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

YOU MAY QUALIFY FOR: Small Businesses - Up to $300,000 for credit scores greater than or equal to 700; Up to $125,000 for credit scores greater than or equal to 650.  Not-for-Profits: Up to $300,000 with 1.10 debt service coverage ratio (DSCR).

TO BE USED FOR: Fixed assets and working capital

PROGRAM DETAILS: An expedited approval process helps the Small Business Fund program provide below-market rate financing to applicable businesses through direct loans or guarantees, with the choice of a variable or fixed interest rate.

FEES*:

• Application fee: $300  
• Commitment fee:  0.5% of the loan amount
• Closing fee:  0.5% of the loan amount
• Guarantee fee: due at closing, if applicable

• 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.