Requires EDA administer small business loan program to provide loans to small businesses owned or controlled by certain veterans.

This bill (A3917) amends New Jersey's existing small business loan program administered by the Economic Development Authority (EDA). It requires the EDA to ensure at least 12% of all loan funds distributed annually go to small businesses owned or controlled by veterans, with priority given to those with service-connected disabilities as defined by the U.S. Department of Veterans Affairs. The policy directly affects veteran-owned small businesses seeking loans through the program, requiring the EDA to track and prioritize these applications. The change applies to the current EDA loan program without creating new funding, focusing on directing existing resources toward veteran entrepreneurs.