$1,000,000 in Loans Available for Black Businesses in New Jersey

The Pascale Sykes Foundation has committed $1,000,000 to New Jersey Community Capital (NJCC) and the African American Chamber of Commerce of New Jersey (AACCNJ) to support Black business enterprises, which have historically faced challenges in the U.S. Through this investment in the Equitable Small Business Initiative, the contribution will help create opportunities for Black business enterprises in New Jersey seeking access to resources and support to establish, sustain, augment or expand business operations, as well as those economically impacted by the pandemic. Following Black History Month, the forming of this relationship is not only timely but symbolic. 
This contribution from The Pascale Sykes Foundation and through NJCC and the AACCNJ will allow for pandemic relief loans ranging from $10,000-$75,000 and recovery loan sizes in yet-to-be-determined amounts. 

For additional information regarding loan programming inquiries, contact:Phillip D. Woolfolk, Chief Operations Officer, African American Chamber of Commerce of New Jersey – Email: pwoolfolk@aaccnj.com | Phone: 609-610-6310