Cooperative Business Assistance Corporation

Harry Stone, Senior Lender
328 Market Street
Camden, NJ 08102
Phone: (856) 966-8181
Fax: (856) 966-0036
www.cbaclenders.com

US SBA Microloan Program US SBA 504 Loan Program Micro Loans Commercial Loans Fixed Asset Loans Cumberland Countywide Revolving Loan Program Cumberland Countywide Intermediary Relending Program
Eligible Borrowers: For-profit company, start up and expanding small businesses For-profit company, start up and expanding small businesses Available for new enterprises and existing businesses Available for new enterprises and existing businesses Available to businesses with at least 2 years of positive operating experience Small businesses within Cumberland County Businesses in USDA eligible areas of Cumberland County
Loan Amount: Up to $35,000 and up to $105,000 with other lender participation Up to $4,000,000 From $1,000 to $35,000 From $30,000 to $250,000 Up to $500,000 Up to $100,000 Up to $250,000
Estimated Interest Rate: For more information, call (856) 966-8181 For more information, call (856) 966-8181 For more information, call (856) 966-8181 For more information, call (856) 966-8181 For more information, call (856) 966-8181 For more information, call (856) 966-8181 For more information, call (856) 966-8181
Terms:  Maximum of 6 years Maximum of 20 years From 3 months to 5 years 5 Year term Up to 20 years N/A Up to 20 years
Permitted Uses: Inventory, working capital, equipment, machinery purchases and installation, and furniture and fixtures For acquisition of real estate, equipment and building construction Loans may be used to purchase equipment, inventory, or for working capital. Loans may be used to purchase equipment, inventory, minor leasehold improvements, or for working capital. Borrowers may use these funds for permanent mortgages for commercial real estate acquisition, construction or renovation, equipment purchases, and up to 25% may be used for working capital. Can be used by small businesses for working capital, equipment and real estate purposes For working capital, equipment purchases, and real estate purposes
Application Fee: Contribution of $50.00  N/A N/A N/A N/A N/A N/A
Other Special Requirements: Program available in Cumberland, Salem, Camden, Gloucester, Atlantic and Cape May Counties.
Business plans and financial projections required if applicable
Program available in Cumberland, Salem, Camden, Gloucester, Atlantic and Cape May Counties.
Business plans and financial projections required if applicable
New business owners are required to complete entrepreneurial training and write a business plan.
The Micro Loan Program is the CBAC program the most directly benefits low income entrepreneurs and business owners who are Cumberland County residents.
New business owners are required to complete entrepreneurial training and write a business plan. CBAC requires that for every dollar it lends, the borrower leverages an additional two dollars.
The leveraged portion generally comes from other lenders, the borrower’s bank of account, and the New Jersey Economic Development Authority (NJEDA).
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