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.
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.