The Garden State Relief Fund is meeting the long-term needs of small businesses and nonprofits impacted by the COVID-19 pandemic. We know that small businesses are the heart of our communities, and in the midst of COVID-19, many continue to encounter unexpected challenges in a rapidly changing market.
The Garden State Relief Fund offers working capital loans to small businesses and nonprofits negatively impacted by the ongoing effects of the COVID-19 pandemic.
New Jersey Community Capital has expanded its Garden State Relief Fund to actively respond to the immediate needs of small businesses and nonprofits that suffered damage from Hurricane Ida. The program will provide low-interest recovery loans from $10,000 to $75,000 to New Jersey-based small businesses and nonprofits.
Eligible applicants may use funding to support recovery efforts including but not limited to building repairs (commercial buildings only; replacement of equipment; inventory replenishment; and rent mortgage payments).
After securing a $25,000 working capital loan through New Jersey Community Capital's Garden State Relief Fund, Traci was able to attain financial security for her small business and assume operations once restrictions were lifted.
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