EQUITABLE SMALL BUSINESS INITIATIVE
The Equitable Small Business Initiative by New Jersey Community Capital and the African American Chamber of Commerce of New Jersey brings capital to small business enterprises in New Jersey, focusing on support for Black and minority-owned small businesses most affected by the COVID-19 pandemic.
Accepted candidates are eligible to receive additional resources for their businesses, including high-touch and individualized technical assistance, capacity building and administrative support.
For more information contact: esbi@aaccnj.com | Dina Gonzales 609-516-8468 | Bydeia Harmon 215-203-2228 | Phillip D. Woolfolk, COO PWoolfolk@AACCNJ.com
LOAN AVALIABILITIES:
Expanding financial relief and long-term investment for Black and minority-owned small business enterprises. The four loan areas fall under Loans Available:
- Relief Loans
- Expansion/Recovery Loans
- Real Estate Acquisition/Small Developer Loans
- Working Capital Loans
LOAN BENEFITS:
If approved for the Equity Small Business Initiative (ESBI) Program, you qualify for FREE supportive services and assistance to help strengthen your Loan Application, including:
- Business Plans
- Marketing Plans
- Financial Presentations including Financial Projections and Documents
LOAN ELEGIBILITY AND TERMS:
- Up to 75 full time employees
- BBEs
- Start-Ups must have revenue for 2021
RELIEF LOANS:
- $10,000 – $75,000
- up to 36 months
- 1 of 75 full-time equivalent employees
- 0% interest rates up to six months, 3% after
BUSINESS EXPANSION LOANS:
- loans up to $250,000
- Up to 60 months
- No maximum of full-time equivalent employees
- Interest rates subject to underwriting
CLICK HERE TO APPLY
www.aaccnj.com
379 West State Street
Trenton, NJ 08618
609-571-1620
