Areas Served: Statewide New Jersey
UCEDC’s Business Growth Fund supports growing New Jersey businesses in need of a mid-sized loan or gap financing as part of a larger loan package with other lenders.
Loans can be used for expanding or renovating commercial real estate; improving facades; abating code violations; purchase of fixed assets, inventory or equipment; or working capital.
A portion of the funds may be used for refinancing existing debt.
Established businesses (36 months+) with a profitable operating history may borrow $20,000 to $150,000 at rates that vary from 7% to 9% and with terms that vary from 12 months to 120 months.
Application fees may apply plus applicable closing costs, 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
Leave a Reply