News
UCEDC Offers 2% Working Capital Loans for COVID-19 Crisis Relief
*ATTENTION – We have currently exhausted all of our available funds for the COVID-19 Crisis Relief Loan Program and we are no longer able to process new Crisis Relief Loan applications. Please check back at www.ucedc.com for up to date information regarding…
UCEDC’s Response to COVID-19
In light of recent events regarding the coronavirus COVID-19 pandemic, UCEDC is taking the following precautions to prevent any exposure or spread to our employees and the business community that we serve: We are requesting all scheduled in-person visits be…
UCEDC Wins “#1 Microloan Intermediary of the Year” from the SBA New Jersey District!
UCEDC received the “#1 Microloan Intermediary of the Year” award for the state of New Jersey as well as SBA’s “Silver Level Award” for 2019 at the SBA New Jersey District Lender Awards Luncheon on January 23, 2020. When asked…
UCEDC Awarded $110,000 “Impact 100 Garden State” Grant!
At their Annual Awards Meeting on November 6, Impact 100 Garden State awarded UCEDC a $110,000 grant for its Entrepreneurship as a Second Chance (ESC) pilot program. The Entrepreneurship as a Second Chance initiative will offer formerly incarcerated individuals the…
HCEDC & UCEDC Approve $2 Million in Business Loans as Part of the “Million Dollar Challenge” Program
Click here to learn more about the Million Dollar Challenge initiative.
Maureen Tinen Announces Retirement, Adam Farrah to Succeed as UCEDC President
MAUREEN TINEN TO RETIRE Maureen Tinen, who has served as president of UCEDC since she joined the organization in 1986, will retire at the end of this year. Maureen will be succeeded by Senior Vice President Adam Farrah, whom she…
UCEDC’s Greg Fabijanczuk Receives Union County Fatherhood Initiative’s Father of Resilience Award!
On October 8th the Union County Fatherhood Initiative Coalition (UCFIC) presented UCEDC’s Greg Fabijanczuk with the Fatherof Resilience award. A two-time survivor of cancer and a father of five children of whom he was awarded full custody in 2006, Greg…
This Caught Our Eye: Online Lending Trends and Troubles
Online lending may be quicker, and it might be more accessible, but in many cases, it’s not what’s best for your business. According to the Small Business Credit Survey (SBCS), 32% of small business loan applicants turned to online lenders…