Small Business Loans
If your business has financing needs for long-term capital investments, or you need working capital to grow, let’s talk! Whatever the scenario, we’re ready to get down to business. Plus, ask about our Small Business Lending Advantage Program1, which offers rate discounts for eligible borrowers.
Here are our loan options:
Term Loan
Funds for machinery, office equipment or debt consolidation.
Features and Benefits
- Loans offered for 1 to 5 years; longer terms may be available if secured with real estate
- One lump sum advance at closing
- Fixed rate
- Loans from $5,000 to $1,000,000
Small Business Line of Credit
Get flexibility and quick access to cash for your short-term financing needs. Tapping into your funds is easy. Just write a check from your account or process an advance through Business Online Banking.
Features and Benefits
- Easy application process and fast approval
- Revolving use of funds that you control
- Lines from $10,000 to $1,000,000
Next Steps
- Download the Small Business Loan Application/Personal Financial Statement.
- For more information, contact your local branch or schedule an appointment with our Business Banking Team by completing the form below.
Requirements: Subject to credit approval. Company must have been in business a minimum of 2 years. Requires automatic deduction of loan payment from a Lakeland Bank business checking account.
1Applicants may also be eligible for our special Small Business Lending Advantage Program, which offers additional rate discounts to qualified borrowers who meet business location requirements. Eligible businesses must be located within a Low-Moderate Income tract within Lakeland Bank’s CRA Assessment area which includes the counties listed below:
New Jersey: Bergen Passaic, Sussex, Morris, Hudson, Essex, Somerset, Union, Middlesex, Monmouth, Ocean and Mercer
New York: Orange
