Up to $2 million for fixed assets
Up to $750,000 for working capital
Fixed assets or working capital
Lower interest rates
Businesses must commit to the creation or retention of one full-time job for every $65,000 of EDA exposure within two years
Based on the 5-year US Treasury or floor of 2%, whichever is higher, with basis point additions for credit risk.
- Application fee: $1,000
- Commitment fee: 0.875% of loan amount
- Closing fee: 0.875% of loan amount
Division of Taxation Tax Clearance Certificate required. Certificates may be requested through the State of New Jersey’s Premier Business Services (PBS) portal online.
Please note: It is the applicant/client’s responsibility to maintain a current and clear tax clearance certificate. If a current and clear certificate is not evidenced to EDA at time of closing, EDA will not proceed with closing.
- Under the Tax & Revenue Center, select Tax Services, then select Business Incentive Tax Clearance.
- If the applicant’s account is in compliance with its tax obligations and no liabilities exist, the Business Incentive Tax Clearance can be printed directly through PBS.