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Loans and Lines of Credit
At The Provident Bank, we are committed to finding ways to help your business grow profitably. As this growth occurs, you may need additional capital to finance your expansion plans. We can help you select the short- or long-term borrowing options best suited to your business.
Whether your company's financial needs are large or
small, an experienced Provident Business Banker is
ready to offer you prompt solutions
with competitive rates, and flexible
payment schedules.
Commercial Real Estate Loans
As a major provider of loans that contribute to New Jersey's growth, The Provident Bank specializes in financing retail, office, warehouse, apartment and mixed-use buildings. A variety of competitive rates and terms are available from our team of commercial real estate professionals.
Construction Loans
Whether you're an owner-occupant building your own house or a tract developer building multiple homes, our construction finance experts can meet your borrowing needs. Flexible rates and terms are available for 1-4 family homes, condominium developments, modular homes and to finance additions/alterations on existing properties.
And for commercial property developers, The Provident Bank team of experts can arrange the construction financing needed to take a project from concept to completion.
Letters of Credit
Trade Letters of Credit help eliminate the obstacles involved in foreign trade. You can limit risk by ensuring both parties in an international transaction that goods, services or payment will be received.
Standby Letters of Credit provide a solution in domestic transactions where guarantee of payment is required before a product or service is rendered.
Equipment Leasing
If your budget, cash flow or tax concerns cause you to consider leasing, our flexible plans, competitive pricing and superior service for most types of equipment can provide the solution.
Overdraft Lines of Credit
Link an overdraft line of $5,000 to $10,000 to your
Provident business checking account, and be confident
in writing the checks up to your available credit
limit. Use the funds for any purpose. Financial charges
apply only for the time your credit line is in use.
Lines of Credit
Every business experiences interruptions in cash flow. Your Provident
Business Banker can establish a working capital line of credit to help
maintain your ongoing operations.
Term Loans
Expanding your business may require you to make equipment or vehicle
purchases, renovations or leasehold improvements. A term loan can be
tailored to meet these requirements with customized repayment terms and
competitive fixed or floating rates.
Loans to Small Businesses
If your business has annual revenues of $5 million or less, a Provident
small business loan can meet your borrowing needs up to $100,000.
SBA Loans
To strengthen economic development in our local communities, The Provident
Bank offers loans in cooperation with the Small Business Administration
(SBA), a federal agency. The SBA provides loan guarantees (subject to credit
approval) while The Provident Bank's easy application process results
in quick turnaround. These loans are offered, in most cases, with no balloon
payments, no prepayment penalties and full amortization.
Loan amounts can range from $50,000 to $750,000, and financing up to 100% is available. Rates are negotiable.
For more information please call The Provident Contact Center at 1-800-448-PROV (7768)
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