We empower small business owners through providing affordable loan capital.

Our range of small business loan offerings is tailored specifically for entrepreneurs who find themselves under-served by conventional financial establishments. We extend affordable loan capital solutions to both budding startups and established small businesses within the vibrant landscape of the New York Metro Area.

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Renaissance Economic Developement Corportation
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Small Business Loan Program
This small business loan program is a low cost flexible loan program for pre-revenue start-up and existing businesses that have working capital or start up budget needs. This loan program is especially helpful to those who are not able to access traditional bank financing. Loan funds are flexible and can be used for renovations, inventory, marketing, debt refinance, and working capital.

• Loan up to $100,000
• 4-6% fixed interest rate
• Loan terms up to 72 months
• Flexible use of funds for business purposes
• Available for start up or existing businesses
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Small Business Express Impact Loan Program
This express loan program is for small businesses that need a quick capital infusion to meet working capital gap needs. This is flexible working capital up $15,000 for immediate and flexible use. Especially with rising costs of goods and services, small businesses can use this express loan to assist with vendor payments, debt refinancing or pay for increasing operating expenses.

• Loan up to $15,000
• 8% fixed interest rate.
• Loan terms up to 36 months
• Funds can be used for business working capital
• Easy qualification
• Funds can be available in two weeks after approval
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SBA Community Advantage
This is an SBA guaranteed loan program for pre-revenue start-up and existing businesses that need to borrower a larger loan amount but lacks the traditional collateral to secure their loan. With the SBA guarantee, Renaissance is able to extend a larger loan to those who cannot access conventional bank loans.

• Loan up to $250,000
• WSJ Prime + 4% interest rate
• Loan terms up to 84 months.
• Available for start-ups or existing businesses.
• SBA guaranteed loan program.

Loan Programs

New Jersey Main Street Micro Business Loan

Up To $50,000

Loan Eligibility Requirements:

  • Located in NJ, with preference given to those located in the NJ Opportunity Zones
  • Must commit to our Technical Assistance Training Program the first year of receiving the loan.
  • At least 1 year in operation
  • Fewer than 10 full-time employees
  • Annual revenue of less than $1.5 million
  • Minimum credit score of business owner is 600
  • Must provide current NJ Business Tax Clearance Certificate
  • Personal Guarantor of owners with 20% or more ownership

New Jersey Small Business Loan Fund

Up to $100,000

This loan program is best for existing businesses or new entrepreneurs who want to start a business located in New Jersey. This program has flexible terms and use of funds.

Greater New York Loan Fund

Up to $100,000

This loan program is specifically for those business owners who are socially & economically disadvantaged. This loan program has flexible terms and conditions and quick approval time.  It is also great for NYC businesses that want to expand outside of NYC into Long Island or Mid-Hudson Valley.

SBA Microloan

Up to $50,000

This loan program is best for existing microbusinesses or new entrepreneurs who want to start a business located in NYC. This program has flexible terms and use of funds. It is mostly used for quick working capital needs.                                                                                                                      

Emergency Loan Program

Up to $50,000

Existing NYC Small business that is impacted by unexpected situation such as natural disaster, fire or flood causing interruption and damages to the business. Must demonstrate damages to apply.                                                                                              

New Jersey Capital Access Fund

Up to 250,000

This Loan Program is for:

  • Existing Business in operations for at least 1 year prior to loan application date
  • Located in New Jersey
  • Have fewer than 50 employees
  • Less than $10 million in annual revenue

New York Forward Loan Fund

Up to $150,000

Loan Eligibility Requirements:

  • Existing operations in New York State
  • 100 or fewer full-time employees
  • Less than $5 million in gross annual revenue
  • Been in business for at least 1 year prior to application
  • Loan Proceeds cannot be used for passive real estate, purchase of securities and/or lobbying