Cross River Bank

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.

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.

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.

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.

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

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

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

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

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

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

You can reach Cross River Bank by phone at (201) 808-7000 or online at crossriver.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 Cross River Bank before relying on them.

Based on its approved SBA loans, Cross River Bank most often finances businesses in wholesale & distribution, general retail, e-commerce & online retail, construction & contractors, manufacturing, and food manufacturing & processing. This reflects Cross River Bank'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 Cross River Bank 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 Cross River Bank participates in SBA Express depends on its specific SBA lending authority. Contact Cross River 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. Cross River 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. Cross River Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Cross River 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 Cross River 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 Cross River 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 Cross River 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. Cross River Bank weighs this case by case under its own policy, so be upfront about your history and ask Cross River Bank how it evaluates prior bankruptcies.