Storm Recovery Loan Program

UCEDC offers 2% working capital loans for storm recovery 

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.  

Eligibility Requirements:

• In business at least two years
• Profitable prior to the storm
• Business owner/s must have minimum FICO credit score of 600
• Physical or financial damage (business interruption, etc) due to the storm 

Application Requirements:

• Completed loan application
• Two years personal federal tax returns
• Personal cash flow statement
• Two years complete business tax returns
• Current interim financial statements
• Copy of lease, if applicable

Speak to one of our loan officers - 908-527-1166 - before submitting an application.

DOWNLOAD THE APPLICATION (complete, save, print and return to UCEDC)