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Provident Bank

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Description

Providing comprehensive financial services tailored to small and medium-sized businesses, this bank specializes in SBA loan programs including 7(a) and 504 loans. With a focus on supporting local entrepreneurs, it offers flexible financing options for various business needs such as expansion, equipment purchase, and working capital. The bank’s experienced lending team guides clients through the application process, ensuring clarity and efficiency. Located in Jersey City, NJ, it serves a broad client base with personalized service and competitive rates. The institution is committed to fostering business growth and economic development within the community, leveraging its extensive banking expertise and SBA program knowledge to assist entrepreneurs at every stage of their business lifecycle.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.4
Google Review Count
28
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank offering SBA loan programs, business banking services, and financial solutions designed to support small and medium-sized businesses in the Jersey City area.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated time with a lending specialist, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday.
Question 4
Is there a fee to use this?
Answer 4
There may be application and closing fees associated with loans, but there is no fee to simply visit or consult with the bank.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local business owners and residents within the Jersey City area, but eligibility depends on meeting loan criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 640 or higher is generally required for loan approval.
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 loan and completeness of documentation.
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