What bond financing programs are available to me?
Recent Regulations and Resources
The following programs offer bond financing:
NJEDA Bond Financing Program: Creditworthy manufacturing companies, 501(c)(3) not-for-profit organizations, and exempt facilities in NewJersey may be eligible for long-term financing under the Bond Financing Program.
Conduit tax-exempt private activity bonds, the proceeds of which are used to provide financing (EDA issues conduit tax-exempt private activity bonds, the proceeds of which are used to provide financing. Borrowers must meet the eligibility requirements outlined in the Internal Revenue Code (IRC) in order to qualify for tax-exempt bond financing)
Small Business Bonding Readiness Assistance Program: This program, run by the NJEDA in partnership with the African American Chamber of Commerce of New Jersey (AACCNJ), provides a comprehensive series of classes, workshops, and strategic counseling sessions covering a variety of topics relevant to small businesses in all sectors, including bonding and insurance, business development, financial presentation, construction and contract law, construction management, estimating, and credit. At the end of the program, all participating businesses receive a Bonding Readiness Segment Report, which provides an in-depth assessment of their strengths and weaknesses to help them plan for the future.
Visit this link at the New Jersey Economic Development Authority website to learn more about bond financing programs.