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

S 873 requires the New Jersey Economic Development Authority (EDA) to ensure at least 12 percent of funds distributed through the state's existing small business loan program each year go to businesses owned or controlled by veterans, with priority for veterans declared to have service-connected disabilities by the U.S. Department of Veterans Affairs. The EDA must administer the program to meet this target while maintaining loans for capital purchases, employee training, and operational needs for all eligible small businesses. The bill defines a "veteran" as a New Jersey resident honorably discharged from the U.S. military, applying to all businesses qualifying under the program’s current rules.