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NJ
Main Street Acquisition Support Grant
Pilot program providing up to $50,000 reimbursement of closing costs to NJ small businesses that have purchased a New Jersey commercial property to operate from. Helps boost liquidity following commercial property purchase.
About this program
Limit one grant per EIN. Requires deed restriction filed by NJEDA for 5-year compliance. Repayment prorated 20% per year if non-compliant.
Eligibility
For-profit or nonprofit NJ small businesses meeting SBA definition by NAICS code. Closing must have taken place after 10/1/2024 and application within one year of closing. Business must occupy at least 1,000 sq ft of the property. Must close on a loan through a conventional lender. Property must remain occupied by grantee for minimum 5 years.
Funding Categories
Real Estate Acquisition