Expanding on the success of the Jersey City Fund, which launched last September to provide small business loans from $25,000-$250,000, two new programs help facilitate funding for qualified business owners needing smaller infusions of capital. In coordination with the City’s initiatives, JCEDC is launching these two new programs to address the needs of small businesses. The EDA Microloan Fund is a new program offering $1,000-$5,000 loans at low interest rates. Please click here for more information and the application.

Another exciting new program is the Small Business Investors Fund, a forgivable loan program available to small business owners in underserved commercial corridors. These funds may be used for a variety of store upgrades, startup costs, and other business investments, and this program has been funded by a generous $50,000 seed donation from Investors Bank. These loans range from $5,000 to $10,000 and a portion of loan will be forgiven each year as long as the recipient remains in business in the same location and employs Jersey City residents. This program is designed to support brick-and-mortar businesses in certain Special Improvement Districts as well as other underutilized commercial corridors targeted by the Office of Innovation. Please click here for more information and the application.

Interested applicants may contact us at 201-333-7797 to learn more about eligibility and the application process.

The Jersey City Fund • 30 Montgomery Street, Suite 1400, Jersey City, NJ 07302 • 201-333-7797 • www.thejerseycityfund.com