To provide loans to recycling businesses that collect, separate, process or convert post-consumer waste material into new products. The Recycling Tax expired December 31, 1996. Recycling businesses or industries located or locating in New Jersey. All New Jersey recycling businesses are eligible to be considered for a loan provided they are collecting, processing or converting post-consumer waste.
Interest rates are three points below prime rate at time of closing.
Ten percent applicant equity. Maximum ten year payback. Applications are reviewed by the Bureau of Recycling and Planning. There is no set deadline. Applications are reviewed as received.