New Jersey § 38:23b-9
Full text of New Jersey New Jersey Statutes § 38:23b-9, with citation guidance and answers to common questions.
§ 38:23b-9.
Any application for a business loan made under this act 1 shall be submitted to the commissioner for his approval. The commissioner shall approve the application only if he finds that: a. The purpose of the loan is to establish or re-establish one or more veterans in
a business, including any agricultural pursuit, or profession; and b. The applicant has training or experience in the business or profession described
in the application, or is otherwise qualified; and c. The amount of the loan would not exceed the maximum amount reasonably necessary
to start in the business or profession or three thousand dollars ($3,000.00), whichever
is less; and d. The ability and experience of the veteran, and the conditions under which he proposes
to pursue such business or profession are reasonably favorable for the successful
liquidation of the loan. 1
N.J.S.A. §§ 38:23B-1 to 38:23B-23.
Frequently Asked Questions About New Jersey § 38:23b-9
What does New Jersey Statutes § 38:23b-9 cover?
Section 38:23b-9 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 38:23b-9?
A common citation format is "New Jersey Statutes § 38:23b-9" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 38:23b-9 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.