In coordination with the City’s initiatives, Jersey City Economic Development Corporation (JCEDC) offers loan programs to address the needs of small businesses.
UNAVAILABLE UNTIL FURTHER NOTICE: The EDA Microloan Fund offers $1,000-$20,000 loans at low interest rates. This loan may be used to purchase inventory and/or supplies; equipment; marketing/advertising; relocation expenses; renovations and working capital.
The Jersey City Fund is a SBA Community Advantage loan with amounts from $25,000 to $250,000. These loans from The 504 Company are made for start-ups, early-stage and mature businesses, with an emphasis on minority- and women-owned businesses. The loans may be used for a range of purposes including purchasing new equipment, increasing inventory, hiring new workers, refinancing and more.
Which loan is right for you? JCEDC will guide you through the process and aide you in completing the application(s). Call 201-284-9478.