UCEDC 0% interest Loan Program: 

View the drop down menu and click "UCEDC 0% Interest Loan Program to start. 

NJEDA Grant Programs:

The New Jersey Economic Development Authority provides small businesses with a number of different grant programs. These programs include the following:

Main Street Recovery Grant Program:

• Small Business Lease Assistance Grant: a $10 million program that will provide grants to businesses entering new or amended leases with at least five-year terms that include at least 250 square feet of street-level space. This grant funding will offset a portion of annual lease payments for two years. Click here for more information.
• Small Business Improvement Grant: a $15 million program that will provide grants up to $50,000 to reimburse businesses for a portion of costs associated with improvements and/or the purchase or installation of furniture, fixtures, and equipment since March 9, 2020. Click here for more information.

NJEDA Opportunities - August 2023: A list of many different NJEDA Financing and Incentive Opportunities. Please note that this list has been updated for August 2023. Please refer to the NJEDA website if outdated.  

 

UCEDC Loan Programs:

Mercer County has partnered with the UCEDC on a County Business Lending Program. These loans come in a variety of different forms and include the following:

Microloans:

• General Microloan: loans up to $50,000 at a fixed rate (5.75% - 7.75%) for up to six years with as little as 10% down. Click here for more information.
• Rapid Response Loans: loans up to $10,000 (no collateral required) with a decision in two days or less. Click here for more information.
• Prime Lock Loans: loans up to $25,000 (no collateral required) in which you can lock in your prime interest rate at 5.00% for up to five years. Click here for more information.

Women-Owned Business Loans:

• Tory Burch Foundation Loans: loans up to $50,000 to women owned businesses with a 2% interest rate reduction. Click here for more information. Subject to available funding.

Long-Term Loans:

• SBA 7(a) Community Advantage Loans: loans from $50,000 up to $250,000 for a term of 7-25 years are available to existing businesses. Loans from $50,000 up to $150,000 for a term of 7-25 years are available to start-ups. Click here for more information.
• SBA 504 Loan: UCEDC / SBA partners with a Bank to provide long term financing for the acquisition of fixed assets (primarily real estate). SBA portion available up to $5,000,000. Total financing (including bank portion) can exceed $20,000,000 or more. Borrower puts as little as 10% down in many cases. For more information, click here.       

Contact for Application or Further Information:

To apply for any of these loan opportunities, please contact the Mercer County Office of Economic Development at (609) 989-6555 or the UCEDC at (908) 527-1166.

Other Loans and Grants:

Working in partnership with the Small Business Development Center, our Office has provided below a link to list of competitive grants and loans that are available to the business community in Mercer County.  Please click on the link below to access this database:

 GRANT AND LOAN DATABASE 2020