Haven Savings Bank
Haven Savings Bank is an active SBA lender in New Jersey, a bank offering SBA-guaranteed small-business loans. Currently rated 2.9 stars across 14 Google reviews.
$4M
in SBA approvals since 2010
6
SBA loans funded
Fitness & Recreation · Automotive Repair & Services · Real Estate & Property Management
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Haven Savings Bank
Haven Savings Bank offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on the New Jersey region, this bank provides flexible loan options including the popular 7(a) program, which is ideal for a variety of business purposes. Their team specializes in guiding clients through the loan process, ensuring clarity and support at every step, whether you're a startup or an established enterprise. The bank's expertise extends to supporting businesses in diverse industries, with a particular strength in serving the local community of Hoboken. They prioritize personalized service, helping entrepreneurs access the capital they need to succeed and thrive in competitive markets. From initial application to funding, Haven Savings Bank is committed to making the lending process straightforward and accessible for small business owners.
Common questions about Haven Savings Bank
What is this place and what can I find here?
This is a bank that offers SBA loans and small business financing options, helping entrepreneurs access the capital they need to grow and succeed.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated assistance, but walk-ins are also welcome during business hours.
What are the hours of operation?
The bank operates Monday through Friday from 9 am to 5 pm, with extended hours by appointment upon request.
Is there a fee to use this?
There are no fees to visit the bank; however, loan application and processing fees may apply depending on the loan type.
Who is this open to — anyone, or only residents/members?
This bank primarily serves small business owners and entrepreneurs in the Hoboken area and surrounding regions.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of around 640 is typically required, but approval depends on overall financial health and business strength.
How long does the traditional underwriting process take from start to close?
The underwriting process generally takes between 30 to 60 days, depending on the complexity of the loan and completeness of documentation.
Is this open on weekends?
Most banks keep weekday business hours and are closed on weekends, and Haven 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 Haven Savings Bank to confirm current weekend availability before you go.
How do I get there and where do I park?
Haven 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.
Who owns or operates this listing?
This page is an independent directory listing for Haven Savings Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Haven Savings Bank itself, which runs its own lending under its own ownership. If you work at Haven Savings Bank, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Haven 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 Haven Savings Bank before applying. If you represent Haven Savings Bank, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Haven Savings Bank by phone at (201) 659-3600 or online at havenbank.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 Haven Savings Bank before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Like most SBA lenders, Haven 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 Haven Savings Bank directly which industries it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Haven Savings Bank participates in SBA Express depends on its specific SBA lending authority. Contact Haven Savings Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
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. Haven Savings Bank can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
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. Haven Savings Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Haven Savings Bank directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
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 Haven Savings Bank what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
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 Haven Savings Bank to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
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 Haven Savings Bank to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
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. Haven Savings Bank weighs this case by case under its own policy, so be upfront about your history and ask Haven Savings Bank how it evaluates prior bankruptcies.
