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New Jersey Economic Recovery Fund Loans

New Jersey Economic Development Authority (NJEDA)NJ-ERF
Max per Applicant

$2.0M

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

New Jersey

About This Program

Direct loans and loan guarantees from NJEDA for small and mid-size New Jersey businesses that cannot access conventional financing. Loans of $50,000–$2 million at below-market rates for working capital, equipment, real estate, and business acquisition.

Key Requirements & Eligibility

  • 1New Jersey-based business
  • 2Annual revenues under $10 million (standard program)
  • 3Loan: $50,000–$2 million at below-market interest rates
  • 4Must demonstrate creditworthiness and business viability
  • 5Priority for businesses in underserved communities

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Apply or Learn More

Visit the official page to review full eligibility requirements and apply.

Official Source
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Applicable Industries

Small BusinessManufacturingHealthcareRetail
Official Source