BURLINGTON COUNTY DEPT. OF ECONOMIC DEVELOPMENT

Business Loan Program, COVID-19 loans for working capital up to $50,000 to sustain small businesses through the pandemic.

We have received interest from more than 120 businesses, and have executed, approved or are processing more than 20 applications.

A quick summary of our terms:

• Application fee is being waived for working capital to retain/hire employees or purchase inventory to sustain the business
• Repayment deferred until Aug. 1, 2020
• Current interest rate is 2.4375% for maximum 10 years

Attached is the application which also can be accessed through the Bridge Commission’s website https://www.bcbridges.org/COVID19-resources/

The tab See If You Qualify will allow business owners to submit a form with basic information.