EDA Revolving Loan Fund (RLF) Program

The EDA Revolving Loan Fund provides low-interest financing to support business growth, expansion, and job creation in Jersey City. Through this program, eligible businesses can access capital to invest in equipment, facilities, and operational improvements.

Apply for financing

Contact JCEDC

Program Overview

The Revolving Loan Fund (RLF) is designed to support small and growing businesses by providing affordable financing options that may not be available through traditional lenders. The program helps businesses expand operations, invest in new equipment, and create jobs in Jersey City.

Loan Highlights

Loan Amount

Up to $25,000

Loan Term

Up to 6 years

Interest Rate

4.5%

Eligible Uses of Funds

How RLF financing can support your business.

Equipment Purchases

Financing for machinery, equipment, and technology needed to operate or expand a business.

Working Capital

Support for payroll, inventory, rent, and other operational expenses.

Facility Improvement

Renovations and leasehold improvements that enhance business operations

Business Expansion or Relocation

Financing to help businesses grow or relocate within Jersey City.

Eligibility Requirements

Businesses located in Jersey City

Minimum credit score of 600

Collateral required including personal guarantee

Funds must be used for eligible business purposes

Non-profit organizations are not eligible

Apply for financing

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Loan Payment Options

Loan payments may be made online or mailed to the JCEDC office.

Mailing Address

JCEDC
PO Box 8073
Jersey City, NJ

When paying online, please note that PayPal processing fees may apply. If you choose to pay online, adjust your payment amount to include any applicable processing fees so that your full scheduled loan payment is received by JCEDC.