Dedicated to supporting local businesses, our committed Commercial Loan Team ensures access to essential resources. We offer hometown business loans featuring competitive rates, flexible terms, swift processing, and exceptional service – all backed by over a century of local lending expertise. Our experienced loan officers, with a wealth of knowledge, are available to meet at your convenience.
Meet Our Business Loan Team
Vesna Palifrova
VP, Senior Commercial Loan Officer
Phone: 609-522-6139
NMLS#1876712
Give us 15 MINUTES
and we’ll show you how we can
HELP YOUR BUSINESS GROW
609.522.5011 [email protected]
With 25+ years of experience in commercial lending and business banking, Vesna possesses a profound understanding of fostering financial success for her customers. Her skill in identifying and comprehending customer needs, along with her extensive expertise, consistently forges robust community relationships.
email: [email protected]
As a seasoned professional with over 10 years of experience in lending, business development and management, Jake is well-equipped to assist business owners and investors in securing funding they need to thrive in this competitive market.
email: [email protected]
What type of loan do you need?
Mortgage Loan
A commercial mortgage is a loan secured by commercial real estate, such as office buildings, hotels, motels, or other income-generating properties. It is used by businesses to fund the purchase, refinance or development of commercial properties. Commercial mortgages are distinct from residential mortgages, which are used to finance homes.
Typically, the loan has fixed or variable interest rates available and have a repayment schedule, spanning 15 to 30 years with monthly principal and interest payments. Fixed rates remain constant throughout the loan term where variable rates may change based on market conditions.
If buying the property, borrowers will need to provide a down payment. The down payment is a percentage of the property’s purchase price. The mortgage loan will cover the remaining amount.
Secured Revolving Line of Credit
Are you are looking for flexibility to manage cash flow fluctuations? A secured revolving line of credit may help.
A line of credit is a financial arrangement that provides businesses with access to a predetermined amount of funds. It allows businesses to borrow, repay, and re-borrow as needed, unlike a mortgage or term loan with a fixed repayment schedule.
Businesses can access funds up to a set credit limit, and they can use and repay the funds as often as needed. Commercial real estate secures the line of credit.
Construction and Term Loans
If you are looking for a construction or term loan, please contact our lenders to discuss options and availability.
Business Loan Application Process
To begin the loan process, your lender will want a clear financial picture of you, your business and, if applicable, the business you want to buy. Use the forms below as a guide to the information you may need to have on hand.
Our business loan experts will work closely with you to ensure you have exactly what you need as you move through the application process.
Complete this form for all types of commercial loans and lines of credit.
Each owner of the business is required to complete this individual statement of assets and liabilities.
Completed documents can be emailed, mailed or faxed (609) 522-5362. To apply by mail, send the completed forms and supporting documents to:
Crest Savings Bank Commercial Loan Department
3301 Pacific Avenue
Wildwood, NJ 08260
Existing Loan Customers Call our loan servicing team at (609) 522-5332 or email us at [email protected] for help with existing loans.
NMLS ID: 472651
Commercial Loan Rates
Our commercial loan rates are determined by a variety of factors tailored to meet the unique needs of each business. Factors such as creditworthiness, financial stability, loan term, and market conditions all play a crucial role in shaping the rates we offer.
To get a personalized and accurate quote, we encourage you to speak with our experienced loan officers. Their expertise will guide you through the process, helping assess your specific situation and providing insights into the most favorable terms available.
Contact Vesna or Jake today for a comprehensive consultation and let us tailor a commercial loan solution that aligns perfectly with your business goals and financial requirements.