Is my business eligible for the Trenton Small Business Emergency Relief Fund?

Loan Requirements:

  • Businesses in the Urban Enterprise Zone must be qualified Trenton Urban Enterprise Zone participants for the full term of the loan. To do this, businesses must be in the UEZ and be up‐to‐date with State taxes.
  • Business must have a current City Business License or applicable New Jersey Business Registration.
  • Business must have been open and operating on March 1, 2020.
  • If the applicant is also the property owner, property taxes and water must be current as of March 1, 2020.
  • All owners with at least 20% ownership in the business must submit their most recent business and personal tax return, provide a personal guarantee, complete Personal Financial Statement SBA Form 413 and submit to a credit check. The primary owner’s score must be at least 625.
  • The business must demonstrate need for the loan and must provide a detailed description of how the money will be spent. Eligible uses include payroll, rent, business property mortgage or utilities. Use of the loan for city, state or federal taxes, permits, fees or personal expenses is not allowed.
  • The mayor, department directors, city council and staff of the Department of Economic Development, as well as their immediate families, are not eligible.
  • Non‐profits are not eligible.
  • The City of Trenton may change or clarify elements of these requirements and this loan program as necessary.

Show All Answers

1. What is the Trenton Small Business Emergency Relief Fund?
2. I have heard that businesses need to be in a certain zone to qualify. Is this true?
3. Where is the Urban Enterprise Zone? How do I know if I am in it?
4. Is my business eligible for the Trenton Small Business Emergency Relief Fund?
5. What are the terms of the loan?