Why Does Your Business Need Financing?

Here’s What the EDA Can Offer*:

To cover my operating expenses

·         Loans up to $750,000; loan guarantees up to $1.5 million for a total EDA exposure of $2.25 million

To purchase or renovate a building, machinery or equipment to accommodate my business growth and expansion

·         Loans up to $1.25 million; loan guarantees up to $1.5 million for a total EDA exposure of $2.75 million

To grow my business located in an urban municipality

·         Loans of up to $2 million for fixed assets to businesses in one of New Jersey’s urban areas

·         Loans of up to $3 million with favorable rates for fixed assets to businesses in one of New Jersey’s nine designated urban areas (Atlantic City, Camden, East Orange, Elizabeth, Jersey City, Newark, New Brunswick, Paterson, Trenton)

To grow my business by adding employees

·         Incentive grants to businesses creating at least 25 new jobs in New Jersey (10 jobs if in the technology or biotechnology sectors)