Requires EDA to provide loans through small business loan program at lower interest rates, with more flexible repayment terms if issued to small businesses owned or controlled by certain veterans, and prohibit certain fees.

This bill requires New Jersey's Economic Development Authority (EDA) to offer small business loans with lower interest rates and more flexible repayment terms to veteran-owned small businesses. Specifically, it mandates that businesses where over 50% of employees are veterans receive more favorable terms, and zero-percent interest rates apply to businesses owned by veterans with service-connected disabilities. The bill also prohibits the EDA from charging application, commitment, closing, or guarantee fees for these veteran-owned businesses. These provisions apply to loans issued through the EDA's existing small business loan program.