Financing Opportunity: The Equitable Small Business Initiative

SOURCE: www.NewJerseyCommunityCapital.org

Expanding financial relief and long-term investment for Black and minority-owned small business enterprises.

The Equitable Small Business Initiative by New Jersey Community Capital and the African American Chamber of Commerce of New Jersey brings capital to small business enterprises in New Jersey, focusing on support for Black and minority-owned small businesses most affected by the COVID-19 pandemic. Eligible and interested small business owners can apply for a loan starting April 1, 2021.

Securing Access to Equitable Capital

Black-owned small businesses have faced historical challenges in securing access to capital, contributing significantly to limited financial health, startup capital, and access to credit and profitability. The economic downturn of the COVID-19 pandemic has further exacerbated these financial challenges. The Equitable Small Business Initiative builds on the long-standing commitment of NJCC and the AACCNJ to help address systemic inequities and support the needs of underrepresented communities. The program will to provide a holistic set of resources to help address the immediate financial needs of small businesses, including high-touch and individualized technical assistance, capacity building and administrative support.

The initiative is supported by investments from the Pascale Sykes Foundation, the New Jersey Pandemic Relief Fund, and the Robert Wood Johnson Foundation.

Eligible and interested small business owners can apply for a loan starting April 1, 2021. Please check back for more information or contact us below.

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https://www.newjerseycommunitycapital.org/equitable-small-business-initiative/