Cross River Bank
Fort Lee, NJ 7024
⭐ SBA Preferred LenderStates Served
Top Industries Financed
- Other Direct Selling Establishments
- Other Construction Material Merchant Wholesalers
- Electronic Shopping and Mail-Order Houses
- Supermarkets and Other Grocery (except Convenience) Stores
- Funeral Homes and Funeral Services
Quick Summary
Cross River Bank is an SBA-approved lender headquartered in Fort Lee, New Jersey. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 121 SBA 7(a) loans totaling $175.7M, with an average loan size of $1.5M. They serve businesses across 11 states.
About Cross River Bank
Cross River Bank is an SBA-approved lender headquartered in Fort Lee, New Jersey. Since 2020, they have approved 121 SBA 7(a) loans totaling $175.7M, with an average loan size of $1.5M. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 11 states.
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Frequently Asked Questions
Is Cross River Bank an SBA Preferred Lender?
Yes, Cross River Bank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has Cross River Bank approved?
According to SBA FOIA public records, Cross River Bank has approved 121 SBA 7(a) loans totaling $175.7M since 2020. Their average loan size is $1.5M.
What states does Cross River Bank serve?
Cross River Bank serves businesses in 11 states: California, Connecticut, Florida, Michigan, North Carolina, New Jersey, New York, South Carolina, Texas, Washington, Wyoming.
How do I apply for an SBA loan with Cross River Bank?
To apply for an SBA 7(a) loan with Cross River Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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