top of page

The Microloan program provides loans up to $100,000 to eligible borrowers to help small businesses. Microloan provided by Eastern American CDC has certain eligibilities.


  • Personal Credit Score of 650 and under

  • Business that has less than 10 full-time employees

  • Business that has less than $1.5 million in annual revenue

  • Business that has as commercial location in New Jersey

What Can I Use It For?

  • Operating Expenses

    • Payroll

    • Inventory

    • Rent

    • Mortgage/property tax

  • Inventory

  • FF&E Purchase

* Loans cannot be used for restructuring existing debt or financing, any construction, reconstruction, demolition, alteration, repair work, maintenance work, or construction related to installation of equipment where such activity exceeds $1,999.99


Microloan Fact Sheet

Download the microloan fact sheet to learn more about what a microloan is and how it could benefit you!

Microloan Full Application Package

Download the microloan application package to apply. This application is to get to know more about you and your business.

Microloan Opportunity Zones

Download and see the opportunity zone areas for the microloan.

bottom of page