Small Business

HELPING SMALL BUSINESSES SUCCEED

Interested in starting a company, but don’t know where to begin? Already own a small business, but need a little support to take it to the next level?

Recognizing that small businesses are a critical component of our State’s economy, New Jersey offers a wide range of customized services to help companies take root and grow – whether you’re a Main Street retailer or a biotech startup.

Small Business Advocacy

The New Jersey Business Action Center (BAC) serves as a “one-stop” shop for small companies. Here are just some of the services you can access by contacting BAC’s Small Business Advocacy Team:

  • Mentoring Assistance for business plan creation to financial statement preparation to making the pitch, and everything in between.
  • Financial Resources, including referrals to a variety of financing options available through the New Jersey Economic Development Authority (NJEDA) and community-based micro-lenders.
  • Advocacy Services that can help troubleshoot and cut through red tape to speed licensing, certification, regulatory requirements and more.
  • Labor and Workforce Assistance providing access to state training grants and resources to help you hire and train the best employees.
  • Procurement Assistance offers resources to help small companies take advantage of opportunities.
  • Export Assistance gives valuable information to help small businesses grow globally. 

Small Business Financing

The New Jersey Economic Development Authority (NJEDA) offers a variety of financial programs to help small businesses succeed, including low-cost financing through tax-exempt bonds, direct loans and loan participation/guarantees.

Micro Business Loan Program

The Micro Business Loan Program makes financing of up to $50,000 available to for-profit businesses legally registered to do business in New Jersey, with a business location in New Jersey (home-based businesses are not eligible), who have annual revenues in the most current fiscal year of no more than $1,500,000, and 10 full-time employees or less at time of application.

Startup businesses are eligible for financing but must demonstrate to the Authority that they have completed an entrepreneurship training program or Small Business Development Center counseling sessions.

Premier Lender Program

The Premier Lender Program creates new opportunities for small businesses and EDA’s lending partners by providing new, low-cost financing opportunities with faster turnaround.

If your small business is discussing potential financing with one of EDA’s Premier Lender banks, EDA’s participation or guarantee of a portion of the financing can lower the cost of borrowing for your business.

Small Business Fund

Creditworthy small, minority-owned or women-owned businesses in New Jersey that have been in operation for at least one full year and may not have the ability to get bank financing, or not-for-profit corporations that have been operating for at least three full years, may be eligible for assistance under the Small Business Fund.

WHAT CAN CHOOSE New Jersey DO FOR YOU

Relocation & Expansion Services

We provide customized RFI responses, demographics, detailed market assessments and other complimentary business relocation and expansion services. When your company chooses to grow in New Jersey, we also will help you publicize your good news.

Site Visits

We’ll make your property search seamless, so you find the site that best meets your relocation or expansion needs.

Economic Development Connections

Our public and private partners provide a wide range of services. From higher education research collaboration to regulatory and legal assistance to workforce training, they’ll ensure you have a smooth landing.

Bill Noonan
Business Development Director