Fund Disburses More than $46k to Perth Amboy Businesses

Comments (9) Posted By Joe on February 5, 2013 in About Us

In the past 11 months, the Intersect Fund has received 75 applications from Perth Amboy businesses and has disbursed more than $46,000 over 19 loans.

Here’s a breakdown of the types of loans we disbursed:

  • Eight credit-builder loans
  • Five disaster-relief loans
  • Six expansion loans

The Perth Amboy-based Jewish Renaissance Foundation helped ensure the Intersect Fund could expand its work in Perth Amboy, a city with a high concentration of entrepreneurs and one that Superstorm Sandy hit especially hard. The pins on the map at right represent locations of businesses that applied for loans; the blue pins represent disaster-relief loan applications.

The loans went to businesses such as grocery stores, restaurants, clothing stores, and more. Although the Intersect Fund is based in New Brunswick, we send our coaches and loan officers out to cities and towns throughout New Jersey. And with more than 700,000 microbusinesses in the Garden State, we’ve got our work cut out for us.

Landmark Loan Rebuilds Storm-Ravaged Restaurant

Comments (7) Posted By Rohan on January 11, 2013 in About Us, Entrepreneur Directory

Juan came to us after his restaurant, just a block from the bay in Keyport, NJ, was irreparably damaged by flooding from Hurricane Sandy.

With his livelihood gone in the blink of an eye, Juan found a new restaurant space with a willing landlord and turned to The Intersect Fund for a $6,000 loan to acquire the equipment needed to get his new restaurant, La Casa del Mariachi in Perth Amboy, NJ, up and running. We disbursed the loan — our 200th — within days.

We are inspired by Juan’s story, along with those of so many New Jersey microbusiness owners that are bouncing back after Superstorm Sandy.

Chamber Honors Loan Officer

Comments (6) Posted By Rohan on December 17, 2012 in About Us, Meet the Staff

An article from a December 2012 issue of newspaper Quisqueya Internacional

We have always suspected our senior loan officer — Luis De La Hoz — is passionate about helping small businesses. So it’s nice to see someone else confirm our hunch.

During its annual convention at Rutgers University last week, the Statewide Hispanic Chamber of Commerce of New Jersey named De La Hoz “Small Business Advocate of the Year.” De La Hoz accepted the honor during a luncheon attended by Newark Mayor Cory Booker, SHCC chairman Carlos Medina, and members of the chamber’s board.

De La Hoz’s commitment to serving small-business owners has helped the Intersect Fund further its mission and has helped our clients pursue their dreams. We would like to congratulate him on achieving his most recent honor.

A Different Way of Lending Money

Comments (9) Posted By Joe on November 21, 2012 in About Us

Photo by Luis De La Hoz

When small-business owners think about applying for loans, they often picture an intimidating scene: a loan officer grimacing from across a polished desk, skeptically poring over documents.

At the Intersect Fund, we do it a little differently: instead of insisting applicants trek down to our offices to submit their documents, we come to them.


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