Business & Finance

Press Releases

Union County Announces Zero-Percent Loans for Women-Owned Small Businesses

UNION COUNTY, NJ – The Union County Board of Chosen Freeholders announced a partnership with UCEDC, a nonprofit economic development corporation, to offer women business owners in Union County access to zero-percent working capital financing.

The interest elimination on loans up to $25,000 is made possible by grants from Investors Bank and the Tory Burch Foundation Capital Program, powered by Bank of America.

“We know that women-owned businesses contribute substantially to the County’s economy and have the potential to do even more,” said Freeholder Chairman Bruce H. Bergen. “With UCEDC’s help, we’ve launched this program to give hard-working women entrepreneurs the boost they need to get their businesses to the next level.”

Sign Up for E-News

The loan program, offered exclusively to women-owned businesses in Union County, offers up to $25,000 at zero-percent interest for five years with no collateral requirements.  Eligible borrowers will have been in business for at least three years, be profitable in their latest tax return, and have a personal credit score of at least 680.

“Working capital is the lifeblood of small businesses and unfortunately, women-owned businesses often come up short,” said Freeholder Vice Chairman Sergio Granados. “With the elimination of all interest payments on this loan, we’re hoping that more women entrepreneurs will now have the cash they need to grow their business.”

Women borrowers who may not qualify for the zero-percent loan program have an attractive alternative, also made possible by the Freeholders and UCEDC.  Women-owned businesses are eligible for a two-percentage point discount on their interest rate for loans up to $50,000.  This program is available to start-up and established businesses.

“No matter what stage your business is in, even it’s still just an idea that you’re considering, we encourage you to contact UCEDC for more information about the unique financing options we’ve established to support small business growth,” said Chairman Bergen.

To learn more about UCEDC’s loan programs for small businesses, visit the website at www.ucedc.com or call 908-527-1166.

TAP Into Another Town's News:

You May Also Be Interested In

Sign Up for E-News

Elizabeth

Upcoming Events

Carousel_image_ec9ad415c9b3583a6b65_spring_umbrella_rain_blood_drop

Sun, May 20, 12:30 PM

Church of Christ, Elizabeth

Elizabeth Community Blood Drive

Giving Back Health & Wellness

Mon, June 4, 2:00 PM

Elizabeth Public Library, Elizabeth

Elizabeth Public Library Book Sale

Arts & Entertainment Giving Back

Tue, June 5, 2:00 PM

Elizabeth Public Library, Elizabeth

Elizabeth Public Library Book Sale

Arts & Entertainment Giving Back

Goethals Bridge to New Jersey to be Closed Friday Night through Sunday

May 16, 2018

ELIZABETH, NJ - The Goethals Bridge to New Jersey will be closed to all traffic beginning 9 p.m. Friday, May 18 until 9 p.m. Sunday, May 20. 

The Eastbound to NY will remain open. Officials said the closure is necessary to construct the entry and exit ramps for the new westbound span.

At 9 p.m. Sunday night, the westbound span is expected to open in its final configuration, three ...

The 15th Annual Tour de Elizabeth Comes to Elizabeth this Sunday

ELIZABETH, NJ - Cyclists of every skill level are readying their bicycles in anticipation as the 15th annual Tour de Elizabeth that will roll through the city.\ this coming Sunday. 

This year’s ride, which is titled “Destination Elizabeth,” will begin and end at City Hall, is a family-friendly, 15-mile recreational tour of the City of Elizabeth’s historic ...

Elizabeth Receives $125k Infrastructure Grant from Union County

May 7, 2018

ELIZABETH, NJ – The City of Elizabeth will receive $125,000 through the Union County Board of Chosen Freeholders’ fourth annual Union County Infrastructure grant.

The annual grant is dedicated to funding projects aimed towards economic development growth and improvements to roads, facilities and more. Approximately $1.5 million in grant funding was awarded throughout Union County ...

Video Shows School Board Member In Altercation With Police at Traffic Stop in South Orange

May 17, 2018

SOUTH ORANGE, NJ - South Orange Maplewood School Board Member Stephanie Lawson-Muhammad got into an altercation with a South Orange police officer who stopped her for speeding last month, in which she used profanity, complained when she was issued a ticket and called South Orange Police Chief Kyle Kroll “a skinhead cop.”

Lawson-Muhammad also appeared to suggest that she would ...

TAPinto Featured Franchisee: Steve Lenox of TAPinto Paterson

This week's feature will focus on TAPinto Paterson's franchisee, Steve Lenox. Find out how the current owner of a public affairs firm went from a former State Director for Senator Frank Lautenberg to a proud TAPinto franchisee for New Jersey's third largest city.

 

Q. When did you join TAPinto.net?

I joined TAPinto.net in September, ...

'To Kill a Mockingbird' Sustains Timeless Appeal

SUMMIT, NJ – The Summit Playhouse provides a stellar production of a much loved classic, “To Kill a Mockingbird.”

The Harper Lee novel, later a Gregory Peck film and now a stage production, retains all the warmth, intensity and integrity that made it such an appealing hit in the 1960s. And there will be a new production on Broadway in December with a script by Aaron Sorkin ...

'The Sting' with Harry Connick Jr. Slithers and Shakes at Paper Mill

MILLBURN, NJ – In a premiere production of “The Sting,” Harry Connick Jr. commands the Paper Mill Playhouse stage.

Based on the sensational Paul Newman/Robert Redford film in 1973, the 1930s plot centers on a con game and gambling, sometimes on a train between New York and Chicago.  Scott Joplin’s music is intertwined with the show, especially “The ...

Sample Ballots Now Available on Union County Clerk Elections Website and App

May 17, 2018

Union County Clerk Joanne Rajoppi announces that sample ballots for the June 5 Primary Election are now available on the Union County Votes mobile app for Apple and Android devices, and on the County Clerk’s election website at unioncountyvotes.com.

“The mobile app and website enable voters to see their sample ballots quickly and conveniently on their computers, laptops and other ...