GREATER JAMAICA LOCAL DEVELOPMENT

GREATER JAMAICA LOCAL DEVELOPMENT GJLDC'S LOAN FUND IS FOCUSED ON SERVING BUSINESSES LOCATED WITHIN QUEENS COUNTY, NEW YORK SPECIFICALLY THOSE OPERATING IN OR PLANNING TO LOCATE WITHIN THE 114XX AND 116XX ZIP CODE AREAS. AS AN ALTERNATIVE LENDER, GJLDC IS COMMITTED TO SUPPORTING BUSINESSES THAT ARE UNABLE TO SECURE ADEQUATE FINANCING THROUGH TRADITIONAL LENDING SOURCES.ELIGIBLE APPLICANTS INCLUDE INDEPENDENTLY OWNED AND OPERATED ENTERPRISES THAT TYPICALLY MEET THE U.S. SMALL BUSINESS ADMINISTRATION (SBA) SIZE STANDARDS, BASED ON ANNUAL REVENUE AND NUMBER OF EMPLOYEES. TO QUALIFY, BUSINESSES MUST HAVE ANNUAL SALES OF LESS THAN $10 MILLION.LOAN AMOUNTS RANGE FROM $1,000 TO $300,000, AND ARE AVAILABLE TO BOTH EXISTING BUSINESSES AND START-UPS.GJLDC GIVES SPECIAL CONSIDERATION TO BUSINESSES THAT ARE OWNED BY INDIVIDUALS FROM LOW-TO-MODERATE INCOME BACKGROUNDS, AS WELL AS THOSE LOCATED IN OR ADJACENT TO LOW AND MODERATE INCOME CENSUS TRACTS AND BLOCKS.