We offer transparent, competitive interest rates, low fees, and customized technical assistance to support your success. Are you a small business in South Jersey or Philadelphia needing capital to start or grow your business? Have you struggled with getting financing through traditional sources? Are the interest rates for the financing that you qualify for too high? If you answered yes to any of t
hese questions, then you might want to check out CBAC ( ). CBAC is a Camden, NJ-based, non-profit charitable organization and mission-driven lender. We are a certified Community Development Financial Institution (CDFI), U.S. Small Business Administration (SBA) Microloan Intermediary, USDA Rural Development Lender, and NJEDA Participating Lender. CBAC is here to help your business be more competitive by working with you to get the funding you need. We can help you through the application process, throughout the life of your loan, and even after you have paid off the loan if you need us. CBAC's professional staff works one-on-one with you to tailor your financing package, whether it is a direct loan with us, or if we work with a partner lender to meet your business needs. We also blend the resources and experience of our partners with our programs and services to provide your business with customized coaching, training, and technical assistance. Established in 1987, we have been the #1 SBA Microloan lender in NJ for 19 of the past 22 years, and we consistently rank in the top ten microlenders in the United States - we were ranked number one in loan dollar volume in 2015. CBAC is also one of the top-performing USDA Rural Development Microloan lenders in the nation. CBAC offers loans to small businesses ranging from $1,000 to $250,000 through a number of loan programs and partnerships. We also leverage our financing with loans and equity investments from the private sector. Our partners include Bank of America, Citizens Bank, Colonial Bank FSB, First National Bank of Elmer, Fulton Bank, Newfield Bank, Ocean First Bank (formerly Sun National Bank), Santander Bank, Susquehanna Bank, TD Bank, The Bank, and Wells Fargo Bank N.A. to name a few. In the past three years (June 30, 2017), CBAC made over $8.9 million in loans in the South Jersey & Philadelphia (38 of those loans totaling $1.3 million were to businesses in Camden alone). The businesses, in turn, used their loans to create and retain 3,487 jobs, develop or rehabilitate 536,110 square feet of commercial real estate, and obtain $28,607,005 in leveraged, private financing from partner lenders. CBAC staff also provided business development, financial education, coaching, and technical assistance to over 2,000 small business owners on topics ranging from developing a business plan and cash flow projections to operations and marketing. To learn more about our loan product options please visit our new website at www.cbaclenders.com or call us at 856-966-8181!
