1. New Jersey Economic Development Authority (NJEDA)
NJEDA offers various financing programs tailored for small businesses, including the Small Business Fund, which provides loans up to $500,000 for eligible businesses.
2. U.S. Small Business Administration (SBA) New Jersey District Office
The SBA provides support through funding programs, counseling, and federal contracting certifications. Their New Jersey District Office can connect you with partner organizations and lenders to help your business succeed.
3. New Jersey Business Action Center (NJBAC)
NJBAC offers resources and can refer you to various financing options available through NJEDA and community-based micro-lenders.
4. Local Financial Institutions
Community banks and credit unions in and around Lodi may offer small business loans with competitive rates and personalized service. It’s advisable to contact local branches to inquire about available programs.
5. Bergen County Economic Development Corporation (BCEDC)
BCEDC provides resources and support for businesses in Bergen County, including potential financing options. Visiting their website or contacting them directly can offer more information.
6. Business Equipment Loans in Lodi, NJ
For specific needs like equipment financing, organizations such as StartCap offer loans for various business equipment in Lodi.
Tips for Securing Funding:
• Prepare a Solid Business Plan: Lenders and grant programs typically require a detailed business plan outlining your business model, financial projections, and how the funds will be utilized.
• Explore Multiple Funding Sources: Consider combining loans, grants, and other funding options to meet your financial needs.
• Stay Informed About New Opportunities: Regularly check for new grant programs or loan initiatives at the local, state, and federal levels.
