Financial Resources

For a list of resources compiled by Agudas Yisrael of America click here
For a chart of scenarios and benefits available click here 

Passaic Clifton Covid-19 Task Force Financial Resource List


As of March 20, 2020 

The following list of financial resources is incomplete and will be updated as we receive additional information.Please review the list in entirety and attempt to follow all relevant steps. If you have additional questions or concerns, please email our confidential inbox at

Click here to apply for help from the:

Passaic-Clifton Covid-19 Fund


General Resources 


Hebrew Free Loan of New Jersey (HFLNJ)          

Interest free loans up to $3,600 to Jewish residents of Bergen, Essex, Hudson, Middlesex, Monmouth, Morris, Passaic, Sussex, and Union counties for:


  • Emergency needs due to lost wages

  • Small business owner needs

  • Child care costs due to closures of school
    Medical costs

Call 201-791-8395 to begin the process. (Non- residents of Bergen or Passaic counties may email


New Federal Emergency Law

All employees working for businesses with more than 50 employees or self employed persons are entitled to the following:


  • 2 weeks of paid sick leave (up to $511 a day) for those ill, quarantined, seeking care or doing so for family.

  • 3 months of paid family and medical leave to care for kids home from school. The paid family and medical leave begins after the first 14 days of sick leave and is not less than two-thirds of the employee's regular payment rate (up to $200 a day). 

  • Self Employed People - The Labor Department will issue guidance and instructions on how to apply no later than April 2, 2020. 



Federal Taxes 

The tax filing deadline has been postponed until July 15th.  If you have a refund coming, you’ll still want to file on time to get it sooner.  This is for Federal and New York State and New Jersey.


Student Loans

Interest Payment on student loans held by the federal government are being waiveduntil further notice. 

The waiver doesn’t apply to three types of student loans: state, private and the majority of Federal Family Education Loans (including Sallie Mae student loans). Borrowers will still be required to pay their monthly bill, but the payments will go towards a principal balance instead of interest. The office of Federal Student Aid recommends that you contact your loan servicer as soon as possible if you’re struggling to make payments.


Workers Compensation Insurance 

If you are out of work, due to workplace related quarantine, we urge you to contact your insurance broker to determine if your insurer would consider these circumstances.


Mortgages, HELOCs, Other Indebtedness 

Many banks and other home lenders are offering relief to those who cannot meet their financial obligations.  We strongly recommend that you reach out to your bank and ask for delays in making payments where appropriate.  PLEASE MAKE SURE TO INQUIRE AS TO ANY NEGATIVE IMPACT ON YOUR CREDIT REPORT THAT THIS MAY HAVE. 


Credit Card Balances 

AMEX, Chase, and other banks will offer 60 days of no late fees or interest for those impacted by COVID-19, call your bank to find out if you are eligible and what terms will apply.

Any credit card balance that receive forbearance is likely to be frozen and future use will be suspended. Please plan accordingly if you plan on requesting grace from your bank.

Even if your credit card issuer has not formally released a statement of support, if you are at risk of missing a payment it is worthwhile to contact the company to discuss your options. 

The FDIC advises on its website: “Your creditors will likely work with you on a solution, but it’s important to contact them as soon as possible and explain your situation.” PLEASE MAKE SURE TO INQUIRE AS TO ANY NEGATIVE IMPACT ON YOUR CREDIT REPORT THAT THIS MAY HAVE.


Mobile Phone Plans 

AT&T, Sprint, T-Mobile and Verizon are waiving late fees for then the next 60 days. PLEASE MAKE SURE TO INQUIRE AS TO ANY NEGATIVE IMPACT ON YOUR CREDIT REPORT THAT THIS MAY HAVE.


  • AT&T, T-Mobile, Sprint, and Mint Mobile are offering unlimited Data for users.


Small Business Owners                                     

TheNew Jersey Economic Development Authority (NJEDA) has a portfolio of loan, financing, and technical assistance programs available to support small and medium-sized businesses.  More information on existing products and programs can be found on the NJEDA website: 
NJEDA Programs for Small - to Mid-Sized Businesses
NJEDA Small Business Services  


SBA Disaster Loan 

(apply @

Details of this program are emerging, these loans will be used to pay payroll rent and other expenses and a portion of the loan may be forgivable.  You will need to provide a personal financial statement for each owner that owns more than 20% and provide business tax returns.  You should be prepared to provide 2019 business financial statements and projections if requested.  IF YOU NEED ASSISTANCE PUTTING THIS INFORMATION PLEASE CONTACT US AND ONE OF OUR VOLUNTEERS WILL TRY TO HELP YOU.  We will update this as more information becomes available.


NY Based Programs

NYS Shared Work Program                               

Allows employers to lower hours with no hit to employees.  Works for lower paid employees.

NYC Employee Grant Program                          

For businesses under 5 employees.  Pays 40% of cost for two months

Hebrew Free Loan Society                         

You need to be a resident of New York State to qualify

NYC Employee Retention Grant Program          

If you are a business located in NYC and have fewer than 5 employees, you may be eligible for a grant covering 40% of payroll costs for two months.  You can apply HERE

NYC Small Business Continuity Fund                 

Provides for up to $75,000 interest free loan for businesses with fewer than 100 employees and a reduction of 25%.  This program is not yet open for applications.  I would recommend that interested people sign up to be updated HERE.

Resources to Help Mitigate the Financial Impact of COVID-19.
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Please note, we are unable to respond to individual comments. If you have specific questions, please address them to your personal healthcare provider or Rav as appropriate.