Mercer County Executive Brian M. Hughes announced the second round of COVID-19 crisis business loans offered by the UCEDC. Mercer County, which has an ongoing partnership with the UCEDC on a variety of different lending packages, is now promoting the second round of the Crisis Loan. Small businesses can apply to borrow up to $15,000 in funding at 0% for up to five years with no collateral requirements to meet their COVID-19 crisis needs.

The Crisis Relief Loan Program is designed to provide broad access to much-needed working capital. The program features a quick turnaround (after completing the application requirements), no collateral requirements, no pre-payment penalties, and no processing or application fees.

Eligibility requirements include:

  • Businesses operating at least two years and with a credit score of 660 and up are eligible to apply for up to $15,000.
  • Businesses operating prior to March 21, 2020 but less than two years, or with a credit score between 630 and 659, are eligible to apply for up to $10,000.
  • No loan or credit card charge-offs within three years.

The UCEDC has also outlined application requirements that include a personal guarantee of all owners with more than 10 percent ownership interest.

To learn more about this opportunity, contact Liz Williams, Vice President of Lending, at or visit the UCEDC website for further details. 

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