Century Savings Bank

This is a financial institution that offers SBA loan programs designed to help small businesses access capital for growth, expansion, or operational needs. You can find personalized support, expert guidance, and a range of financing options tailored to your business goals.

It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins may be accommodated depending on availability. Calling ahead can help streamline the process.

Typically, the bank operates Monday through Friday from 9:00 AM to 5:00 PM, but hours may vary by location. It's best to contact the branch directly for specific hours.

There are no fees for initial consultations; however, loan processing and application fees may apply depending on the loan type and amount. These fees are disclosed upfront during the application process.

This lender primarily serves small business owners across the country, regardless of residency, as long as the business meets their lending criteria and SBA program requirements.

A minimum personal credit score of around 640 is generally preferred, but higher scores can improve the likelihood of approval and better loan terms.

The underwriting process typically takes between 30 to 60 days, depending on the complexity of the loan and completeness of the application.

Most banks keep weekday business hours and are closed on weekends, and Century Savings Bank typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Century Savings Bank to confirm current weekend availability before you go.

Century Savings Bank is located in New Jersey — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for Century Savings Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Century Savings Bank itself, which runs its own lending under its own ownership. If you work at Century Savings Bank, you can claim this listing from this page to manage it.

The core details for Century Savings Bank — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Century Savings Bank before applying. If you represent Century Savings Bank, claim this listing to keep its information up to date.

You can reach Century Savings Bank by phone at (856) 691-9600 or online at centurysb.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Century Savings Bank before relying on them.

Like most SBA lenders, Century Savings Bank can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each bank sets its own industry preferences and may avoid sectors it considers higher risk. Ask Century Savings Bank directly which industries it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Century Savings Bank participates in SBA Express depends on its specific SBA lending authority. Contact Century Savings Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Century Savings Bank can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Century Savings Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Century Savings Bank directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Century Savings Bank what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Century Savings Bank to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Century Savings Bank to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Century Savings Bank weighs this case by case under its own policy, so be upfront about your history and ask Century Savings Bank how it evaluates prior bankruptcies.