Jersey City Fund
The Jersey City Fund is a loan fund dedicated to helping Jersey City, NJ-based businesses grow and advance. If you are a small business looking for a loan to purchase new equipment, increase inventory, hire new workers and more, the Jersey City Fund through NYBDC is a great option that can help your business grow.
The Jersey City Fund’s goal is to assist, promote and advance the business prosperity and economic welfare of Jersey City by providing loans to small businesses. These loans are made to for-profit businesses located in Jersey City including start-ups, early-stage and mature businesses, with an emphasis on minority- and women-owned businesses.
Loan amounts range from $25,000 to $250,000. In addition, there are loans up to $5,5 million to support capital projects (including the purchase and/or renovation of real estate and equipment) through the SBA 504 Loan Program.
• Variable Terms from 5 to 10 years
• Application fees range from $500 to $1,500
• Interest rates range from 6% - 8%
Please click here to access The Jersey City Fund loan application.
For additional information head to the Jersey City Fund website.
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