The Bank of Princeton

This is a community-focused bank offering SBA loan programs and personalized financial services to small businesses in the Princeton area and beyond. You can find assistance with funding options, loan applications, and financial planning tailored to your business needs.

It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome during business hours.

The bank operates from 9:00 AM to 5:00 PM, Monday through Friday. It is advisable to call ahead for specific appointment times or after-hours inquiries.

There are no fees to visit the bank; however, certain services like loan processing may involve fees which will be disclosed upfront.

This bank primarily serves local residents and small business owners in the Princeton area, but they welcome inquiries from new clients and businesses seeking SBA financing.

A minimum personal credit score of 650 is generally preferred, but approval depends on overall financial circumstances and business viability.

The underwriting process typically takes between 30 to 45 days, depending on the completeness of your application and documentation.

Most banks keep weekday business hours and are closed on weekends, and The Bank of Princeton 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 The Bank of Princeton to confirm current weekend availability before you go.

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

The core details for The Bank of Princeton — 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 The Bank of Princeton before applying. If you represent The Bank of Princeton, claim this listing to keep its information up to date.

You can reach The Bank of Princeton by phone at (609) 874-7033 or online at thebankofprinceton.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 The Bank of Princeton before relying on them.

Based on its approved SBA loans, The Bank of Princeton most often finances businesses in general retail, restaurants & food service, hotels & lodging, wholesale & distribution, salons, spas & personal care, and pharmacy & medical retail. This reflects The Bank of Princeton's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with The Bank of Princeton which sectors 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 The Bank of Princeton participates in SBA Express depends on its specific SBA lending authority. Contact The Bank of Princeton 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. The Bank of Princeton 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. The Bank of Princeton's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask The Bank of Princeton 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 The Bank of Princeton 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 The Bank of Princeton 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 The Bank of Princeton 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. The Bank of Princeton weighs this case by case under its own policy, so be upfront about your history and ask The Bank of Princeton how it evaluates prior bankruptcies.