The New Jersey Economic Development Authority (NJEDA) offers a variety of financial programs to help small businesses succeed, including low-cost financing through tax-exempt bonds, direct loans and loan participation/guarantees.
Micro Business Loan Program
The makes financing of up to $50,000 available to for-profit businesses legally registered to do business in New Jersey, with a business location in New Jersey (高频彩票联盟-based businesses are not eligible), who have annual revenues in the most current fiscal year of no more than $1,500,000, and 10 full-time employees or less at time of application.
Startup businesses are eligible for financing but must demonstrate to the Authority that they have completed an entrepreneurship training program or Small Business Development Center counseling sessions.
Premier Lender Program
The creates new opportunities for small businesses and EDA’s lending partners by providing new, low-cost financing opportunities with faster turnaround.
If your small business is discussing potential financing with one of EDA’s Premier Lender banks, EDA’s participation or guarantee of a portion of the financing can lower the cost of borrowing for your business.
Small Business Fund
Creditworthy small, minority-owned or women-owned businesses in New Jersey that have been in operation for at least one full year and may not have the ability to get bank financing, or not-for-profit corporations that have been operating for at least three full years, may be eligible for assistance under the .