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Direct Loans

New Jersey businesses in need of financing and committed to job creation/retention may be eligible for direct loans through the NJEDA when conventional financing is not available.
  • Dollar Amount

    Up to $2 million for fixed assets *

    Up to $750,000 for working capital

  • Uses

    Fixed assets or working capital

  • Benefits

    Lower interest rates

    Longer terms

  • Eligibility

    Businesses must commit to the creation or retention of one full-time job for every $65,000 of NJEDA exposure within two years

Based on the 5-year US Treasury or floor of 2%, whichever is higher, with basis point additions for credit risk.


  • Application fee: $1,000
  • Commitment fee: 0.875% of loan amount
  • Closing fee: 0.875% of loan amount

Division of Taxation Tax Clearance Certificate required.  Certificates may be requested through the State of New Jersey’s Premier Business Services (PBS) portal online.

  • Under the Tax & Revenue Center, select Tax Services, then select Business Incentive Tax Clearance.
  • If the applicant’s account is in compliance with its tax obligations and no liabilities exist, the Business Incentive Tax Clearance can be printed directly through PBS.

Please note:  It is the applicant/client’s responsibility to maintain a current and clear tax clearance certificate.  If a current and clear certificate is not evidenced to NJEDA at time of closing, NJEDA will not proceed with closing.

* Pursuant to P.L.2017, c.261, direct loans of up to $3 million may be available to qualified businesses in targeted urban centers, regional centers, and metropolitan planning areas. 

** All fees are non-refundable