Areas Served: City of Pleasantville
The Pleasantville Urban Enterprise Zone can help your business get a low cost loan.
It has the resources to shop for the best interest rates available along with the professional services that will save you time and money.
The UEZ provides qualified businesses – like yours – with a loan and matching funds from participating lenders.
The Pleasantville UEZ is creating opportunities and helping them to succeed.
How? It puts you in touch with several lenders instead of one or two.
The UEZ’s partnership with participating lenders may provide lower rates than if you dealt with them independently.
What’s more, our five year loans may reduce financial pressures.
Most important, the UEZ’s Loan Manager will give you experienced, personalized service through the entire loan process.
Small Business Loans Without a Bank The UEZ offers small business two different loan programs that don’t require a bank.
The loans are for existing businesses but are not offered for refinancing purposes.
All applicants must be certified UEZ businesses and all loans must be utilized for UEZ purposes.
Micro Loans $2,000 to $20,000 UEZ Micro loans are offered in a minimum amount of $2,000 and a maximum of $20,000. Within this range, loans for the acquisition of inventory, equipment and fixtures may be made for up to $10,000. Micro Loans above $10,000 will only be made for capital improvements.
Non-participating Loans Over $20,000 The UEZ may offer loans in excess of $20,000 without the participation of a commercial lender.
These loans are subject to the underwriting requirements and collateral requirements of the loan program in which commercial lenders participate.
The only difference in regard to these loans in excess of $20,000 is that the UEZ provides the full amount of funding.
All other credit, collateral and security provisions of the Loan Program remain the same.
Contact InformationCity of Pleasantville, New Jersey
Address: 18 N First St
City: Pleasantville
State: New Jersey
Website:
http://www.pleasantville-nj.org/index.asp?var_incl=UEZ_loan.lbi
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