, sole proprietorships, and independent contractors— are eligible.
Applicants must be:
As of Jan 16, 2026, the average annual pay for a Ppp in New Jersey is $73,137 a year. Just in case you need a simple salary calculator, that works out to be approximately $35.16 an hour. This is the equivalent of $1,406/week or $6,094/month.
Adults with income over 133% of the Federal Poverty Level are ineligible for NJ FamilyCare but will be referred to the new Federal Health Insurance Marketplace. Visit www.healthcare.gov for other affordable health insurance programs.
Average base salary
The average salary for a caregiver is $18.13 per hour in New Jersey. 2.9k salaries taken from job postings on Indeed in the past 36 months (updated January 10, 2026).
With New Jersey businesses having received $25.7 billion in federal forgivable loans under a COVID-relief program for businesses, the Biden administration announced June 1 that it officially closed the window for new applications.
Assistance for Community Caregiving. New Jersey's Assistance for Community Caregiving (JACC) program is a non-Medicaid program that allows for family members and friends, including spouses, to be compensated for personal care services.
You can apply through any existing SBA lender or through any FDIC institution, federally insured credit union, and Farm Credit System institution that is participating. See www.sba.gov for a list of SBA lenders.
The Small Business Administration (SBA) announced in May 2021 that they have exhausted the funds allocated for the Paycheck Protection Program (PPP) and are no longer accepting applications.
Must have income from self-employment, sole proprietorship, or as an independent contractor. Must live in the United States. Must file a Form 1040, Schedule C for 2019.
Who will be audited? PPP loans in excess of $2 million are automatically triggered for an audit by the SBA. The SBA has created a safe harbor for any PPP loan borrower that, together with its affiliates, received loans of less than $2 million.
To qualify for New Jersey's Personal Preference Program (PPP), you must be eligible for NJ FamilyCare/Medicaid, need Personal Care Assistant (PCA) services for at least six months, and be able to self-direct your care or choose an authorized representative, allowing you to hire your own caregivers like friends or family, rather than using an agency. Key requirements involve financial eligibility (NJ FamilyCare Plan A), functional need for daily living assistance, and the ability to manage services or appoint a representative to do so.
How Long Can You Not Pay Your Mortgage Before Foreclosure in NJ? Normally, a lender can't begin the foreclosure process against you until you're at least 120 days late in paying your mortgage. So, this works out at roughly 4 months of missed mortgage payments before the foreclosure process can begin.
Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.
As of 2025, the SBA has closed new PPP applications, but businesses that received funding in previous rounds can still apply for forgiveness under the latest guidelines.
The SBA uses the following formula to calculate the maximum amount you can borrow through the Paycheck Protection Program: One month of AVERAGE eligible payroll costs x 2.5 = maximum PPP loan amount.
No, the Paycheck Protection Program (PPP) is not coming back for new loans; the program officially ended in May 2021, with the last funds disbursed, but existing borrowers can still apply for loan forgiveness, a process the SBA continues to support for those who meet eligibility criteria, U.S. Small Business Administration (SBA). While new funding is not available, the SBA website provides resources for managing forgiveness, which requires specific use of funds for payroll and other eligible expenses, Small Business Administration (SBA).
Caregiver requirements typically include a background check, health screening, and certifications (like CPR/First Aid), with varying training, age (often 18+), and education (High School Diploma/GED) depending on the state and role (e.g., non-medical vs. CNA). Key personal traits are compassion, empathy, patience, and reliability, while professional roles often need licenses or specific training for assisting with activities of daily living (ADLs).
Family members who get paid for caregiving services may earn up to $20 per hour or even a bit more. Taking care of a family member means you wear a lot of hats just to make sure your loved one is okay. You might remind them to take their medications, schedule doctor visits, and help them move around.