Questions? Call 1-800-304-1755 and speak with a VEDC lending associate.

Opportunity Knocks

Serving New York, New Jersey, and Connecticut small businesses in the Tri-State area.
Are you interested in building your company’s net worth? Are you looking to help your community?

The Tri-State Business Opportunity Fund can help you create or retain permanent jobs in your area when 75% of the jobs employ low to moderate income residents and operations take place in the low and moderate income communities.

Is my company eligible?

  •  Start up and existing businesses are eligible!
  •  Do you employ 1-200 employees?
  •  Is your company revenue up to $10 million?
  •  Do you lack other sources of financing?

What are the funds for?

  • Working Capital
  • Business Purchase
  •  Equipment
  •  Inventory
  •  Tenant Improvements
  •  Owner Occupied Commercial Real Estate
  •  Refinancing of Existing Debt

What are the terms?

  • Interest Rate: Currently rates are up to 9%
  •  Maturity: Up to 5 years
  •  Prepayment: No Pre-Payment Penalty
  •  Loan Fees: Up to 3% of the loan amount plus out of pocket closing costs
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By making $35 million in capital available to small business owners, as well as additional multi-year grant funding, UBS has made it possible for VEDC to lend nationally. The Business Opportunity Funds are part of UBS Elevating Entrepreneurs, the firm’s flagship philanthropic entrepreneurship initiative which includes a portfolio of partnerships and programs committed to bringing the right resources, to the right entrepreneurs, to help spur economic growth.

UBS shares VEDC’s belief in the importance of small businesses, who have long served as the backbone of the American economy, and is committed to delivering the firm’s resources, both financial and intellectual, to enable them to grow their companies, create jobs and contribute to their local economies.

City National Bank of New Jersey strives to make a social difference through urban development initiatives that help build thriving economies and increase the values of their communities.

Through the partnership of VEDC City National Bank of New Jersey, both organizations will build upon their shared mission and expand their access to capital to small business owners in New Jersey and New York.

City National Bank of New Jersey Small Business Lending powered by VEDC is making a difference in your community.

Upcoming Events

Register for free workshops and networking events in New York and the Tri-State area.
Thu 30

Successfully Open a Restaurant: Part 1 (Pacoima)

Nov 30 | 5:00 pm - 7:00 pm PST
13420 Van Nuys Blvd. Suite 121 Suite 121
Pacoima CA
Dec 05

Tax Tips For Small Business: Pacoima

Dec 5 | 5:00 pm - 7:00 pm PST
13420 Van Nuys Blvd. Suite 121 Suite 121 Suite 121
Pacoima CA
Dec 07

Successfully Open a Restaurant: Part 2

Dec 7 | 5:00 pm - 7:00 pm PST
13420 Van Nuys Blvd. Suite 121 Suite 121 Suite 121 Suite 121
Pacoima CA

News & Updates

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