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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.
Other Community Development Financial Institutions in New Jersey
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Featured Government Grant Resources
Small Business Administration's Loan Guarantees Program
The Small Business Administration has established the Loan Guarantees Program wherein they aim to be able to provide guaranteed loans to small business establishments which are not capable of acquiring financing from a private credit marketplace but greatly manifests the ability to repay funds in a timely manner.
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Did you know that it is possible for you to receive free or low cost consulting for your small business? If it sounds too good to be true, rest assured it is actually possible. Not only does it make sense economically, but you would be receiving advice from professionals who have extensive business experience.
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