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 creates a $5 million microloan program through New Jersey's Economic Development Authority to support eligible businesses in designated Urban Enterprise Zones (UEZs) or UEZ-impacted districts. Qualified businesses must be independently owned, operate primarily in New Jersey, create at least five full-time jobs (with 50% local residents), and demonstrate financial need for operational or capital expenses. Loans offer low interest (up to 3%, 0% for veteran-owned businesses) with flexible terms, including potential partial forgiveness if the business fails after a good-faith effort. Funds will come from a dedicated revolving loan fund replenished by repayments, aiming to stimulate economic activity in designated distressed areas.