ANYONE WHO OWNS OR IS STARTING A BUSINESS IN THE STATE OF NEW JERSEY IS ELIGIBLE FOR RBAC FINANCING. WHICH LOAN IS RIGHT FOR YOUR BUSINESS?
SBA 504 LOANS
Up to 90% of financing of total project cost. Use to purchase and refinance commercial real estate and equipment. Must be 51% owner occupied with a down payment as low as 10%. SBA 504 Loans are available to most small businesses throughout the State of New Jersey.
SBA COMMUNITY ADVANTAGE LOANS
Loans up to $250,000 starting at Prime +3%. These funds are available for Working Capital, Equipment, Inventory and other business needs. SBA Community Advantage Loans are available to most small businesses throughout the State of New Jersey.