Also be aware of your personal credit and make an effort to rectify past problems. The TBAC aims at revitalizing communities by creating viable businesses and greater self-sufficiency. Top Of Page Loans to 150,000 Mercer County Loan Consortium Program. The banks serve as a referral service, and applicants use Herb Spiegel 's The Biz Planner to apply. Loans cannot be used to refinance existing debt, to pay franchise fees or to buy real estate.
Loans are payable in five years.
Businesses that qualify for conventional financing can apply for loans under the SBAExpress Program. The SBA guarantees up to 50 percent. Business start-ups are no problem. We make loans to emerging and existing businesses that are committed to create employment for low income citizens and develop skill-sets as a means for livelihood. Eligible companies will be located in New Jersey or be willing to move here and stay five years.