Our small business loan programs can help entrepreneurs or start-up small businesses.
For example, we offer financial lending for small businesses in Burlington County!
Thinking of starting or growing your business in Burlington County?
Low- and Zero-Interest Loans are available for your Burlington County small business!
Burlington County Route 130 Revolving Loan Fund Program
Zero-interest loans offered to businesses locating or expanding in the Route 130 Corridor, a region in Burlington County, NJ targeted for economic growth. Route 130 Corridor Map indicates eligible municipalities in Burlington County, NJ
The Route 130 Revolving loans are for:
- Acquiring Real Estate (Land and/or Buildings) in Burlington County, NJ
- Improvements/Renovations to Real Property (Land and/or Buildings) in Burlington County, NJ
- Fixed Assets or Working Capital for businesses in Burlington County, NJ
In addition, Route 130 Revolving loans can fund up to 25% of project costs in participation with a commercial lender. Amounts are from $125,000 to $2,000,000.
Burlington County Small Business Direct Loan ($50K and under)
Low-interest loans offered to businesses located in or relocating to Burlington County, NJ; does not require bank involvement.
Small Business Direct Loans are for:
- Acquiring Real Estate (Land and/or Buildings) in Burlington County, NJ
- Fixed Assets or Working Capital for businesses in Burlington County, NJ
Burlington County Small Business Loan ($50K-$200K) Fund Program
Low-interest loans offered to businesses located in or relocating to Burlington County, NJ.
Small Business Loans are for:
- Acquiring Real Estate (Land and/or Buildings) in Burlington County, NJ
- Fixed Assets or Working Capital for businesses in Burlington County, NJ
Further, loans in this program can fund up to 25% of project costs in participation with a commercial lender and can be in the amount of $50,000 to $2,000,000.
ROUTE 130 REVOLVING LOAN FUND PROGRAM
Burlington County, NJ
for a comparison of loans and terms
SMALL BUSINESS LOAN PROGRAM
Burlington County, NJ
for a comparison of loans and terms
FINANCIAL RESOURCES FOR SMALL BUSINESSES IN BURLINGTON COUNTY, NJ
| LOAN PROGRAM | Route 130 Loan Acquisition/Improvements | Route 130 Loan Discretionary | Small Business Loan Fixed Asset Loan | Small Business Loan Working Capital Loan | Small Business Loan Direct Loan |
|---|---|---|---|---|---|
| BORROWER'S EQUITY | 10% minimum | 10% minimum | 10% minimum | 10% minimum | 10% minimum |
| OUT-OF-POCKET EXPENSES | Title search, title insurance, appraisal, environmental study, land survey, etc. | Title search, title insurance, appraisal, environmental study, land survey, etc. | Title search, title insurance, appraisal, environmental study, land survey, etc. | Title search, title insurance, appraisal, environmental study, land survey, etc. | Title search, title insurance, appraisal, environmental study, land survey, etc. |
| PARTICIPATING BANK | Required | Required | Required | Required | Required |
| LOAN TYPE | Gap Financing | Gap Financing | Gap Financing | Gap Financing | Gap Financing |
| INTEREST RATE | 0.00% | 0.00% | 75% of Prime Rate, Capped at 4% | 75% of Prime Rate, Capped at 4% | 75% of Prime Rate, Capped at 4% |
| LOAN AMOUNT | $125,000 to $2,000,000 | Up to $125,000 | Up to $200,000 | Up to $50,000 | Up to $50,000 |
| PURPOSE OF LOAN | Acquire real estate; Construct building, improvements and renovations. To create and retain jobs. | Working capital and fixed assets. To create and retain jobs. | Fixed assets. To create and retain jobs. | Working capital. To create and retain jobs. | Working capital and fixed assets. To create and retain jobs. |
| LENGTH OF TERM | 10-year maximum | 10-year maximum | 10-year maximum (participating bank to determine term) | 10-year maximum | 10-year maximum |