GNEC Is Doing A New Thing!

GNEC Is Doing A New Thing!

Greater Newark Enterprises Corporation (GNEC) has served over 3,500 entrepreneurs and connected them to over $7M dollars and approximately 2000 hours of technical assistance.  As we reflected on 2018 and entered 2019, recognizing the ability to support businesses at different stages at market rate, became very evident. As such, introducing a fee for service structure affords us the ability to continue to subsidize services so that we can continue to work with the individuals who need our services but may be unable to afford it.

GNEC is dedicated to small business lending, owners assess their financial needs and access capital when traditional sources may not be available.  Simply put, our renewed business approach cements confidence in the philosophy that Capital Assistance and Capital Access equals Capital Growth

Our new digital platform helps us to capture data that speaks to questions regarding the number of qualified capital customers, referrals and business inquiries that flood our portal.  GNEC intends to significantly reconfigure its loan fund to provide a broader set of demand-driven products and services for clients in the marketplace such as credit builder, business starter and larger business and community facility loans. We are so very excited and can’t wait to help you expand your footprint!

Frequestly Asked Questions:

  • What is our value propositon?

    We are a quality not a quantity lender.  We are bilingually staffed. GNEC’s products and technical services addresses the unmet financial and technical needs of the aspiring, newly and existing entrepreneur.

  • What differentiates us?
    We care and are happy to refer you to our various partners and resources in the event we are unable to aid you in your mission. GNEC will help fill the capital gap needed by local entrepreneurs, especially M/WBEs, to successfully execute anchor institution contracts by working with qualified consultants and partners to identify, build, test, and launch the necessary financial tools, training, and risk mitigation processes.
  • When did this go into effect?

    This process took full effect by the end of February, 2019.

  • What are the cost of services?

    The cost varies, there are still complimentary services and there are services that can be subsidized on a sliding fee scale.

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