Frequently Asked Questions (FAQs)

Get answers to common questions and more specific situations about all kinds of businesses.

What types of loans can I get from the Economic Development Authority to finance my business?

Premier Lender: TheEconomic Development Authority partners with lenders to provide financing for New Jersey businesses. The NJEDA supports these partner financial organizations with loan participations or guarantees, which can make financing more affordable for businesses.

Direct Loan: New Jersey businesses in need of financing and committed to job creation/ retention may be eligible for direct loans through the NJEDA when conventional financing is not available.

Small Business Fund: Creditworthy small, minority-owned or women-owned businesses in New Jersey may be eligible for assistance under the NJEDA’s Small Business Fund.

Access: Access is a pilot lending program that provides financing to small businesses in New Jersey - either in the form of direct loans through EDA, or through loan participations or guarantees in partnership with an EDA Premier Lender. Access is different from other EDA financing programs in that it provides greater flexibility to borrowers by placing greater emphasis on the borrower's cash flow and less emphasis on hard collateral.

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