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Paterson Restoration Corporation Business Loans
Local economic development loans for Paterson businesses and community development projects.
About this program
The Paterson Restoration Corporation is a local development entity connected to the City of Paterson that supports economic development, business financing, and revitalization activities for eligible local businesses and projects.
Eligibility
Paterson businesses and eligible development borrowers that meet PRC project, underwriting, collateral, and repayment requirements.
Requirements
- Contact Paterson Restoration Corporation or City economic development staff
- Provide business and project documentation
- Submit financial records and use-of-funds information