NJ EDA Mainstreet Lending Program
You’ve done the work.
From where you started, you’ve progressed by leaps and bounds. Do you have the capital that you need to fund your next growth phase?
TEC Capital and The Enterprise Center of New Jersey are introducing a new loan program in partnership with NJ EDA for New Jersey business owners to get to the funding they need when other avenues have been blocked. With our flexible lending standards, you may qualify for a loan amount from $10k-$100k. We help you through the entire process, from reviewing your financing needs to helping develop your business and sales.
With the support you need, we make it easier to achieve.
Click here to submit an inquiry form!
TERMS
- Up to 10 years
- 5% interest
- 12 month payment moratorium
- No pre-payment penalty
- No minimum credit score
- 1% origination fee
ELIGIBILITY
- <10 full time employees
- Revenue <$1.5 million
- For profit business
- New Jersey based
USE OF FUNDS
- Equipment
- Inventory
- *Operating expenses
*Certain terms apply
Success Stories
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When they’re given easy opportunities to serve, our citizens really step up.
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Success Stories
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When I discovered the MBE Equity Multiplier, I knew it was the missing component that would help make my vision clear. This process has equipped me and given me the confidence to push my vision forward to make it a reality.
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Success Stories
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Remaining competitive in the current marketplace often requires access to capital at key moments in our business.
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Success Stories
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When we first started with The Enterprise Center Capital Corporation, we had maybe 6 or 7 accounts, and we've doubled that now. The Enterprise Center Capital Corporation has been very helpful funding my larger jobs and assisting me with maintaining payroll and buying equipment.
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Success Stories
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The $14,000 working capital funding will be used to formalize registration as a home care provider and hire initial staff.
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Success Stories
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As my business moves to the next level, leadership training, and management support that the Enterprise Center provides are keys to achieving greater sales and more contracts.
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Success Stories
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I highly recommend the Enterprise Center and MBDA to diverse founders who are seeking capital to scale their businesses.
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Success Stories
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Working with the MBE Equity Multiplier team has been life changing. I cannot recommend this service more - I'm still mind blown by how much better our pitch has become.
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Success Stories
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I hope that when it all opens up that everybody goes out and supports our small businesses.
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Success Stories
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The CCE has been a helpful place to get questions answered when dealing with the city, how to create recipes, so we can be more consistent, create a budget, and best of all having other ‘foodprenueurs’ to meet and gain ideas and support in their endeavors.
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Success Stories
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The Enterprise Center’s Dorrance H. Hamilton Center for Culinary Enterprises (CCE),is a great community to be a part of.
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