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Union County Economic Developm

Cranford, NJ 7016

SBA Certified Development Company
78
Loans Approved
$63.4M
Total Volume
$812K
Avg Loan Size
1
States Served

States Served

New Jersey

Top Industries Financed

  • Child Day Care Services
  • Full-Service Restaurants
  • Breweries
  • Other Miscellaneous Nondurable Goods Merchant Wholesalers
  • Offices of Dentists

Quick Summary

Union County Economic Developm is an SBA-certified Certified Development Company (CDC) headquartered in Cranford, New Jersey. Since 2010, they have approved 78 SBA 504 loans totaling $63.4M, with an average loan size of $812K. They primarily serve New Jersey businesses.

About Union County Economic Developm

Union County Economic Developm is an SBA-certified Certified Development Company (CDC) headquartered in Cranford, New Jersey. Since 2010, they have approved 78 SBA 504 loans totaling $63.4M, with an average loan size of $812K. They primarily serve businesses in New Jersey.

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Frequently Asked Questions

What does Union County Economic Developm do?

Union County Economic Developm is an SBA-certified Certified Development Company (CDC) based in Cranford, New Jersey. CDCs partner with banks to deliver SBA 504 loans — a long-term, fixed-rate financing program for commercial real estate and equipment. Union County Economic Developm handles the SBA-backed 40% portion of the financing structure.

How many SBA 504 loans has Union County Economic Developm approved?

According to SBA FOIA public records, Union County Economic Developm has approved 78 SBA 504 loans totaling $63.4M since 2010. Their average loan size is $812K.

What states does Union County Economic Developm serve?

Union County Economic Developm primarily serves businesses in New Jersey.

How do I apply for an SBA 504 loan through Union County Economic Developm?

To apply for an SBA 504 loan through Union County Economic Developm, contact them using the form on this page. You'll also need to work with a participating bank for the 50% bank portion. Before applying, prepare 3 years of business tax returns, personal financial statements, a business plan, and details about the property or equipment you're financing. Most 504 loans require 2+ years in business and a FICO SBSS score of 155+.

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