Areas Served: Statewide New Jersey
UCEDC’s Microloan Program provides both start-up and existing businesses with an opportunity to borrow money for a variety of reasons, including purchasing equipment, fixtures or inventory; working capital; or making renovations on privately owned commercial real estate.
Start-ups (operational for less than two years) can borrow a maximum of $35,000 at 10.25% for up to six years.
Older businesses with a profitable operating history are eligible for up to $50,000 at 9.0% for the same time period.
Closing fees apply, but you may prepay without penalty.
Contact InformationUnion County Economic Development Corporation
Address: 1085 Morris Avenue
City: Union
State: New Jersey
Website:
http://www.ucedc.com/content/loan-products
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