At a glance
From its website, read 3 Nov 2026Ripple Effect Entrepreneurs Fund is a loan fund based in Lakewood, New Jersey. Its website describes small-business loans. Where it lends: New Jersey entrepreneurs (NJ).
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Main | (732) 905-2400 source |
|---|---|
| Website | www.njreef.org |
| Office (official list) | 1750 Cedarbridge Avenue Suite 3, Lakewood, NJ 08701 |
What their website says about applying
Every client first meets with our advisors for a comprehensive consultation.
sourceWhether you’re looking to partner with us, need advice, funding or job placement, get in touch.
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 13 Jul 2025 |
| RSSD ID | — (none listed) |
| Address | 1750 Cedarbridge Avenue Suite 3, Lakewood, NJ 08701 Directions (Google Maps) |
| Website | www.njreef.org |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 3 Nov 2026Read from 4 pages of the lender's website on 3 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: medium. Loan amounts are not stated on the pages fetched, and no dedicated loan product page was found. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Small-business loans | — | Small business loans and connections to partner banks and loan programs. | source |
Loan sizes
No amounts stated on the pages we read.
Service area
New Jersey entrepreneurs (NJ)
25+ Years Supporting NJ Entrepreneurs
source
Statewide: New Jersey
Borrower focus
- Low- and moderate-income / underserved
REEF serves entrepreneurs in low- to moderate-income communities, women entrepreneurs, and those who face barriers to success.
source - Women
REEF serves entrepreneurs in low- to moderate-income communities, women entrepreneurs, and those who face barriers to success.
source
Languages
- No non-English service found on the pages we read.
Online application
No online application link found on the pages we read.
Questions to ask when you contact them
Based on what their website said when we read it on 3 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- What are the smallest and the largest loans you make?
No loan amounts are stated on their website. - What interest rate and fees should I expect on your small-business loans?
Their website does not state a rate for this. - Do you need collateral, a business plan or a minimum time in business?
Their website does not say what they require. - How long can I take to repay?
No repayment terms are stated on their website. - Can I apply online, or do I need to call or visit?
We found no online application on their website. - Do you offer free coaching or help preparing my application?
CDFI certification requires development services, such as training or advice, alongside lending. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$1.7 million in 3 awards from the U.S. Treasury's CDFI Fund, 2021–2024 (CDFI Equitable Recovery Program; CDFI Program, Financial Assistance; CDFI Rapid Response Program).
| Round year | Program | Amount |
|---|---|---|
| 2024 | CDFI Program, Financial Assistance | $550,000 |
| 2022 | CDFI Equitable Recovery Program | $500,000 |
| 2021 | CDFI Rapid Response Program | $683,000 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Size of the fund (IRS Form 990)
Fiscal year ending Dec 2023| Total assets | $3.3M |
|---|---|
| Total liabilities | $750,000 |
| Net assets | $2.5M |
| Total revenue | $755,000 |
| Notes and loans receivable, net (Part X line 7) | $2.9M |
End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending December 2023 (tax year 2023; EIN 83-1688000, filed as “RIPPLE EFFECT ENTREPRENEURS FUND INC”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2024). Figures are self-reported to the IRS, not audited by us, and lag one to two years behind today. The lender’s own annual report may show newer numbers. This organisation’s filings on ProPublica Nonprofit Explorer
Filings over time
| Fiscal year ending | Total assets | Net assets | Revenue | Notes and loans receivable |
|---|---|---|---|---|
| Dec 2021 (990) | $1.3M | $1.3M | $704,400 | — |
| Dec 2022 (990) | $2M | $2M | $729,000 | — |
| Dec 2023 (990) | $3.3M | $2.5M | $755,000 | $2.9M |
Total assets grew 149% from Dec 2021 to Dec 2023. One row per fiscal year in the IRS extracts of returns processed in 2022, 2023, 2024; “—” = the line was empty or zero on that return (a fund can book its loans on other lines).
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Total assets, latest IRS Form 990 | $3.3M | Larger than 0% of the 5 other certified loan funds and venture funds in New Jersey with a matched Form 990 (median $26.2M). |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Form 990 total assets | certified loan and venture funds with a Form 990, in New Jersey | 5 | larger than 0% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered. Peer groups and sources: methodology. Form 990 figures: IRS annual extracts (see the Form 990 section).
Other certified CDFIs in Lakewood and New Jersey
- 1ST Bergen Federal Credit UnionCredit union · Hackensack, NJAuto / vehicle loans, Credit-builder loans, Microloans, Personal / consumer loans…Verified
- Cooperative Business Assistance Corp, TheLoan fund · Camden, NJMicroloans, Small-business loansVerified
- Cumberland Empowerment Zone CorporationLoan fund · Millville, NJMicroloans, Small-business loansVerified
- Eastern American Economic Development CorporationLoan fund · Palisades Park, NJCommercial real estate loans, Microloans, Home mortgages, SBA-backed loans (7(a)/504/Community Advantage)…Verified
- Entertainment Industries FCUCredit union · Elizabeth, NJAuto / vehicle loans, Home mortgagesVerified
- Financial Resources Federal Credit UnionCredit union · Branchburg, NJAuto / vehicle loans, Home repair / improvement loans, Personal / consumer loansVerified
Work at Ripple Effect Entrepreneurs Fund? Link to this page
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