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Effective April 27, 2022, CBAC temporarily suspended accepting start-up business loan applications.  We are still accepting loan applications from existing businesses, which CBAC defines as a business in operation a minimum of 12 months and at least one year of filed tax returns.  The current volume of lending to existing businesses and staff capacity made this temporary decision necessary, and we will update the website when the suspension  is lifted.

Though many Federal and State direct assistance programs ended, we still work with the NJ Economic Development Authority (NJEDA), federal agencies, and other partners to assist small businesses.  CLICK HERE to read our most current pandemic action statement, and how we strive to be available and responsive to your small business needs in our target communities. Thank you for your patience as we continue to do all we can to serve the small business community.

Cooperative Business Assistance Corporation (CBAC) is a non-profit, "mission-based," non-bank lender that provides loans ranging from $1,000 to $250,000 directly and in partnership with other lenders in our target market area. Our target market area includes the Counties of Atlantic, Burlington, Cape May, Camden, Cumberland, Gloucester, and Salem in New Jersey, and Philadelphia, Pennsylvania. We also provide training and technical assistance in support of our loans to help small businesses start, grow, and succeed.  

CBAC continues to work with the NJ Economic Development Authority (NJEDA), other Federal and Regional agencies, and partners to assist small businesses as pandemic restrictions wind down by offering several loan programs and other resources.  We are still experiencing a high volume of inquiries and thank you for your patience. If you are interested in learning about options still available with Federal, State, and other local agencies and lenders, please contact your bank or visit for updated information.  

All of us at CBAC want you to know we are still thinking about you, your families, and your employees during these challenging times. Even as restrictions and mandates are lifted throughout the region, we continue to value the health and safety of all our loan clients, small businesses seeking our assistance, partners, stakeholders, and our staff. Please keep reading to learn how we continue to be available and responsive to your small business needs during the COVID-19 Coronavirus pandemic. 

Even though restrictions are lessened an most mandates have been lifted, business owners remain rightfully concerned about the ongoing affects on their businesses, employees, and customers. During the pandemic, some of you were forced to make difficult choices. Others continue to be overwhelmed with the unexpected demand for your goods and services, are experiencing "supply chain" interruptions, or are struggling to hire the staff needed to reopen at full capacity.  Now that mandates are lifting, come of you struggle with whether or not to keep some  protections in place for your companies employee, and families.


The lifting of mandates do not prohibit you from continuing restrictions, they give you the ability to chose what is right for you. Our customers' health and well-being, your families and employees, and our staff continue to be most important to us. We will continue to take the following steps to ensure we meet your needs while also ensuring your health and safety, and that of our team members:  

What if I need an appointment with a CBAC team member?

CBAC is scheduling in-person visits on a case-by-case basis. If we cannot meet with you in person, we can still meet with you virtually! For an appointment or more information, please call us at 856-966-8181 or email us at

What if I need assistance with my existing loan or application?

Your business and needs are unique. Our team members will continue to assist and work with our customers and partners to customize solutions by phone, email, text, etc.

Can I still apply for a new loan?

We are accepting new loan applications as funding is made available to our organization. If you are interested in a loan and have not yet begun the application process, please contact our office to discuss your business needs. You can also download the application materials from our "Need A Loan?" tab and submit them by email or regular mail - our $75 application fee is still waived due to the pandemic.

Is there financial assistance available for small businesses affected by the pandemic?

Multiple types of loan and grant assistance are still available through the SBA, NJEDA, and local and regional programs. MANY PRIVATE BANKS AND LENDERS ALSO OFFER ASSISTANCE PROGRAMS TO THEIR CUSTOMERS. Please visit and check with your bank to learn more about what they might offer to assist you.  

Federal Emergency Assistance Options


Most programs have ended. Please visit for more information. 

State & Local Emergency Assistance Options

In New Jersey, the state is still offering some business grant options at the time of this update. You can visit the NJ Economic Development Authority (NJEDA) and others for updated information about grant and loan opportunities. that are currently accepting applications are listed on the State's Emergency Assistance Eligibility Wizard website at, or visit the NJEDA website at to learn about other financing and incentive options. 

In Pennsylvania, you can visit for more information about what is available for business owners.

Is my business still affected by the social distancing rules and regulations?

For most businesses and facilities restriction have been lifted. However, there are still some business-specific restrictions, such as medical facilities,  that vary from state to state and even between counties and municipalities in the same state. Please check with your state, county, and local government offices regarding any restrictions that might still be in effect for your business.


What if I find out one of my employees tested positive for COVID-19?

Per the Centers for Disease Control (CDC), if an employee is confirmed to have COVID-19, employers should inform fellow employees of their possible exposure to COVID-19 in the workplace. Still, you must maintain confidentiality as required by the Americans with Disabilities Act (ADA). Please contact the CDC and your State Department of Labor for additional information.

CBAC will continue to update our information as needed. In the interim, please continue to use the following CDC recommendations to protect yourself, loved ones, employees, customers, and all with whom you come into contact. Please visit the CDC Website for more information and updates: (

In the meantime, please follow CBAC on social media to keep up with everything else that is going on!

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