The City of Trenton’s Industrial Commission administers the Revolving Loan Program which is intended to stimulate economic growth in the City. This is accomplished by assisting with the retention and growth of the existing industrial and commercial base, providing needed equity to new startup businesses, creating job opportunities for low to moderate income persons, encouraging the development of minority and female owned businesses, and providing an incentive for established businesses to relocate to the City of Trenton.
Program loans are available to eligible applicants for the following purposes:
- Land or building acquisition
- Building renovation and/or expansion
- Site improvements
- Working Capital (Inventory and direct costs only; no more than 20% of loan amount)
- Purchase of permanent fixtures and equipment