SBA COMMUNITY ADVANTAGE
Quite often, traditional sources of financing are unavailable to small business owners who are just starting out. But through our SBA Community advantage and SBA Micro loan program, we can offer business loans up to $250,000 that mature in 25 years or less, with an interest rate starting at prime plus 3%. 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.
- Up to $250,000.
- To be used for inventory, equipment, working capital etc.
- Existing as well as start up businesses are eligible.
- Must be a New Jersey business.
- Rates start at prime plus 3%.
- Terms of up to 25 years.
- No prepayment penalty.