The Intersect Fund is offering disaster relief loans to New Jersey small businesses that have been affected by Hurricane Sandy. These loans are targeted at businesses that will not qualify for SBA Disaster Loans.
Apply online below or call 1-800-840-1900 to speak with an Intersect Fund loan officer.
Loan terms and amounts
| Maximum Loan Size | $15,000 |
|---|---|
| Interest Rate | 5% |
| Term | Up to 36 months Interest-only (reduced) payments for up to 6 months |
| Prepayment Penalty | None Loan can be paid off by lump sum using insurance settlement or disaster assistance payment |
| Decision Time | 3 business days after all documents are submitted |
| Application Fee | None |
Eligibility Requirements
In order to qualify, your business must be located in the State of NJ and sustained physical damage during the storm and its aftermath. Eligible uses of funds include:
- Replenishing spoiled or damaged inventory
- Making repairs to equipment and leasehold improvements (whether or not they are covered by insurance)
- Replacing awnings and signage
The minimum requirements for the loan are:
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Intersect In The News
109 Church Street
New Brunswick, NJ 08901
Phone: 800-840-1900
Fax: 800-313-0157
info@intersectfund.org
