The Small Business Emergency Assistance Loan Program is low-cost financing to help New Jersey Small business and nonprofit organization with recovery and reopening efforts as a result of COVID-19.
Be Approved For Up to $100,000 0% fixed interest rate for 10 years. Payments deferred for 24 months 600 Minimum FICO Credit Score
What You Need to Do
- Create and Account
Create and account on the NJEDA’s site before you can register or apply for the loan. If you forgot your unsername and password, you can reset it. - Pre-Register
After account is created, you MUST pre-register and click SUBMIT. The portal opens 9:00am July 20th and closes at 5:00pm July 30th. - Prepare
Begin to gather information about owners, information about prior loans or grants applied for and/or received, and supporting documents to indicate what the loan will be used for. - Apply
The application portal opens at 9:00am on August 3rd and is on a first come, first serve basis. - Look For An Email
If you are deemed eligible you will receive an email from , to submit more information.
Want reminders about pre-registration? Text “LOAN2” to 888-NJEDA-21 (653-3221)
- In existence by August 3, 2021
- $10 million or less in annual revenue
- Physical location in New Jersey
- Negatively impacted by COVID-19
- Registered to do business in New Jersey
- No tax debts to the State of New Jersey
Remember, the pre-registration portal opens at 9:00 am on Tuesday, July 20, 2021!