Jersey City Economic Development Corporation currently offers the following loan and financing opportunities suited to small businesses:

The Jersey City Fund
$25,000 - $250,000 SBA Community Advantage Loans for start-ups, early stage and mature businesses. The loan may be used for a range of purposes including purchasing new equipment, increasing inventory, hiring new workers, refinancing and more.

• Term: Varies; 5-10 years
• Interest rate: Varies
• Collateral requirement: Yes
• Application fee: Varies; $500-$1,500

A minimum credit score of 640 is required for approval.

If you are interested in applying for this loan and would like an initial review of your loan request, please contact Florence Baron, Development Director, by email Please be prepared to provide a business plan and two years of tax returns for all owners of the business.

Questions/Concerns: please email or call 201-284-9478.

Excelsior Growth Fund
At Excelsior Growth Fund (EGF), their mission is to help businesses in New Jersey, New York and Pennsylvania grow by providing small business loans and advisory services. As a nonprofit certified Community Development Financial Institution, they are a responsible lender you can trust. One of their signature products, this loan provides up to $100,000 through a streamlined online platform. It is fast and easy. In just 20 minutes, you can submit all of the information needed to evaluate and process your small business loan application.

Learn more at

Take advantage of being a certified UEZ Business

If your business is located in an Urban Enterprise Zone (UEZ), we’ll assist you in registering for certification so you can enjoy the benefits of being a UEZ business:

  • Pass on savings to consumers with reduced retail sales tax
  • Make tax-free purchases of capital equipment, facility expansions, upgrades and certain personal property
  • Purchase subsidized unemployment insurance

To obtain additional information and assistance on the UEZ program, email Florence Baron at or phone 201.284-9478.

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