NJEDA CEO Tim Sullivan NJEDA CEO Tim Sullivan

TRENTON, NJ—The New Jersey Economic Development Authority has launched a new pilot program making financing available to organizations that provide loans to micro-enterprises and other small businesses that are not yet able to qualify for traditional bank financing.

Under the Community Development Financial Institution initiative, the NJEDA will make up to $15 million available to CDFIs to expand their capacity to provide financing to New Jersey small businesses. Applications for the program are expected to be available in September 2019.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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