Based on the significant number of applications already received, funding for the Main Street Micro Business Loan is fully subscribed. Based on the fact that the New Jersey Economic Development Authority's (NJEDA) application fee is non-refundable, NJEDA is no longer accepting new applications. If you have any questions, please contact the NJEDA Call Center at 844-965-1125. Applicants who already have an application in progress will have until 5 PM on Wednesday, October 12th , 2022 to complete and submit their application. Applicants who do not complete and submit their in progress application by Wednesday, October 12th, 2022 at 5 PM will no longer have the ability to do so after that date and time.
Main Street Micro Business Loan will provide financing of up to $50,000 to eligible micro businesses in New Jersey with ten or fewer full-time employees and no greater than $1M in annual revenues.
The program is the successor to the Micro Business Loan Program established by the NJEDA in 2019.