Financing Programs - Small Business Fund

This program is partially funded through the State Small Business Credit Initiative (SSBCI).

IF YOU ARE: A creditworthy small, minority-owned or women-owned business in New Jersey in operation for at least one full year or not-for-profit corporation in operation for at least three full years.

YOU MAY QUALIFY FOR: Small Businesses - Up to $500,000 for credit scores greater than or equal to 680.  Not-for-Profits: Up to $500,000 with 1.0X historical debt service coverage.

TO BE USED FOR: Fixed assets and working capital.

PROGRAM DETAILS: An expedited approval process provides financial assistance to qualified businesses through direct loans, participations, or guarantees with a fixed interest rate.

The base rate is the 5-Year United States Treasury or 2%, whichever is higher.  The base rate will be adjusted using criteria based upon the applicant's creditworthiness. 


  • Application fee: $300  
  • Commitment fee:  0.5% of the loan amount
  • Closing fee:  0.5% of the loan amount
  • Guarantee fee: 0.5% of guarantee amount for the number of years of the guarantee, payable at closing 

Division of Taxation Tax Clearance Certificate Application Processing Fee: $75 for standard processing; $200 for expedited processing (response within three business days)    


*All fees are non-refundable.