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Small Business Services

About Small Business Services

The NJEDA has a long history of supporting growth in New Jersey for businesses of all sizes, but support of small to mid-sized businesses has always been one of our top priorities. With the creative and versatile loan solutions available to small to mid-sized businesses through the NJEDA, now is an opportune time to contact NJEDA to determine if any of our programs may be the right fit for your small to mid-sized business needs.

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.
 
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 and non-profits in existence and operating for at least two years, who have annual revenues in the most current fiscal year of no greater than $1,500,000, and 10 full-time employees or less at time of application. Startup businesses in existence and operating between 6-12 months are eligible for financing but must provide the Authority with a business plan and five-year projections.


Lease Incentives

In targeted areas of the state, NJEDA provides grant funding to help small businesses lease new or additional space.
 
 
Industry Specific Programs
 
NJEDA has resources customized to those industries including matching loan programs, tax incentives, real estate, and networking opportunities with the investment community. Click below to learn more about our Strategic Industries.

Learn More

NJEDA SMALL BUSINESS Programs

CDFI Loan to Lender Program
Micro Business Loan Program
Premier CDFI Program
Small Business Bonding Readiness Assistance Program
Small Business Lease Assistance Program
View all active programs

Community Development Financial Institutions (CDFI)

Additional resources

Please visit Business.NJ.gov for more information on:

Registering a Business
Business Starter Kits
License and Certification Guide
State Contracting

Latin American Economic Development Association

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.

Rising Tide

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

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.

New Jersey Business Action Center (NJBAC)

The New Jersey Business Action Center (NJBAC) is a business-first resource that can help you get answers from government agencies, direct you to appropriate officials or contacts, facilitate meetings and follow-ups with regulatory agencies, and more, all at no cost and strictly confidential.

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.

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.

Related press releases

February 5, 2021

NJEDA Defers Pre-Registration for Phase 2 of Small Business Emergency Assistance Loan Program

TRENTON, N.J. (February 5, 2020) – The New Jersey Economic Development Authority (NJEDA) today announced that pre-registration for Phase 2 of the Small Business Emergency Assistance Loan Program will be deferred.

Read More >
November 27, 2020

Economist’s Corner – New Jersey’s Small Business Landscape

As we head into Small Business Saturday, the charts below help us understand COVID-19’s impact on small businesses, a sector of the New Jersey economy that has been hit especially hard by the pandemic…

Read More >
November 23, 2020

​NJEDA COVID-19 Relief Programs Have Supported more than 30,000 Small Businesses

Authority has distributed more than $165 million in economic relief since March

TRENTON, N.J. (November 23, 2020) – The New Jersey Economic Development Authority (NJEDA) today announced that it has p…

Read More >
November 12, 2020

40 Graduates of NJEDA, AACCNJ Small Business Training Program Qualify for Millions in Bonds

40 small business owners graduated from the Small Bonding Business Readiness Assistance Program earlier this week.

TRENTON, N.J. (November 12, 2020) – The New Jersey Economic Development Authority (N…

Read More >
November 11, 2020

Governor Murphy Announces Additional $60 Million to Fulfill Pipeline of Small Business Grant Applications

…

Read More >

View all news

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
Christina Fuentes
Managing Director – Community Development
Anthony Martinez
Anthony Martinez
Sr. Small Business Liaison Officer
(South Region)

Se habla español
Maggie Peters
Maggie Peters
Sr. Small Business Liaison Officer
(Statewide)
Maribel Ferman
Maribel Fermin
Sr. Small Business Liaison Officer
(North Region)

Se habla español
Ken Hart
Ken Hart
Small Business Liaison Officer
(North Region)

Micro Business Loan Program
Carla Morrison
Small Business Liaison Officer (South Region)
Micro Business Loan Program
John Gannon
Small Business Associate


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.