All signs point to ‘yes’ to answer this question. This is one of the NJEDA’s most popular programs, with its generous terms of 2% interest, first year no payments, and eligible for loan forgiveness after five years–meaning you can walk away with $10K-$20K in ‘free money’ if you manage to get in your application on time.
This loan program generally shuts down as over-subscribed just 2-4 hours after opening. So make sure to have all the documents you’ll need to submit in one folder, ready to upload.
GUESSTIMATED START DATE: February or March 2025
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