Establishes Urban Enterprise Zone Microloan Program in EDA to help certain businesses in Urban Enterprise Zones and UEZ-Impacted districts; appropriates $5 million.

This bill establishes a $5 million Urban Enterprise Zone Microloan Program within New Jersey's Economic Development Authority (EDA) to provide low-interest loans to qualifying businesses operating in designated Urban Enterprise Zones (UEZ) or UEZ-Impacted districts. It targets independently owned businesses that lack sufficient resources to launch or expand, requiring them to create at least five full-time jobs (with 50% being zone residents) and demonstrate business viability. Loans carry up to 3% interest (0% for veteran-owned businesses), span up to six years with one year deferred, and include partial forgiveness if the business fails after a genuine effort. Funds are drawn from a non-lapsing revolving loan fund, with repayments and interest recycled to sustain the program.