Small businesses seeking financing for clean energy projects, new clean energy companies, and small business banking partners can learn how to finance qualifying clean energy initiatives by attending a virtual information session about the New Jersey Clean Energy Loans (NJ CELs) program on Monday, April 17th, 2023 at 1:00 p.m. Applications for the program will open on Wednesday, April 19th, 2023.
NJ CELs will offer loans of $500,000 to $20 million with a term of one to 25 years, with the New Jersey Economic Development Authority (NJEDA) financing up to 50% of the total loan amount ($250,000 to $10 million).