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NJ
NJEDA Direct Loans
Direct loans of up to $2 million to creditworthy NJ-based small businesses committed to job creation/retention in the state. For targeted urban centers/regional centers, loans up to $3 million may be available.
About this program
Job creation requirement: 1 FT job per $65,000 NJEDA exposure within 2 years.
Eligibility
NJ-based small businesses in operation for two full years with profitable history and committed to job creation/retention. Must commit to creating/retaining one full-time job per $65,000 of NJEDA exposure within 2 years. Cannabis license holders ineligible.
Funding Categories
Working Capital / Fixed Assets