CBAC's COVID-19 Statement - UPDATED 5-2022
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.
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