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New Loan Programs, EDA Grants, New Staff Join Team, Take Better Smartphone Photos, and more...
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New Loan Programs Provide Easy Access to Financing
UCEDC has launched two new loan programs to provide small businesses with easy, quick and unsecured working capital.
Our
Rapid Response Loan Program offers up to $10,000 with an easy application process and an answer in two business days or less! You'll pay an affordable and fair interest rate (5.25% - 8.25%) - not the exorbitant rates that online lenders typically charge.
Our
Prime Lock Loan Program provides up to $25,000 fixed for three years at Prime, no collateral required. Interest rates are on the rise - here's your opportunity to lock in the lowest rate while enjoying a streamlined application process.
Start 2019 with the working capital you need to succeed. Get started today!
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What's New with UCEDC Clients?
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Elena Cartagena’s restaurant, Pasta Dal Cuore, made NJ.com’s list of the
“44 Best Pasta Dishes You Can Eat in New Jersey”. Elena was a student in UCEDC's Next Level Business Planning class in Jersey City.
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Talk about irony:
UCEDC loan client Edith Younger
had to fight City Hall to earn the right to move into a new development when her original location in New Brunswick was torn down to make way for it. That was 1998.
Fast forward to 2018 and her lease isn't renewed in order to make room for a restaurant expansion. But that turns out to be a blessing - after months of uncertainty, Edith found a bigger, better and bolder location in Somerset. That's her (with the scissors) and her stylist team at the grand opening.
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Say Hello to Gordon Hunziker, New UCEDC Loan Officer
The term "wealth of experience" may be an understatement when it comes to Gordon's professional career. He's spent over three decades in the commercial lending field, helping businesses of all sizes to access the financing they need to grow.
Gordon will be capitalizing on his deep bench of contacts and partners to bring UCEDC's loan products to a broader audience. He has particular expertise in working with professional firms and welcomes the opportunity to explore new relationships in that community.
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In the world of Instagram and Pinterest and dozens of other social media platforms, your business, no matter what you're selling, will be judged by the way you present yourself visually. Stock photography has its place, but often the original photo is the one that seals the deal.
We all have powerful photo technology in our hands in the form of our smartphones, but most of us don't know how to use it properly (present company included!). Some basic design/composition concepts haven't changed since the dawn of photography. Other fundamentals are specific to the digital medium.
This article from Hubspot, a marketing software producer, offers 25 great tips and tricks for producing clear, focused and interesting images. Take them to heart and you'll never take another bad photo again. The world will thank you.
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Innovative Partnerships
Much of our success is due to the cooperation and commitment we receive from our partners throughout our service area. Without the help of like-minded organizations, agencies, businesses and individuals, we wouldn't be able to bring our lending and training programs to as broad an audience as possible.
We're always looking for new partners to work with and we pride ourselves on thinking outside of the box when it comes to forging mutually beneficial relationships. Here's an example of some of the more innovative relationships we've built this year:
- NJ Re-entry Corporation (NJRC): this nonprofit helps formerly incarcerated individuals find meaningful and sustainable employment. We're participating in a monthly orientation to introduce entrepreneurship as an option.
- Elijah's Promise: this New Brunswick-based organization provides education and jobs in the food industry through its Promise Culinary School. We held an Introduction to Entrepreneurship workshop earlier this year and will launch a 6-week Entrepreneurship 101 in early 2019.
- Holly City Development Corporation: this nonprofit founded a co-working space in Millville, NJ and approached UCEDC to conduct training workshops onsite. We're planning multiple sessions throughout 2019.
- Rutgers Supplier Diversity Program: this initiative, launched by the Rutgers Procurement Department, is dedicated to encouraging more participation by women, minority and veteran-owned businesses. We hosted a major networking/educational event for its vendors so they could learn more about the procurement process and how our lending services could support their contracting efforts.
If you would like to explore how we could work together, please call us at 908-527-1166 to speak to Erich Peter, director of training or Ellen McHenry, senior director of financial programs.
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EDA Grants Available for Businesses in Growth Zones
If you're thinking about relocating your business to or improving your existing location in Atlantic City, Camden, Paterson, Trenton or Passaic, you may be eligible for a grant up to $20,000 from the NJ EDA.
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Proud to support UCEDC and its efforts on behalf of
small business
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