UCEDC's Business Growth Fund is a financing program for growing businesses in need of a mid-sized loan or gap financing as part of a larger loan package with other lenders.

Direct loans range from $5,000 to $150,000 for any of the following uses: relocation and related expenses; machinery or equipment; purchase, expansion or renovation on commercial real estate; façade improvements; abatement of code violations; or a portion of working capital.

Professional staff will work closely with you providing technical assistance custom tailored to your business needs.

Description of Rate and Terms

• $150,000 maximum statewide

• Rate is the prime commercial lending rate plus 1%

• Terms can range from 12 to 120 months

• No prepayment penalties

• Application fee plus applicable closing costs

Questions? Fill out our information request form or give us a call at 908/527-1166.

Our Financing Services

Microloans

For start-ups entrepreneurs, in amounts from $500 to $35,000

Loan Packaging Assistance

A creative way to finance business expansion

Debt Refinancing

Loan program to refinance existing debt, from $500 to $20,000.

Business Growth Fund

A statewide loan program assisting growing small businesses, with loans up to $150,000.

First Steps Childcare Loan Program

Special loan program for new or existing childcare programs, including center-based, home-based and non-profit centers. Loans range from $500 to $150,000 and can be used for the purchase of educational supplies, furniture, playground equipment, fencing, etc.
 

UCEDC/United Way Emergency Loan Program

Unique program to assist United Way member agencies with short-term cash flow needs.

Fill out our information request form.

Download a loan application.

Información en Español.