Union County Economic Development Corporation

What their website says about applying

• To get started, please complete the Inquiry/Prequalification Form below. source
• Talk to one of our loan officers to learn more about the 504 program and the application process. source
• In addition to the SBA loan application form, you will be asked to complete other SBA forms, provide copies of various records, and submit supporting materials. 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.

As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.

• Collateral flexible or not always required Borrow up to $10,000, no collateral required, with a decision in two days or less! source

Only rules the lender's own pages state. Other requirements may apply.

Read from 7 pages of the lender's website on 2 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: high. No fetched page states a minimum loan amount for most products, and the 504 loan amount rules are for UCEDC's portion only. Terms change — confirm with the lender before applying.

Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.

1. How long can I take to repay?
   No repayment terms are stated on their website.
2. Do you offer free coaching or help preparing my application?
   CDFI certification requires development services, such as training or advice, alongside lending.
3. 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.

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 22-2155884, filed as “UNION COUNTY ECONOMIC DEVELOPMENT CORP”), 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

Total assets grew 12% 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).

Same loan type, nearby, lower stated rate

Certified CDFIs whose head office is within 50 miles of this one and whose own website states a starting rate at least 0.5 points lower for the same loan type. Consumer loans count only where both lenders state an APR. A starting rate is not an offer: ask each lender what you would pay, and check that it lends where you are (credit unions also require membership).

• Microloans (this lender states from 5.00%): UPPER MANHATTAN EMPOWERMENT ZONE DEVELOPMENT CORPORATION from 3.00% (21 mi, read 2 Nov 2026); Eastern American Economic Development Corporation from 3.25% (21 mi, read 2 Nov 2026)

For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered; your rate depends on the loan and on the lender's review. Peer groups and sources: methodology. Form 990 figures: IRS annual extracts (see the Form 990 section). Prime rate: FRED DPRIME. Stated rates: each lender's own website, read on the date shown.

The SBA's public loan data lists 29 SBA-backed approvals for Union County Economic Development Corporation in fiscal years 2020–2026 (October 2019 to September 2026):

• 3 7(a) loans as the lender: $470,000 in total (gross amount approved), median $120,000
• 26 504 loans as the Certified Development Company (CDC): $22.6M in total (CDC (SBA-backed) portion approved), median $492,000

By fiscal year: FY2020 3 · FY2021 8 · FY2022 7 · FY2023 7 · FY2024 1 · FY2025 2 · FY2026 1.

How this lender was matched in the SBA files: SBA CDC ID 0489409: same name, state and city (SBA lists “Union County Economic Development Corporation”); SBA lender ID 0489409: same name, state and city (SBA lists “Union County Economic Development Corporation”).

Approved is not the same as paid out: an approved loan can be reduced or never drawn. SBA lists the lender each loan is currently assigned to, which can differ after a merger or loan sale. Union County Economic Development Corporation may also make loans outside SBA programs, which are not counted here, and SBA Microloans are not in these files. For 504 projects, the CDC amount is the SBA-backed portion and the third-party lender amount is that lender's own first-lien loan.

Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data, files as of 30 Sep 2026, downloaded 3 Nov 2026. Our counts, cancelled approvals left out. How we match lenders.

Other certified CDFIs in Cranford 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

All 11 CDFIs in New Jersey