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N.J. Fund Offers Loans to Black-owned Firms Impacted by COVID-19

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Like countless small businesses across the country, N&R Divine Cleaning Service in Hackensack saw its client base dry up when the COVID-19 pandemic struck last year. Offices, schools, and fitness centers were all forced to close for a few months and no longer needed professional cleaners.
“It was not a good feeling,” said owner Nadine Brown, who had to use her savings to pay bills and buy groceries.
Brown, who was out of work for three or four months, said she applied for loans to support her business but wasn’t successful. Since her one-woman firm has only been in operation for a couple of years, Brown said banks looked at her personal credit score, which was “not that great.” ....

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NJ loan program for Black-owned businesses | NJ Spotlight News

Credit: (AP Photo/Matt Rourke)
File photo: April 28, 2020, shuttered businesses along the boardwalk in Atlantic City
Like countless small businesses across the country, N&R Divine Cleaning Service in Hackensack saw its client base dry up when the coronavirus pandemic struck last year. Offices, schools, and fitness centers were all forced to close for a few months and no longer needed professional cleaners.
“It was not a good feeling,” said owner Nadine Brown, who had to use her savings to pay bills and buy groceries.
Brown, who was out of work for three or four months, said she applied for loans to support her business but wasn’t successful. Since her one-woman firm has only been in operation for a couple of years, Brown said banks looked at her personal credit score, which was “not that great.” ....

United States , New Jersey , Atlantic City , Dwayne Meyer , John Harmon , Nadine Brown , Nr Divine Cleaning Service In Hackensack , African American Chamber , Equitable Small Business Initiative , Us Department Of Commerce , Jersey Community Capital , Matt Rourke , New Jersey Community Capital , ஒன்றுபட்டது மாநிலங்களில் , புதியது ஜெர்சி , அட்லாண்டிக் நகரம் , வேன் மேயர் , ஜான் ஹார்மன் , நாடின் பழுப்பு , சமமான சிறிய வணிக முயற்சி , எங்களுக்கு துறை ஆஃப் வர்த்தகம் , ஜெர்சி சமூக மூலதனம் , மேட் ரூர்க் , புதியது ஜெர்சி சமூக மூலதனம் ,

N.J. fund offers loans to Black-owned firms affected by COVID

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A person wearing a protective face mask as a precaution against the coronavirus walks past shuttered businesses on the boardwalk in Atlantic City, N.J., Tuesday, April 28, 2020. (AP Photo/Matt Rourke)
Like countless small businesses across the country, N&R Divine Cleaning Service in Hackensack saw its client base dry up when the COVID-19 pandemic struck last year. Offices, schools, and fitness centers were all forced to close for a few months and no longer needed professional cleaners.
“It was not a good feeling,” said owner Nadine Brown, who had to use her savings to pay bills and buy groceries. ....

United States , New Jersey , Dwayne Meyer , John Harmon , Nadine Brown , Nr Divine Cleaning Service In Hackensack , African American Chamber , Equitable Small Business Initiative , Us Department Of Commerce , Jersey Community Capital , New Jersey Community Capital , ஒன்றுபட்டது மாநிலங்களில் , புதியது ஜெர்சி , வேன் மேயர் , ஜான் ஹார்மன் , நாடின் பழுப்பு , சமமான சிறிய வணிக முயற்சி , எங்களுக்கு துறை ஆஃப் வர்த்தகம் , ஜெர்சி சமூக மூலதனம் , புதியது ஜெர்சி சமூக மூலதனம் ,