Pre-applications are now available for the NJ Capital Access Fund. The Fund was designed by the NJEDA and offers working capital loans up to $250,000 to businesses that have been operating for at least 12 months, with a revenue of $10 million or less and fewer than 50 employees. The loan program offers flexible features, including no minimum credit score or collateral requirements, terms from 36 to 60 months, low fees to borrowers, and competitive fixed interest rates. Full details, including eligibility requirements and pre-applications, can be found here.  

Loan Terms:

• Between 36 and 60 months
• Borrow up to $250,000
• No origination fees
• No prepayment penalties
• Fixed, competitive interest rate* for the life of the loan
• No specific collateral required

Eligible Businesses and Nonprofits must:

• Operate in the state of New Jersey
• Have fewer than 50 employees
• Have an annual revenue of $10 million or less
• Have been in business for at least one year prior to the date of application
• Demonstrate the ability to repay the loan through cash flow

To pre-apply, click here.