CBAC's COVID-19 Statement - UPDATED 4-29-2021
CBAC values the health and safety of all staff, loan clients, small businesses seeking assistance, and partners and stakeholders. We thank you for your patience as we continue to experience a high volume of inquiries. We are still working with the New Jersey Economic Development Authority (NJEDA), Federal agencies, and partners to assist small businesses during the pandemic by offering several types of loan programs. CLICK HERE to read our current pandemic action statement, and how we strive to be available and responsive to your small business needs in our target communities.
CBAC is not an SBA Paycheck Protection Program (PPP) lender.
CBAC is a participating SBA Microlender, but we do not offer PPP Loans. Please contact your bank or visit www.sba.gov for updated information about how to apply for PPP financing and other types of federal assistance.
If your business is located in or moving to Southern New Jersey or Philadelphia, Pennsylvania, and if you are struggling to get a loan at a competitive interest rate or need additional funding for a larger transaction, CBAC wants to help you start, grow, and succeed.
CBAC is a non-profit, mission-driven community lending organization that offers a range of loan products and support services entrepreneurs to meet your existing and start-up business needs.
We offer transparent, fair, and competitive interest rate business loans with low fees to small businesses throughout Southern New Jersey and Philadelphia. We can make loans directly to your business and in partnership with banks and other lenders to help you get the capital you need, and we offer convenient repayment plans.
Our professional staff works one-on-one with you to tailor a financing package that meets your unique business needs. We also blend the resources and experiences of our partners with our programs and services to provide your business with customized coaching, training, and technical assistance.
In the past five years, CBAC made over 500 loans, which created and retained approximately 2,700 jobs.
Sixty-one percent of CBAC's loans were to women and minority-owned businesses.