Small Business Programs in 2022

1. NJEDA Small Business Improvement Grant

The Small Business Improvement Grant offers reimbursement for costs associated with making building improvements or purchasing new furniture, fixtures and equipment.


  • 50% of eligible total project costs up to $50,000


  • Businesses may be reimbursed for capital improvements, or purchase and/or installation of new furniture, fixtures, and equipment


  • Open to small businesses and nonprofits
  • Minimum project cost of $5,000
  • Applicant must rent or own facility being improved

*Additional terms apply. See eligibility on the NJEDA website.

2. NJEDA Main Street Micro Business Loan

Main Street Micro Business Loan will provide low-cost financing of up to $50,000 to eligible micro businesses in New Jersey with ten or fewer full-time employees and no greater than $1.5 million in annual revenues. The loan will cover future operating expenses such as inventory, equipment and working capital to fund business operating expenses. The loan will have a standard 10-year term and the interest rate will be 2 percent, with no interest and no payments due for the first year.


  • Loans up to $50,000 for working capital expenses


  • Low-cost financing with flexible terms to early stage micro businesses
  • No collateral is required
  • Reduced Fees


  • For-profit business, non-profit, and home-based businesses with a business location in New Jersey and that have been in operation for at least six months.

View more details on the NJEDA website.

3. Morris County Small Business Grant Program

The Morris County Small Business Grant Program has begun accepting applications to aid local small companies, entrepreneurs and non-profits impacted by the pandemic.

Details may be found at

The program will provide grants of up to $15,000 to reimburse small businesses and non-profit organizations for specific pandemic recovery expenses incurred on or after March 3, 2021 – a timeline established under the federal American Rescue Plan Act (ARPA), which is the source of the funding.

The Small Business Grant Program eligibility requirements include:

  • Available to businesses with 25 or fewer full time employees (or equivalent)
  • In operation since Jan. 1, 2019
  • Located within Morris County
  • Less than $5 million in sales/revenue
  • Proof of a decline in sales/increased expenses due to the COVID-19 pandemic