Cross River Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Cross River Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 454390 | Other Direct Selling Establishments | 56 | $50.7M | $905K | 5.8% |
| 423390 | Other Construction Material Merchant Wholesalers | 56 | $54.5M | $974K | 5.8% |
| 454110 | Electronic Shopping and Mail-Order Houses | 48 | $93.2M | $1.9M | 5.0% |
| 445110 | Supermarkets and Other Grocery (except Convenience) Stores | 32 | $65.0M | $2.0M | 3.3% |
| 238990 | All Other Specialty Trade Contractors | 32 | $56.9M | $1.8M | 3.3% |
| 812210 | Funeral Homes and Funeral Services | 32 | $33.4M | $1.0M | 3.3% |
| 541410 | Interior Design Services | 32 | $42.7M | $1.3M | 3.3% |
| 423940 | Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesaler | 32 | $24.0M | $750K | 3.3% |
| 541519 | Other Computer Related Services | 24 | $19.9M | $828K | 2.5% |
| 237310 | Highway, Street, and Bridge Construction | 24 | $34.4M | $1.4M | 2.5% |
Geographic Distribution
SBA lending activity for Cross River Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 488 | $560.3M | 50.4% |
| New Jersey (NJ) | 272 | $510.8M | 28.1% |
| Florida (FL) | 104 | $244.7M | 10.7% |
| Michigan (MI) | 16 | $24.0M | 1.7% |
| North Carolina (NC) | 24 | $21.2M | 2.5% |
| Connecticut (CT) | 8 | $20.3M | 0.8% |
| California (CA) | 16 | $10.8M | 1.7% |
| South Carolina (SC) | 8 | $4.6M | 0.8% |
| Washington (WA) | 16 | $3.5M | 1.7% |
| Texas (TX) | 8 | $2.8M | 0.8% |
| Wyoming (WY) | 8 | $2.4M | 0.8% |
Why Choose Cross River Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 968 SBA loans approved, totaling $1.41B in financing
- ✓Industry Expertise: Specialized focus on Other Direct Selling Establishments, Other Construction Material Merchant Wholesalers, Electronic Shopping and Mail-Order Houses
- ✓Competitive Terms: Average interest rate of 7.51% with flexible term lengths averaging 172 months
- ✓Loan Range: Loan sizes from $150K to $5.0M, with an average of $1.5M
- ✓Nationwide Reach: Active lending in 11 states, with strong presence in NY, NJ, FL
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Cross River Bank SBA lending
What types of businesses does Cross River Bank typically finance?
Cross River Bank specializes in SBA 7(a) lending to specific industries including other direct selling establishments, other construction material merchant wholesalers, electronic shopping and mail-order houses, supermarkets and other grocery (except convenience) stores. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Cross River Bank's typical SBA loan terms?
Cross River Bank's SBA 7(a) loans typically feature an average interest rate of 7.51% and average term length of 172 months (approximately 14 years). Loan sizes range from $150K to $5.0M, with an average loan size of $1.5M.
Do I need a business valuation for a Cross River Bank SBA loan?
Yes, Cross River Bank typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Cross River Bank compare to other SBA lenders?
Cross River Bank has originated 968 SBA loans totaling $1.41B since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Cross River Bank lend in?
Cross River Bank provides SBA 7(a) financing with particularly strong presence in NY, NJ, FL, NC, CA. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.