GNEC Green Fund

GNEC now offers the Green Fund Program for businesses located in New Jersey. The Green Fund Program offers interest rates on loans funded by this program at 5.99%.

Companies must be:

• New or established anywhere in NJ
• Less than $1.5 million in revenue (based on last tax return)
• Making “green energy” improvements to their business. It could be to help finalize the build or complete the purchase of an EV (electric vehicle). It could be to replace heating, electrical, etc. units to more efficient “green” units. The key qualification would be an environmental impact consideration.

Underwriters will have final discretion as to what can be considered an environmental improvement for the business. 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.