Atlantic City Electric is monitoring a coastal storm that is expected to bring severe weather to our area this weekend. Strong winds and heavy rainfall may bring down trees and damage equipment, resulting in power outages for our customers. We are prepared for this event and have enhanced our staffing resources to best respond. Safety is our top priority. We urge customers to stay away from downed wires and other equipment. To report a downed wire, call 800-833-7476. Report and track outages through our mobile app or website at atlanticcityelectric.com/StormPrep.
Your business can qualify for incentives through ACE Energy Wise Rewards. Financial incentives are available for the installation of higher efficiency equipment, new construction, small businesses and multi-family properties. Commercial, industrial, government, institutional and non-profit customers can all take advantage of these customized incentive programs. To explore the options and discover how your business can begin to save, visit Ways to Save for Your Business.
The U.S. Small Business Administration offers a variety of loan programs to eligible small businesses that cannot borrow on reasonable terms from conventional lenders in the amount needed without government help. Most of the SBA's business loans are made by private lenders and then guaranteed by the agency. While it may not necessarily be easier to be approved for an SBA guaranteed loan, the guarantee will allow you to obtain a loan with a longer maturity at better repayment terms and interest rates, thereby reducing your monthly payments.
Contact your local economic development organization for further resources and for application assistance. They can be instrumental in facilitating communications with local taxing authorities, and they can help design loan packages that incorporate State and Federal programs with private financing.
