In partnership with two dozen banks throughout New Jersey, the Premier Lender Program offers up to a $2 million loan participation or $1.5 million loan guarantee for fixed assets, and up to a $750,000 loan participation or $1.5 million guarantee for term working capital. Line of credit guarantees of up to $750,000 are also available.
Eligibility
Be in operation for at least two full years;Must commit to create or retain one new full-time job for every $65,000 in EDA exposure within two years;1.1X debt service coverage ratio for small businesses;100% loan-to-value for real estate and 90% for equipment
External URL
Target Geography