NJ Spotlight News | Clip | EDA rolling out a new loan program for small business

The New Jersey Economic Development Authority is rolling out another program to help small businesses. The authority’s board voted to create the Main Street Micro Business Loan program, which will provide up to $50,000 for businesses with 10 or fewer full-time employees. Nonprofits and home-based businesses can also apply for 10-year loans with a low-interest rate if certain requirements are met.