As of today, our loans to small businesses:

$20,224,301

Resources & Solutions for Small Business
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Seaside Heights Businesses Get Make-Overs to Boost Summer Season.  Read the story and watch the video!


Important News for Businesses Impacted by Sandy:  2% working capital loans for storm recovery

The storm may have passed, but the recovery work continues. UCEDC is ready to help small businesses that need a boost to get back on track and grow.  We're offering up to $25,000at 2% for five years with no collateral requirements. 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 prepayment penalties, and no application or processing fees.

For larger capital needs, we continue to offer loans up to $250,000 with conventional interest rates and processing periods.

Call us today at 908-527-1166 to speak with our loan officers - we're ready for your call.  More details are available here.


UCEDC: Our Business is Helping Small Businesses

If you own a small business in New Jersey or are just thinking about taking the plunge, UCEDC can help you start, grow and thrive.

As a  statewide nonprofit economic development corporation with five locations throughout the state, UCEDC is  your business growth partner providing loans, training, and government contracting assistance to established and start-up businesses.  

With a variety of financing options, including SBA microloans, Community Advantage 7a loans, and 504 loans, UCEDC may be the answer when conventional lending is not available.  

Entrepreneurial training and free government contracting workshops will give you the edge you need to succeed.

 Read more

Building Ownership is Within Your Reach with the SBA 504 Loan Program

Are you ready to purchase or construct your own building?  Is it time to expand the building you already own?  Would investing in a major piece of equipment take your business to the next level?

The SBA 504 Commercial Real Estate and Major Equipment Loan Program may be the financing option you need to achieve your goals.

UCEDC works in partnership with a commercial lender to offer you long-term financing at below-market fixed rates.  With as little as 10% down and the ability to finance fees and closing costs, the SBA 504 program lets you save cash to invest into more productive business uses.

LEARN MORE about eligibility, costs and the application process.

Bigger Loans for Your Small Business Thanks to 7a Community Advantage Program

If you have big plans for your small business, our new SBA 7a Community Advantage program may be the answer.

UCEDC is one of only 40 lenders in the nation to offer the SBA financing program, designed to encourage business growth in under-served communities.  Long-term loans of up to $250,000 are available to start-up (in operation less than two years) and established businesses.

Funds can be used for a wide variety of purposes including working capital; furniture/fixtures, machinery and equipment; land acquisition for commercial purposes; construction or renovation for privately owned commercial properties; and business acquisition. 

LEARN MORE AND APPLY

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    Kids and their parents love Ridgewood’s Little Ivy Learning Center. So does UCEDC. We’re committed to supporting quality childcare options.

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