George Novak The Provident Bank (732) 726-5524 This e-mail address is being protected from spambots. You need JavaScript enabled to view it More Info

Ready, Willing and Stable - The Provident Bank Meets Commercial Lending Needs

At The Provident Bank, we want to help you grow your business profitably. Our wide variety of commercial banking services are designed for all types of businesses. Whether your company’s financial needs are large or small, you can expect the same high level of personal service, competitive rates and prompt response. Unlike large national banks, we believe in local decision-making. Our experienced Commercial Bankers are empowered to help you achieve your goals with customized financing that meets your unique needs. We’ve been helping New Jersey businesses since 1839. Capitalize on our expertise.

Commercial Lending

Whenever you need additional capital, we can help you with a selection of short- or long-term borrowing options that meet your needs. Our skilled, experienced bankers can help you manage your money with programs that allow your business to thrive, including lines of credit, acquisition financing and term loans. Lines of Credit provide supplemental working capital to cover short falls in cash flow while flexible, individually tailored term loans can finance equipment purchases, vehicles, renovations or leasehold improvements. We offer fixed or floating interest rates and flexible repayment terms. To handle business loans more efficiently, Provident has two commercial lending groups, Business Banking and Middle Market Lending. Each group includes experienced loan specialists uniquely qualified to handle loans of all sizes and to meet every client need.

Small Business Loans

For businesses with special credit needs, an SBA Loan can help you start, purchase or grow your business. Provident is an SBA Preferred Lender – which means we can approve your loan application directly, without waiting for approval from the Small Business Administration. With our streamlined application process, you’ll get faster approval so you’ll get the money you need sooner. SBA Loans range from $50,000 – $2 million with terms up to 25 years. We also offer Credit Score Loans that can be tailored for small businesses and professionals with borrowing needs up to $100,000. They are designed for businesses in operation for a minimum of two years with annual revenues of $5 million or less. In most cases Credit Score Loans can be approved in 24-48 hours.

EDA Lending
Provident is also a New Jersey Preferred Lender under the State’s loan program – administered by the New Jersey Economic Development Authority – that works to help businesses in the State grow with financing at below-market interest rates and flexible terms. Provident financed transactions totaling more than $13.7 million in assistance last year.

Trade Finance

Financing for international commerce is supported by our comprehensive menu of Trade Finance services. Letters of Credit, Bankers Acceptances, Wire Transfers, Foreign Currency Transactions and Foreign Exchange Lines of Credit are all provided in an online environment accessible from your desktop. Whether you are looking for protection on overseas purchase orders, help in managing cash flow or are looking to hedge currency risk, Provident’s state-of-the-art trade finance services can fully meet your international banking needs. We also provide training to you and your staff with the same personal touch we always provide.

Healthcare Lending

Our healthcare lenders understand the needs of healthcare professionals and related companies. We tailor product and service offerings to meet your specialized practice requirements. We offer banking services that help increase your practice’s productivity, including Term Loans, Commercial Mortgages and Lines of Credit. Provident also provides surgi-center financing, partner buy-outs/buy-ins and malpractice insurance loans.

Commercial Mortgages

When you’ve found the perfect commercial site, you don’t have time to wait for financing. At The Provident Bank, our real estate lending experts work with you to make it happen. We offer personal service, quick turnaround and a variety of terms at competitive fixed and floating rates. Our lending experts can help you with property acquisition and refinancing for office and retail space, property expansion/renovations, as well as industrial property and warehouses.

Construction Loans

Whether you’re building from the ground up or adding onto an existing property, our construction finance experts can help make it happen. From tract developments with multiple homes to condominium developments, retail centers and office buildings, we offer flexible rates and terms. The Provident Bank’s team of experts can arrange the construction financing needed to take a project from concept to completion.

Investment Real Estate Lending

Obtaining a loan for income-generating property is often difficult, but at The Provident Bank our experienced lenders make it easy by helping you through the process step by step. We’ve expanded our loan program for customers looking for flexible and affordable real estate financing for community developments such as apartments, townhouses and mixed-use properties. Our highly-trained lending specialists are ready to help you build a solid foundation for your project with financing options to meet your needs. Plus, our streamlined approval process provides you faster access to the money you need. Looking to finance or refinance an existing building? Our lending specialists can help you find the loan that’s right for you.

Wealth Management

Our dedicated Wealth Management team provides truly personalized service for our clients. Experienced wealth advisors work closely with our clients to become familiar with their individual circumstances, plans and goals. You’ll enjoy prompt, responsive and personal service from a local team of Provident professionals that you won’t find anywhere else. Provident helps clients with all their banking needs, including investment management, trust and tax planning and estate settlement. Our wealth advisors are always available to help you make the most of your money with sophisticated modeling and asset allocation. At Provident, we have assembled a team of talented and experienced advisors and administrators to plan with you, guide you and manage for you. Our team will be pleased to work with your other advisors to implement customized wealth management strategies. Whether you are looking for globally diversified investment portfolios, or want to discuss legacy planning, our professionals stand ready to assist you with your wealth management needs.

Cash Management

A successful business needs an assortment of financial services to grow. We offer innovative solutions that assist you in managing cash flow, provide for timely collection of receivables, offer options for payables and provide valuable access to your accounts. The Provident suite of Cash Management services allows for customized solutions to meet your company’s needs. Providing cash management services to enhance your daily operations is our primary goal. Our premier service includes all the tools your company needs to manage finances effectively right from your office. For instance, Remote Deposit Capture, the latest in image-based technology, allows you to eliminate daily trips to the bank by scanning checks for deposit right from your office. We can develop an innovative cash management plan focusing on the unique needs of your business. To help you improve your accounts receiveable collections we can develop a strategic plan with Remote Deposit Capture, Lockbox Services and ACH Debit Origination. Our products offer a variety of delivery methods for reporting detailed account related information. To secure your accounts payable we can offer improved options such as Positive Pay for paper checks and ACH. We can also simplify your funds management with the use of Investment and Credit Sweep. Need help with escrow funds? Our Escrow Account Management System is state-of-the art- an easy way to save you time and money with less paperwork. With all of these products to enhance the management of your relationship, it's the right time to discuss how they fit your needs with one of our experienced cash management sales officers today.