As of today, our loans to small businesses:
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In response to the devastation facing small businesses in the aftermath of Sandy, UCEDC has launched a low-interest, fast-decision working capital loan program. Small business owners can borrow up to $25,000 at 2% for five years with no collateral requirements to meet their post-storm recovery needs. This program was made possible through generous grants from Investors Bank and the Hurricane Sandy New Jersey Relief Fund.
The Storm Recovery Loan Program is designed to provide broad access to much-needed working capital. The program features a two-week turn-around (after receiving a completed application), no collateral requirements, no pre-payment penalities, and no processing or application fees.
Speak to one of our loan officers - 908-527-1166 - before submitting an application.
DOWNLOAD THE APPLICATION (complete, save, print and return to UCEDC)