Blue Foundry Bank Expands Offering with Slate of Business Loans

Blue Foundry Bank, a financial institution that offers a full service, crafted banking experience, now offers Blue Carbon® Business Loans and Small Business Administration (SBA) 7(a) Loans. These offerings strengthen the Bank’s support of small and middle-market businesses by adding the loan products that complement their Blue Carbon® Business deposit products, including the recent launch of their premier account, Blue Carbon EdgeTM Business Checking.

After participating in the Paycheck Protection Program (PPP), Blue Foundry Bank provided over 1,000 loans impacting more than 9,000 employees. These efforts have galvanized the Bank’s commitment to local businesses and emphasized the need to have access to the right products and solutions to continue to support businesses for the long-term.

With the launch of Blue Carbon® Business Loans, the Bank offers customized terms and options. Partnering with Blue Foundry Bank includes individualized offerings built from the ground up with end-to-end personal service, advanced technology for a seamless process, and competitive rates with streamlined approvals.

As an authorized SBA 7(a) Program lender, Blue Foundry Bank is also now able to provide business customers with loans in a variety of categories that allow for easier qualification, longer terms, and lower down payments on fixed assets versus most standard loans. SBA loans are available to for-profit businesses that may not qualify for a conventional loan.

“At Blue Foundry Bank, we take the success of our business customers personally and understand that a top priority for them is access to capital and a partner that understands their needs and goals,” said Jason Goldberg, EVP & Chief Lending Officer at Blue Foundry Bank. “We’re thrilled to deepen our commitment to our local businesses by providing them with a full suite of loan products that will enable them to grow and expand for years to come.”

Blue Carbon® Business Loans are designed to meet the needs of your business:

SMALL BUSINESS LOANS UNDER $1M

Term Loans and Lines of Credit
Get the needed boost to manage payroll, improve cashflow, upgrade equipment, renovate or even expand your business with these Small Business Loans.

COMMERCIAL BUSINESS LOANS $1M+

Term Loans and Lines of Credit
Get the tools and custom solutions to expand your horizons and your operations with these Middle Market Business Loans.

Asset-Based Lines of Credit
Drive success forward for your capital-intensive business that requires additional cash to invest in inventory, upgrade or purchase equipment and manage your cash-to-cash cycle.

The Blue Foundry Bank partnership includes:

• Individualized offerings built from the ground up with end-to-end personal service
• Advanced technology to make the entire process seamless and efficient
• Competitive rates and streamlined approval process
• One place for all your business needs – lending and treasury products
• On-site business meetings and evaluations

Interested business customers can learn more and begin the application process at bluefoundrybank.com/SBA or bluefoundrybank.com/blue-carbon-business-loans. To learn more about the Bank’s deposit products, visit: bluefoundrybank.com/business/checking. Speak to a Universal Bankers at 888-931-BLUE. Member FDIC.