Phase 2 of the NJEDA Small Business Emergency Assistance Loan Program provides direct financing of up to $100,000 to New Jersey-based businesses and nonprofits that have been negatively impacted by the COVID-19 pandemic.
Pre-registration is now open. Pre-registration will close at 5:00 p.m. on Friday, July 30th, 2021.
Any business interested in applying for this loan program must pre-register on the NJEDA’s application portal during the pre-registration period in order to be eligible to apply. Pre-registration is not first-come, first-served, so entities may pre-register at any time during the open pre-registration period.
Eligibility:
All businesses and nonprofits must meet the following baseline eligibility requirements:
- A physical commercial location in the State of New Jersey.
- In existence by the date of application launch.
- $10 million or less in annual revenue.
- Fully and properly registered to do business with New Jersey Department of Treasury, Division of Revenue and Enterprise Services.
- In good standing with the New Jersey Division of Taxation (Check your standing with the New Jersey Division of Taxation).
- In good standing with the Department of Labor and Workforce Development, with all decisions of good standing at the discretion of the Commissioner of the Department of Labor and Workforce Development.