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Small Business Services

Small Business Dedicated Team

The NJEDA is committed to creating an environment where small businesses can thrive, and has a dedicated team that works closely with New Jersey’s entrepreneurs and small businesses, with a focus on more comprehensively assisting historically underrepresented firms and underserved communities.

Christina Fuentes
Director of Small Business Services

Anthony Martinez, South Region
Sr. Small Business Liaison Officer
Se habla español

Ken Hart, North Region / Micro Business Loan Program
Small Business Liaison Officer

Maribel Fermin, North Region
Sr. Small Business Liason Officer
Se habla español

For more information or to ask a specific question please send an email to smallbusinessservices@njeda.com and a team member will reach out to you. 

Financing & Resources to Grow your Small Business in New Jersey


Low Cost Financing


NJEDA offers small businesses a variety of low-cost financing options including direct loans, loan participations and guarantees, line of credit guarantees and tax-exempt bond financing.

Small businesses can use NJEDA financing for fixed assets or working capital.

Recent enhancements through the Access Program provide more flexibility to small businesses by placing greater emphasis on the borrower’s cash flow and less emphasis on hard collateral. 

The Micro Business Loan Program 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 (home-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.

 

Lease Incentives


In targeted areas of the state, NJEDA provides grant funding to help small businesses lease new or additional space.
 

Industry Specific Programs


For technology and life sciences businesses, NJEDA has resources customized to those industries including matching loan programs, tax incentives, real estate, and networking opportunities with the investment community.

 

New Jersey Business Portal

Please visit the State of New Jersey Business Portal for more information on:

Starting a Business
Registering a Business 
Starting a Business Checklist
License and Certification Guide
State Contracting
Forms

 

Microlenders and Community Development Financial Institutions (CDFIs)

NJEDA makes capital available to financial intermediary organizations who can effectively reach small businesses in local markets, including micro-lenders and CDFIs. These organizations have the ability to offer term loans and lines of credit to micro-enterprises and small businesses not qualified for traditional bank financing.

Small businesses who are in need of a microloan are encouraged to click on the links to learn more about these organizations.

Cooperative Business Assistance Corporation (CBAC) 

CBAC is a non-profit, public-private partnership created in 1987. Established to encourage the growth and stability of the small business sector, CBAC facilitates opportunities for banks to make business loans in the City of Camden, New Jersey, Philadelphia, Pennsylvania, and the six counties located in Southern New Jersey. CBAC offer loans to businesses for as little as $1,000 to as much as $2,000,000 through various loan and guaranty programs.

Excelsior Growth Fund

Excelsior Growth Fund's mission is to help businesses in New Jersey, New York and Pennsylvania grow by providing small business loans and advisory services. EGF's products are affordable and flexible, and advisory services can help businesses reach their goals. EGF's signature product, the EGF SmartLoan™, provides up to $100,000 through a streamlined online platform.  Loans are approved in 1-2 days and funded in a week. 

Greater Newark Enterprises Corporation (GNEC) 

GNEC provides financial assistance and training to small businesses, businesses owned by women, low-income individuals, and minorities for the purpose of encouraging entrepreneurship.

LAEDA Business Services

LAEDA is a not for profit economic development organization dedicated to assisting emerging entrepreneurs and small business owners to start and grow their businesses in Camden, Burlington, Gloucester, Atlantic and Cumberland counties in New Jersey.

New Jersey Community Capital (NJCC) 

New Jersey Community Capital is a 501(c)(3) nonprofit CDFI that provides innovative financing and technical assistance to organizations that support housing and sustainable community development ventures that increase jobs, improve education and strengthen neighborhoods. NJCC offers loan capital that is broader than bank lending to results-oriented, socially responsible organizations that are committed to creating positive change in low-to-moderate income communities throughout New Jersey.

Regional Business Assistance Corporation (RBAC) 

RBAC is a private non-profit organization formed in 1981 to provide loans to both new and existing small businesses in New Jersey.  RBAC's mission is to provide loan capital and business mentoring to small business owners that cannot access more conventional bank financing.  All RBAC loan programs can be, and often are used in partnership with other lenders for larger loan amounts.

Rising Tide Capital, Inc.

Rising Tide Capital provides business development services designed to transform lives by helping individuals start and grow successful businesses; build communities through collaborations with other non-profits, higher education institutions, corporations, and public agencies; and create a scalable program model with measurable impact which can be replicated in communities of need across the U.S.

UCEDC  

A statewide, not-for-profit economic development corporation dedicated to assisting and financing small businesses and minority- and women-owned enterprises. Access to capital is often a small business owner’s greatest challenge and UCEDC offers a variety of financing options when conventional lending sources are not available. With loans ranging from $500 to $5 million, including microloans, SBA 7a, and SBA 504 loans, UCEDC will work with start-up and established businesses to find the right financing solution.

 

Technical Assistance Partners


SCORE

SCORE, the nation’s largest network of volunteer, expert business mentors, is dedicated to helping small businesses get off the ground, grow and achieve their goals. Since 1964, SCORE has provided education and mentorship to more than 11 million entrepreneurs. SCORE provides a wide range of services to established and budding business owners alike, including: mentoring, webinars and courses on demand, and local events. SCORE offers free live and recorded webinars & interactive courses on demand on small business topics.

Click here for more information or to take a workshop.
 

New Jersey Small Business Development Centers (NJSBDC) 

The NJSBDC network, comprised of 12 centers across the state, provides comprehensive services and programs for small business in New Jersey. NJSBDC expert staff and practicing business consultants help established small business owners and aspiring entrepreneurs to develop business plans and marketing strategies, learn accounting and financial analysis, find capital financing, identify new markets, and expand their operations. NJSBDC provides one-to-one management consulting and counseling, training, loan packaging services and specialized assistance in procurement, technology commercialization, E-Business presence, and international trade.

For a map of NJSBDC locations, please click here.

To view a calendar of upcoming events and workshops hosted at NJSBDCs, click here.
 

Resources/Organizations for Minority, Women, Veteran and LGBT-Owned Businesses


New Jersey African American Chamber of Commerce
The AACCNJ is dedicated to economically empowering and sustaining African American communities and businesses through entrepreneurship and capitalistic initiatives throughout the state of New Jersey and through its partnership with the National Black Chamber of Commerce, Inc. (NBCC).

Statewide Hispanic Chamber of Commerce of New Jersey
SHCC-NJ is a voluntary membership network of individuals, businesses, Hispanic Chambers of Commerce and professional associations across New Jersey. The Chamber has been actively involved with various local organizations as well as the U.S. Hispanic Chamber of Commerce.

Asian Indian Chamber of Commerce
The AICC has evolved to meet the need for entrepreneurial leadership in the Asian Indian business community. It organizes and supports business expos, nonprofit cultural events, business and educational symposiums and humanitarian causes.

New Jersey Chinese-American Chamber of Commerce
The New Jersey Chinese-American Chamber of Commerce (NJCACC) is a not-for-profit and non-partisan organization (www.njcacc.org) dedicated to: promoting business between members, primarily assisting Chinese and other Asian American businesses to integrate into the American economy and facilitating US-China trade

Women’s Center for Entrepreneurship of New Jersey ​
The Women’s Center for Entrepreneurship's primary purpose is to elevate women in business to achieve higher levels of success. As a not-for-profit-organization, their mission is to help in the establishment, operation and profitability of women-owned businesses by offering an array of vital business education and financial programs – while also providing the high energy, support and fellowship of like-minded professionals with whom experiences can be shared and successes can be celebrated.

LAEDA Women’s Business Center
LAEDA Women’s Business Center was founded by the Latin American Economic Development Association, Inc. (LAEDA) in response to its experience working with women entrepreneurs and their impact on local and wider economies. The WBC recognizes that women entrepreneurs face unique barriers to starting and operating small businesses and accessing capital. The WBC opens doors of opportunity by providing aspiring and existing women business owners who are interested in starting, strengthening or expanding a business with access to necessary resources including quality financial and business education.

Veteran Business Outreach Centers
The Veterans Business Outreach Center (VBOC) program is a one-stop shop for transitioning service members, veterans, and military spouses looking to start, purchase or grow a business. Training opportunities, counseling and mentoring in-person and online, referrals to partners and programs, and monthly network events are available at no cost to veterans.

NJ Veterans Chamber of Commerce
The NJ State Veterans Chamber of Commerce is a 501c6 organization that has worked  with the New Jersey Chamber of Commerce, the Statewide Hispanic Chamber of Commerce of NJ, as well as the US Veterans Chamber of Commerce. It is open to all veteran owned businesses with a mission focused on education, veteran business advocacy, networking, and procurement and supplier diversity events. Our goal is to make New Jersey’s economy fairer to veteran owned and service connected veteran owned businesses, as well as veteran job creation.

New Jersey LGBT Chamber
The NJ LGBT Chamber is the bridge to connect with New Jersey's LGBT, friendly, and allied business community. The NJ LGBT Chamber is New Jersey's premier LGBT business organization dedicated to strengthening LGBT businesses in the New Jersey tri-state area.

Procurement Technical Assistance Centers (PTAC)


NJIT PTAC

NJIT Procurement Technical Assistance Center (PTAC) provides free counseling in addition to training and technical resources to New Jersey-based businesses. Our resources help clients navigate the procurement process to better identify viable sourcing opportunities in the government and private sector marketplaces.

UCEDC PTAC

UCEDC’s PTAC program is a free, comprehensive resource that gives businesses a wealth of information on how to market and sell their products and services to government agencies.