The UCEDC loan discount for women-owned businesses is the third time that the non-profit agency has partnered with the Tory Burch Foundation on a loan initiative.
The Tory Burch grant will enable UCEDC to offer a two-point discount on loans up to $50,000 for women borrowers. The loan can be used for practically any business purpose, including paying off more expensive debt.
“The Tory Burch partnership has made it possible for Union County’s women entrepreneurs to achieve their vision,” said Maureen Tinan, president of UCEDC. “The Foundation’s enthusiasm and respect for self-starting women have made a real difference in our community.”
Prospective applicants can start with UCEDC’s online Pre-Qualification Application, or call UCEDC loan officer Mark Leichtling at 908-527-1166 for assistance.
Designer Tory Burch launched her eponymous fashion brand with one small shop in 2004. She established the Tory Burch Foundation in 2009 as a platform for giving back and supporting women entrepreneurs.
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