Business Loans in New Jersey

Get the funding you need to succeed in your New Jersey business


Small Business Customers

375 Million+

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Known as the “Garden State,” New Jersey is located between Boston and Washington D.C., putting it smack in the middle of a powerhouse of economic activity in the United States. The opportunities for New Jersey small businesses are endless when it comes to consumers and industry as New Jersey's economy is thriving.

At AdvancePoint Capital, we specialize in providing small business loans in New Jersey up to $1,000,000 with flexible terms and rates tailored to your needs. Trust us to understand and meet the unique financial needs of your business.

Whether you’re looking for a loan for working capital or have a business plan to expand your business, Advancepoint Capital can help. We have access to a variety of loan products, including SBA loans, equipment financing, lines of credit, and more.

Get A Business Loan in New Jersey

If you need your cash fast, Advancepoint Capital offers business loans with flexible terms and rates that work for you. We understand the needs of small businesses in New Jersey and can help you access the funding you need to grow your business. As a trusted provider of small business loans in New Jersey, we understand the unique needs of businesses in the state and can help you find the right financing solution. Contact us today to learn more about our loan products and how we can help you. We offer free counseling so inquire about our services.

9 Best Loans for New Jersey Small Businesses (May 2023)

small business loan

Small Business Loans

Small business loans are a great solution based businesses looking for access to capital for there business. Small Business loans have fixed terms and fixed payments making repayment predictable and affordable

SBA Loan

SBA Loans

Government agencies such as the Small Business Administration (SBA) provide affordable financial programs at attractive rates and terms.

Merchant Cash Advance

Merchant Cash Advance

Merchant cash advance provides access to money to New Jersey based businesses who can't get business financing from traditional banks and lenders due to credit, financial analysis, cash flow or other reason. Terms are shorter in duration to pay and funds are paid back by a percentage of future credit card sales.

Small Business Cash Advance

Business Cash Advance

Business cash advance(BCA), like Merchant cash advance(MCA) provides money for businesses that can't get traditional small business loans. What's different about a BCA verses MCA is that the funds ae paid back by a percentage of future deposits of the business.

Business Line of Credit

Business Line of Credit

Business Line of credit is a revolving line which allows you to draw funds on demand without speaking to the lender up to a credit limit. Great for quick working capital needs.

Equipment Financing

Equipment Financing

When you need to purchase new equipment and equipment loan or lease is the finance choice. Equipment financing uses the equipment to provide longer terms to make the payments more affordable than many small business loans.

Invoice Financing

Invoice Financing

Invoice factoring allows companies who invoice there clients on a monthly basis an ability to advance the amount of the invoice to the merchant before the client pays invoice in full. Great way to get paid fast and keep cash flow healthy.

Short-Term Business Loan

Short Term Small Business Loans

Short term loans provide funds to businesses in need of working capital. Short time frame to repay.

Long Term Business Loans

Long Term Business Loans

Long term loans help finance large projects and business expansion that provides access to money with affordable payments and time to repay.

New Jersey business resources guide

U.S. Small Business Administration

How to Grow Your Business in New Jersey

View the New Jersey Small Business Resource Guide for information and assistance in growing your local business, exploring funding options, and contracting.

U.S. (SBA) U.S. Small Business Administration
New Jersey District Office

New Jersey small business loan

Why Do You Need a Business Loan?

What do NJ small businesses use their loan proceeds for? The most common reasons New Jersey small businesses look to finance:

  • General capital funds for business
  • Stabilizing cash flow
  • Fund business opportunities to expand the company
  • Purchase of equipment
  • Advertising/Marketing Costs
  • Money for unexpected issues
  • Employees, help, or staff resources 
  • Operational needs to support services
  • Spur Economic Development

Additional Resources, Grants, and Other Opportunities in New Jersey

The State of New Jersey Economic Development Authority (NJEDA or EDA)

The New Jersey Economic Development Authority creates public-private partnerships to provide access to money to fund New Jersey businesses. The primary focus is to provide funds to small to mid-size businesses (SMB’s) and non-profits organizations.

The State of New Jersey Economic Development Authority (EDA) Programs

  • Micro Business Loan Program
  • Premier Lender Program
  • Direct Loans
  • CDFI Loan to Lender Program
  • Premier CDFI Program
  • Small Business Bonding Readiness Assistance Program
  • Small Business Fund
  • Small Business Lease Assistance Program
  • Small Business Services
  • Wineries & Vineyards Program

New Jersey Department of State Business Assistance Programs

Small & Mid-Sized Business Assistance Programs

Premier Lender Program- The Premier Lender Program creates new opportunities for small businesses and EDA’s lending partners by providing low-costs financing opportunities and support with faster turnaround.

Direct Loans- New Jersey businesses in need of financing and committed to job creation/retention may be eligible for direct loans through the EDA when conventional financing is not available.

Access Program- Access is a pilot lending program that provides financing to small businesses in New Jersey – either in the form of direct loans through EDA, or through loan participations/guarantees in partnership with an EDA Premier Lenders.Access is different from other EDA financing programs in that it provides greater flexibility to borrowers by placing greater emphasis on the borrower’s cash position and less emphasis on hard collateral.

Small Business Fund- Creditworthy small, minority-owned or women-owned businesses in New Jersey that have been in operation for at least one full year and may not have the ability to get bank financing, or not-for-profit corporations that have been operating for at least three full years, may be eligible for assistance under the Small Business Fund.

Bond Financing- Creditworthy manufacturing companies, 501(c)(3) not-for-profit organizations, and exempt facilities in New Jersey may be eligible for long-term financing under the Bond Financing Program.

Small Business Lease Assistance Program- The Small Business Lease Assistance Program offers reimbursement of a percentage of annual lease payments to for profit businesses and non-profit organizations in eligible areas that plan to lease between 500 – 5,000 square feet of new or additional market-rate, first-floor office, industrial or retail space for a minimum 5-year term.

CDFI Loan to Lender Program

Union County Economic Development Corporation (UCEDC)- A statewide, not-for-profit economic development corporation dedicated to assisting and financing small businesses and minority- and women-owned enterprises. Access to capital is often a small business owner’s greatest challenge and UCEDC offers a variety of financing options when conventional lending sources are not available. With loans ranging from $500 to $5 million, including microloans, SBA 7a, and SBA 504 loans, UCEDC will work with start-up and established businesses to find the right financing solution.

Cooperative Business Assistance Corporation (CBAC)- A non-profit, public-private partnership created in 1987. Established to encourage the growth and stability of the small business sector, CBAC facilitates opportunities for banks to make business loans in the City of Camden, New Jersey, Philadelphia, Pennsylvania, and the six counties located in Southern New Jersey. CBAC offer loans to businesses for as little as $1,000 to as much as $2,000,000 through various loan and guaranty programs.

Greater Newark Enterprises Corporation (GNEC)- GNEC provides financial assistance and training to small businesses, businesses owned by women, low-income individuals, and minorities for the purpose of encouraging entrepreneurship.

New Jersey Community Capital (NJCC)- New Jersey Community Capital is a 501(c)(3) nonprofit CDFI that provides innovative financing and technical assistance to organizations that support housing and sustainable community development ventures that increase jobs, improve education and strengthen neighborhoods. NJCC offers loan capital that is broader than bank lending to results-oriented, socially responsible organizations that are committed to creating positive change in low-to-moderate income communities throughout New Jersey.

Regional Business Assistance Corporation (RBAC)- RBAC is a private non-profit organization formed in 1981 to provide loans to both new and existing small businesses in New Jersey.  RBAC’s mission is to loan capital and business mentoring to small business owners that cannot access more conventional bank financing.  All RBAC loan programs can be, and often are used in partnership with other lenders for larger loan amounts.

Why AdvancePoint Capital?

  • Experience with Businesses – We have been providing financing in New Jersey for years.
  • Trust – Excellent reviews and feedback from small business owners.
  • Loan Specialists – Experienced business funding specialists in New Jersey.
  • No Obligation – No cost, no commitment quotes.
  • Products – A variety of business loan products for businesses in New Jersey.

Apply for Business Loans in New Jersey Today!

Getting a financing solution or financial advice in New Jersey can be troublesome. At AdvancePoint Capital, applying for a business loan is fast and easy with our simple application process. All you need to do is fill out our online form, and application page, and in just a few hours — you’re well on your way to getting yourself a business loan in New Jersey. 

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Get Started Today

AdvancePoint Capital makes the loan application process a simple, straightforward experience.

Frequently Asked Questions

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