Emergency Loan

Collaborative Support Programs and Community Enterprises Corporation Emergency Loan Program will assist Financial Services participants with short-term financial emergencies and/or unanticipated expenses. The loan fund will make loans with no interest charged to the borrower with the development of a financial and savings plan that will ensure repayment of the loan and establish financial security for the borrower by beginning or continuing to save towards a goal.

Eligibility Requirements: 

• In order to be eligible for the Emergency Loan Program, applicants must be part of or willing to become part of the Financial Services Program by maintaining a Savings account or opening a Money Management account.
• The Applicant has to be a non-employee mental health consumer member of the CSP-NJ or CEC community.
• The reason of the loan should be to prevent lose of housing and/or employment, and for extreme medical reasons.

Loan Cap Amount: 

• Participants of the Savings Club and Individual Development Account programs will be allowed to borrow up to the amount invested in their account.
• Non-saving program participants will qualify for a loan up to $500.00 unless the reason of the loan is for a housing security deposit.