Valley National Bank

This is a bank that offers SBA loan programs designed to help small and medium-sized businesses access financing for growth, real estate, equipment, and working capital needs. They provide personalized service and expert guidance throughout the loan process to ensure your business gets the support it needs.

It is recommended to schedule an appointment to meet with a lending specialist, but walk-ins are also welcome during business hours. Calling ahead can help ensure you receive dedicated assistance promptly.

Valley National Bank's Passaic location is open Monday through Friday from 9:00 AM to 4:00 PM, with limited Saturday hours from 9:00 AM to 12:00 PM. Please confirm current hours directly with the branch.

There are no fees for simply visiting or consulting with a loan officer. However, loan processing and application fees may apply depending on the specific financing arrangement.

This bank primarily serves residents and businesses within its regional service area, but SBA loan programs are available to eligible small businesses nationwide, provided they meet the qualification criteria.

A minimum personal credit score of around 640 is typically preferred, though higher scores improve the chances of approval and favorable terms.

The underwriting process generally takes between 30 to 60 days, depending on the complexity of the loan and completeness of the application materials.

Valley National Bank's Passaic location is closed on Sunday but open Saturday mornings from 9:00 AM to 12:00 PM. Confirm with the branch for holiday or seasonal variations.

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

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

You can reach Valley National Bank at (973) 777-6768 or submit a consultation request through the contact form available on their location page at locations.valley.com.

Based on its approved SBA loans, Valley National Bank most often finances businesses in restaurants & food service, construction & contractors, general retail, medical practices & clinics, automotive repair & services, and manufacturing. This reflects Valley National 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 Valley National 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 Valley National Bank participates in SBA Express depends on its specific SBA lending authority. Contact Valley National 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. Valley National 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. Valley National Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Valley National 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 Valley National 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 Valley National 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 Valley National 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. Valley National Bank weighs this case by case under its own policy, so be upfront about your history and ask Valley National Bank how it evaluates prior bankruptcies.