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Trenton Business Assistance Corporation
3111 Quakerbridege Rd. - 2 floorTrenton NJ, 08619-1634
CDFI Awards for Trenton Business Assistance Corporation
FA (2007) - $418,359
Created in 1981, Trenton Business Assistance Corporation is a certified CDFI. It offers training and counseling to new and expanding businesses. Micro-loan businesses that may not qualify for traditional sources of financing within a ten county target market in New Jersey. It will use its FY07 Technical Assistance grant to: 1) implement a statewide SBA 504; 2) redesign its marketing materials; 3) hire another loan officer; and 4) create a business technology center for its clients. It will use its FY07 Financial Assistance award to increase lending in its target market.
TA (2004) - $25,400
RBAC will use the award to obtain a consultant to develop impact measures, provide product evaluation, and develop a capitalization plan and strategy. Technical Assistance funding will effectively reposition the organization to lessen dependence on the SBA funding, which currently is greater than 40% of the organization"s revenue.
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