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

This bill (A 873) amends New Jersey's existing small business loan program to require the Economic Development Authority (EDA) to ensure at least 12% of all loan funds distributed annually go to veteran-owned or veteran-controlled small businesses. It prioritizes businesses owned by veterans declared to have service-connected disabilities by the U.S. Department of Veterans Affairs or Defense. The EDA must administer the program to meet this allocation goal while maintaining existing eligibility rules for all small businesses. This directly affects veteran entrepreneurs seeking loans and the EDA's oversight of the program.