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TRENTON – Legislation Senators Jim Whelan and Paul A. Sarlo sponsored to create a Small Business Loan Program to provide low interest loans to small businesses that commit to increase their workforce was today passed by the Assembly and sent to the governor’s desk.

“By providing low interest loans to New Jersey’s small businesses, we have real potential to create new jobs and stimulate the growth of small businesses and the economy throughout the State,” Whelan (D-Atlantic) said. “Small businesses have been hit hard during these tough economic times and are finding it difficult to obtain financing to expand their workforces. This program will provide these businesses, who want to help employ New Jerseyans, an option for financing.”

TRENTON – Legislation sponsored by Senator Jim Whelan and Senator Paul A. Sarlo which would create a “Small Business Loan Program” to provide low interest loans to small businesses that commit to increase their workforce was approved today by the full Senate.

“Small businesses have been hit hard during this recession and it is increasingly difficult for many of them to find financing options,” Senator Whelan (D-Atlantic) said. “The ‘Small Business Loan Program’ will provide low-interest loans to businesses that want to expand, creating new jobs and stimulating economic growth.”

TRENTON – Legislation sponsored by Senator Jim Whelan and Senator Paul A. Sarlo which would create a “Small Business Loan Program” to provide low interest loans to small businesses that commit to increase their workforce was approved by the Senate Budget and Appropriations Committee by a unanimous vote.

“By providing low interest loans to small business throughout the State, we can start to stimulate the economy and put New Jerseyans back to work,” Senator Whelan (D-Atlantic) said. “Businesses need access to capital to start, grow and expand their enterprises. If we can help them to obtain low-interest loans, our small businesses can hire and expand their workforce and put our unemployed men and women back on the job.”

TRENTON – Legislation sponsored by Senator Jim Whelan and Senator Paul A. Sarlo which would create a “Small Business Loan Program” to provide low interest loans to small businesses that commit to increase their workforce was approved by the Senate Economic Growth Committee by a unanimous vote of 7-0.

“By providing low interest loans to New Jersey’s small businesses, we have real potential to create new jobs and stimulate the growth of small businesses and the economy throughout the State,” Senator Whelan (D-Atlantic) said. “Small businesses have been hit hard during these tough economic times and are finding it difficult to obtain financing to expand their workforces. The ‘Small Business Loan Program’ will provide these businesses, who want to help employ New Jerseyans, an option for financing.”