UCEDC Client Credit
Robyn's Story
UCEDC's Microloan program provides up to $35,000 loans to entrepreneurs in New Jersey to help women like Robyn grow businesses like Pickle Licious! Robyn’s success story timeline shows that clearing charge-offs in 2005 helped a little bit to build her credit. After 2007, when UCEDC began credit reporting her microloans through CBA, Robyn's score increased much more – and finally allowed her to access a prime car loan.
UCEDC’s Microloan at a Glance
Loan Amount: $500 - $35,000
Interest Rate: 9% -10.25%
Term: Up to 72 months
Target Market: Minority-owned, women-owned and child care center entrepreneurs.
Low- to moderate-income communities.
UCEDC is a non-profit economic development corporation dedicated to stimulating economic growth and creating an environment for progress by serving the New Jersey small business community. UCEDC develops opportunities for business that lead to new jobs, strong and stable business climate and an improved quality of life.
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