How to Apply

The Profeta Urban Investment Foundation welcomes proposals from minorities who want to start or expand a business in Newark. Our priorities include: reasonable monthly business revenue and expense forecast for the next 3 years, the appropriate experience to run a business, detailed outline of how you plan to use the funds we loan to you, competitive analysis and a solid marketing plan to grow your business. We are interested in supporting businesses in Newark only. Please be aware that while we don’t charge interest on the loan, we will approve a loan only if we believe the business can support the expenses.

You can download a pdf of our Due Diligence & Procedures Document by clicking HERE.

Please submit your proposals to info@profetafoundation.org or mail it to our office. If you have questions, please call 973-325-1300. Once we receive your proposal, we will notify you that the proposal has been received by the Foundation. Within the following few weeks, you will be contacted with additional questions, if needed. Our timeline for approval will vary depending on the individual situations.

Mail your proposal to:
The Profeta Urban Investment Foundation
105 Eisenhower Parkway
Roseland, New Jersey 07068