GNEC Loan Programs

DreamMaker Loan Program

If you require up to a $30,000 loan for your business, then the GNEC DreamMaker Loan can be the right option for you. Borrow between $1,000 to $30,000 without a collateral pledge (case-by-case).

  • Final decision is determined by our internal credit committee.
  • Borrowers with ITIN numbers are acceptable.
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For loans above $30k see our Business Builder Loan Program.

All loans are underwritten using a stress test rate of 10.99% to determine qualification. Upon review we will determine the best funding source for your situation.

Please be advised that due to the high volume of loan clients in our portfolio within the cosmetology, transportation, and food industries, we regret to inform you that we are temporarily limiting loan applications for businesses in these categories. We apologize for any inconvenience this may cause and encourage you to explore our technical assistance to support your business.

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GNEC Funding Sources:

Click the tools to the right to see which fund best fits your business.

GNEC Opportunity Zone Fund

Opportunity Zone Fund

This fund provides 5.99% FIXED-RATE for businesses located in NJ Opportunity Zones

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Entrepreneurs of Color Fund

Minority Entrepreneurs Fund

This fund provides 5.99% FIXED-RATE for Minority Entrepreneurs.

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Women Entrepreneur Fund

Women Entrepreneur Fund

This funding source provides 5.99% FIXED-RATE for e for businesses owned 51% or more by women.

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GNEC Green Fund

GNEC Green Fund

This funding source is provided for business who are making “green energy” improvements.

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GNEC Pride Fund Image

GNEC Pride Fund

This funding source is provided for members of the LBGTQ+ community. 

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GNEC Trade Fund

This funding source is provided for business owners in the various trade fields.

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