Quite often, traditional sources of financing are unavailable to small business owners who are just starting out. But through our SBA Micro loan program, we can offer business loans up to $50,000 that mature in 5 years or less, with an interest rate starting at 6%. In addition to accessing much needed capital, RBAC clients also benefit from our business mentoring program which offers entrepreneurs an experienced helping hand on a wide variety of issues vital to their success.
- Loans up to $50,000.
- To be used for inventory, equipment, working capital etc.
- Existing as well as start up businesses are eligible.
- Must be a New Jersey business.
- Interest rate starts at 6% fixed at closing for the life of the loan.
- Terms of up to 6 years.
- No prepayment penalty.
- $30 application fee.