Main Street Micro Business Loan Information Session
The NJEDA will begin accepting applications for the program on Thursday, October 6, 2022 at 10:00 a.m. EDT.
The Main Street Micro Business Loan, which succeeds the Micro Business Loan Program established in 2019, will offer financing of up to $50,000 to eligible micro businesses in New Jersey that have no greater than $1.5 million in annual gross revenues and 10 or fewer full-time employees at the time of application and three months prior to the date of application.
Eligible applicants include for-profit, non-profit, and home-based businesses registered to do business in New Jersey with a business location (including a home office) in New Jersey.
The program terms have been broadened to enable support for more micro businesses, offering flexible loan terms and a generous forgiveness component.