The NJ Capital Access Fund is designed for businesses and nonprofits like yours, connecting you with flexible capital, nonprofit lenders and expert advisors.
Because when you thrive, New Jersey thrives.
Developed by the NJEDA, the NJ Capital Access Fund provides working capital with fixed interest rates and flexible spending guidelines, so you have the freedom to achieve more and to plan your business’s bright future.
COMPETITIVE LOAN TERMS:
Between 36 and 60 months
Borrow up to $250,000
No prepayment penalties
Fixed interest rates for the life of the loan
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As of November 7, 2024, rates range from 8.75% to 10.75%, depending on length of the loan
No specific collateral required
ELIGIBLE BUSINESS 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
FLEXIBLE LOAN SPENDING:
Payroll
Supplies
Rent
Utilities
Marketing and advertising
Other business expenses
