Go Back

Cross River Bank

Cross River Bank offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financial support for growth, expansion, or operational needs. With a focus on SBA 7(a) loans, they provide flexible financing options that include working capital, equipment purchases, and real estate acquisitions. Their experienced team works closely with clients to understand their unique business circumstances and craft customized loan solutions, often supporting loan amounts up to $500,000. As a recognized leader in SBA lending, they leverage innovative technology to streamline the application process, making it easier and faster for borrowers to access funds. Whether you’re a startup or an established business, Cross River Bank’s dedicated SBA division aims to facilitate your business success through efficient, accessible lending options.

Review

There are no reviews yet.

Lender Type

Commercial Bank

Google Rating

2.1

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a financial institution offering SBA loan programs to help small businesses access capital for growth and operations. You can find information about different loan options, application procedures, and support services tailored to your business needs.

Question 2

Do I need an appointment or can I walk in?

Answer 2

It"s recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-in consultations may be available during business hours depending on the branch"s policies.

Question 3

What are the hours of operation?

Answer 3

Standard hours are typically Monday through Friday from 9:00 AM to 5:00 PM, but it"s best to confirm with the specific branch or office for exact times.

Question 4

Is there a fee to use this?

Answer 4

There are no fees to access basic information, but applying for a loan involves origination and processing fees which vary depending on the loan amount and type.

Question 5

Who is this open to — anyone, or only residents/members?

Answer 5

This institution primarily serves small business owners and entrepreneurs, with eligibility based on business qualifications rather than residency alone.

Question 6

What minimum personal credit score does this bank look for in a guarantor?

Answer 6

A minimum personal credit score of around 650 is generally preferred, though higher scores improve approval chances.

Question 7

How long does the traditional underwriting process take from start to close?

Answer 7

The underwriting process typically takes between 2 to 4 weeks, depending on the complexity of the application and completeness of documentation.

Cross River Bank

Description

Location

Review

Q&A