New Jersey Community Capital is providing low-interest recovery loans from $10,000-$75,000 to New Jersey-based small businesses and nonprofits throughout the state who suffered damage or who are experiencing operational challenges stemming from Tropical Storm Ida’s destruction Sept. 1.
The loans come through an expansion of the Garden State Relief Fund, which has been providing access to low-interest, small-dollar loans for small businesses and nonprofits since the onset of the COVID-19 pandemic.
Eligible applicants may use funding to support recovery efforts including, but not limited to:
- Building repairs (commercial buildings only);
- Replacement of equipment;
- Inventory replenishment;
- Rent or mortgage payments.
To learn more, click here.