UNION COUNTY, NJ--The Union County Board of Chosen Freeholders reminds women business owners that they may be eligible for discounted loans offered by the Union County Economic Development Corporation.
UCEDC has been named the exclusive New Jersey lending partner for discounted loans available to women-owned businesses, through a grant from the Tory Burch Foundation Capital Program. The program is supported by Bank of America.
“With this generous grant from The Tory Burch Foundation, the pathway to success is open to more women,” said Freeholder Chairman Bruce H. Bergen. “The Freeholder Board is proud to support UCEDC and its mission of helping small businesses grows and thrive in Union County.”
“Women in Union County contribute a rich diversity of skills and talents to the Union County community,” said Freeholder Bette Jane Kowalski. “The loan program is a good opportunity to increase the entrepreneurial impact of women and foster innovation, too.”
The UCEDC loan discount for women-owned businesses is the third time that the non-profit agency has partnered with the Tory Burch Foundation on a loan initiative.
“The Tory Burch partnership has made it possible for Union County’s women entrepreneurs to achieve their vision,” said Maureen Tinan, president of UCEDC. “The Foundation’s enthusiasm and respect for self-starting women have made a real difference in our community.”
The Tory Burch grant will enable UCEDC to offer a two-point discount on loans up to $50,000 for women borrowers. The loan can be used for practically any business purpose, including paying off more expensive debt.
Prospective applicants can start with UCEDC’s online Pre-Qualification Application, or call UCEDC loan officer Mark Leichtling at 908-527-1166 for assistance.
Designer Tory Burch launched her eponymous fashion brand with one small shop in 2004. She established the Tory Burch Foundation in 2009 as a platform for giving back and supporting women entrepreneurs.
The Freeholder Board has recognized outstanding women in Union County through the long-running Women of Excellence program. In 2016, Chairman Bergen launched a new Union County Office on Women to help more residents connect with resources that enable them to reach their fullest potential at every stage of life.
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