Empowering New Jersey’s Small Business Owners with Accessible Capital

We provide affordable loan solutions designed specifically for entrepreneurs across New Jersey who are often overlooked by traditional banks. Whether you’re launching a new venture or expanding an established business, our small business loans are built to support your growth in the diverse and dynamic communities throughout the Garden State.

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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 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 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.