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New Jersey

You've got your project and your lab coat. But stop right here for your funding needs.

The New Jersey Technology Funding Program makes loans of up to $3 million to second-stage firms developing new technologies or products in areas such as bio-science, telecommunications and computer software. These bank loans, guaranteed by the Economic Development Authority (EDA), can be used for working capital or fixed assets. The EDA typically backs 25 to 30 percent of the loan but may consider up to 50 percent. For more information, call (609) 292-0187 or send e-mail to cld@njeda.com

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This article was originally published in the January 2000 print edition of Entrepreneur with the headline: New Jersey.

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