Business Services
BusinessAdvantageSM 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
For your Small Business financing needs up to $100,000, choose The Provident Bank! When you click on the below Apply button, you will be able to select from a number of different loans products, including a working capital Line of Credit to help bridge the cash flow cycles of your company, to a Term Loan for your equipment or vehicle purchases as your operations continues to expand. Our online application is here for your convenience and to allow for a streamlined credit process. A representative will respond to your application within approximately 48 hours of receiving your electronic submission. Please be sure to complete the application in full and feel free to reach out to Jose Roman at 888-534-8979 (x5501) with any questions.
If you have any questions about loans over $100,000, please call Steve Guidette at 888-534-8979 (x5532). We offer a full array of loan products for the Business Banking, Middle Market and Commercial Real Estate worlds.
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).