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The New Jersey Economic Development Authority (NJEDA) this week recognized Fort Lee-based Cross River Bank as a “Premier Lender.”

With this distinction, Cross River joins an exclusive list of banks that NJEDA partners with to make sure businesses have the resources they need to grow, expand and meet their goals.

Cross River notes its steadfast support for New Jersey businesses, including supporting underserved and underbanked communities as well as providing funding to more than 16,000 businesses in the Garden State. The company also points to its efforts during the pandemic, helping to protect 1.4 million jobs through the disbursement of $13 billion in financial support – especially to the smallest businesses.

Among Cross River’s key business offerings are the Premier Lending Program, which provides businesses with access to financing. It also offers lenders more flexibility through exposure reduction.

Additionally, the bank offers a full suite of Small Business Administration (SBA) and conventional business loan programs. Those offerings fund everything from machinery, equipment, inventory and working capital to real estate purchases, refinancing, acquisitions and more.

“Supporting small businesses with access to working capital – through continuous efforts in our own backyard and beyond – is ingrained in Cross River’s DNA and has been since the moment we opened our doors 16 years ago,” said Eli Hazan, vice president of business lending. “We’ve evolved our work with the SBA over the years and we are proud of the support we provide to the New Jersey community and to be recognized as a NJEDA Premier Lender.”

More news about Cross River Bank:

• Cross River releases 2023 Impact Report
• Brooklyn Sears Building revamp secures $24M financing from Cross River
• Cross River launches new Investment Banking division