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EDA’s financing programs empower businesses of all sizes to reach their goals.

Please see the map below or any of the success story examples for how businesses across New Jersey have utilized EDA’s financing programs to meet their business needs.

Data mapped by PolicyMap, an online GIS mapping tool.

Every quarter, EDA distributes Biz Buzz - an e-newsletter with the latest news & information about EDA’s assistance to small businesses and manufacturers. Provide your email below to sign up for Biz Buzz and keep up to date on all news & information from EDA related to small businesses and manufacturers.

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Biz Buzz Archive

Issue 8: Q1 2018

Issue 7: Q4 2017

Issue 6: Q3 2017

issue 5: Q2 2017

Issue 4: Q1 2017

Issue 3: Q4 2016

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Academy of Allied Health Sciences

With the support of the EDA's Loans to Lenders program, Greater Newark Enterprises Corporation (GNEC) provided a $25,000 loan to AAHSC to help with equipment purchases and working capital expenses.

Adagio Teas

When Adagio Teas wanted to upgrade its manufacturing capabilities and create operational efficiencies, it turned to the Small Business Fund, a program of the EDA that offers qualified businesses direct loans or participations and guarantees of commercial bank loans.

Advaxis, Inc.

A graduate of the Commercialization Center for Innovative Technologies (CCIT), Advaxis also benefited from the Technology Business Tax Certificate Transfer (NOL) Program.

All Towns Brake and Auto Center

All Towns Brake and Auto Center closed on a $420,500 direct loan last month through the EDA’s Small Business Fund. Support from the loan will help to improve cash flow, enabling the business owners to invest strategically in their business.

Atalanta Corporation

EDA provided financing to Atalanta Corporation, a global food importer, to expand its headquarters in Elizabeth.

Aurora Multimedia Corporation

Aurora Multimedia Corporation received a loan through the EDA’s Small Business Fund, which provides financial assistance to qualified businesses through direct loans, participations or guarantees.

Bestwork Industries for the Blind, Inc.

Cherry Hill-based Bestwork Industries for the Blind, Inc.received a TD Bank loan with an EDA participation through the Small Business Fund.

Bike Ahead

Bolstered by the success of its storefront and online shops, Bike Ahead needed a larger space to accommodate its rapid growth, so the company owners turned to the New Jersey Economic Development Authority’s (EDA) Premier Lender Program to support its purchase of a new, 33,000-square-foot warehouse in Totowa to house its operations. Through the program, Bike Ahead obtained a $1.89 million loan from Two River Community Bank that included a 30 percent EDA participation.

Buon’Italia

When Buon’Italia made the strategic decision to locate wholesale operations in Jersey City, they turned to the EDA’s Premier Lender Program for support. A Fulton Bank loan with a nearly 26 percent EDA participation helped the company acquire its new facility.

C&L Machining Company, Inc.

EDA provided a $200,000 loan through the Small Business Fund to support this company’s growth in Brooklawn.

CAD Signs

Through the EDA’s Small Business Fund, CAD Signs received a PNC Bank loan backed by a 50 percent EDA guarantee that enabled the company to acquire an expanded space in Hackensack. As a result, the commercial sign installation, maintenance and fabrication company has quadrupled its workforce and increased its customer base.

Carpet Girl

Dianne Grossman, owner of Carpet Girl, is a recent graduate of UCEDC’s Entrepreneurship 101 program.

Carton Brewing Company

Carton Brewing was recently approved under the Premier Lender Program for a line of credit from Provident Bank, with a 50 percent EDA guarantee.

Cedar Barista

EDA supported Cedar Barista with a guarantee of a Valley National Bank line of credit to help the company grow in Carlstadt.

Consumer Product Testing Company

Through the EDA’s Premier Lender Program, Consumer Product Testing Company purchased the 44,000-square-foot facility in Fairfield it had been leasing for 20 years.

DG and Sons

DG and Sons closed on an M&T Bank Loan that included a 44 percent participation through the EDA’s Small Business Fund. Support from the loan enabled the company to quadruple its available space through the purchase of a 16,000-square-foot facility in Rochelle Park. In addition to a larger building, the new location has ample parking for automobiles waiting to be serviced.

Edison Solutions

Edison Solutions closed on two direct loans from the EDA totaling $2 million that will help further the company’s expansion in Pennsauken. The company, which will also maintain its headquarters in North Bergen, used the loans to support the purchase of its new 115,500-square-foot facility in Camden County, as well as new printing equipment. Also helping with the purchase of new equipment and machinery were two tax-exempt bonds totaling up to $5.6 million issued by the EDA and directly purchased by TD Bank.

EVS Metal, Inc.

To support its operations, EVS Metal received a loan from JP Morgan Chase with EDA participation through the EDA’s Premier Lender Program.

Flame Cut Steel

With just over $645,000 in EDA direct loan funds in hand, Flame Cut Steel was able to purchase a new, 18,291-square-foot facility in Irvington and purchase new machinery to help expand the company’s services.

Flexline, Inc.

EDA provided Kenilworth-based Flexline, Inc. with a guarantee of a PNC Bank loan.

Flow-Turn, Inc.

Flow-Turn Inc., a Union Township-based global manufacturer of powered belted curve conveyors, received a Fulton Bank loan with an EDA participation through the Premier Lender Program.

Girl Scouts of the Jersey Shore, Inc.

Girl Scouts of the Jersey Shore received tax exempt bond financing through the EDA to acquire and construct the Program Activity Center and Equestrian Center in Farmingdale and make repairs at the camps.

Gorsegner Brothers

In 2016, after years of assisting customers in its leased office/showroom in Atlantic Highlands, the Gorsegner brothers decided to seek a permanent location. Upon identifying a 1,900-square-foot facility in Holmdel as its new home, Gorsegner Brothers was approved for a $432,000 Ocean First Bank commercial mortgage loan with a 16.67 percent Economic Development Authority (EDA) participation through the EDA’s Premier Lender Program.

Habitat for Humanity of Burlington County

Habitat for Humanity of Burlington County received a loan through the Small Business Fund to purchase the building it had been leasing in Maple Shade since 2014. Prior to that, the entity’s corporate offices and ReStore operations had been located in Cinnaminson. The move to Maple Shade was driven by the goal of expanding, and attracting more customers to the ReStore, which sells donated, secondhand items to raise money for the organization.

Jimmy's Cookies

EDA financing, including a participation in a Valley National Bank loan and a guarantee of a Valley National Bank working capital line of credit, helped the company purchase new equipment and relocate the entire operation to their current facility in Clifton.

Link-Burns Mfg. Co., Inc.

Link-Burns Mfg. Co. Inc. is a Voorhees-based metal fabrication shop. The company received an M&T Bank loan with EDA participation through the Premier Lender Program.

Parlor Gallery

Supported by the EDA’s Loans to Lenders Program, New Jersey Community Capital (NJCC) provided Parlor Gallery, a woman-owned, artist-directed-and-curated gallery in Asbury Park, with a $20,000 working capital loan, which supported the creation of marketing materials and other operating costs.

Riding High Farm

Riding High Farm of Allentown, a provider of recreational and therapeutic horseback-riding instruction for people with special needs, received a $290,000 loan through the Small Business Fund.

SLT Foods, Inc.

To accommodate its remarkable growth, SLT Foods, Inc. bought a 75,600-square-foot facility in South Brunswick earlier this year, supported by an EDA participation in a Santander Bank loan through the New Jersey Economic Development Authority’s Premier Lender Program.

South Avenue Arts

South Avenue Arts owner Sharon Reed enrolled in Entrepreneurship 101, a six-week workshop for small business startups available through a partnership between EDA and UCEDC, a nonprofit economic development corporation. In less than a year, South Avenue Arts has grown to employ five instructors and has expanded its offerings.

Tri-Power Consulting

Tri-Power Consulting, a Denville-based engineering, design, manufacturing and consulting business, received a loan through the Small Business Fund to consolidate leasehold capital improvement costs it made in connection with a full interior renovation prior to the purchase of the building it had been leasing since 2010.

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