GRANT · HOW TO WIN THIS
Loan amount varies; terms and rates set by creditworthiness.
Rolling — no deadline, apply anytime.
FUNDING TYPE
CDFI, Loan
CAN YOU GET THIS?
YOUR REAL ODDS
No public data on approval rates, but as a CDFI credit union it is designed to serve borrowers who may not qualify at traditional banks.
Rates are based on creditworthiness and loan term, so your credit profile will be a primary factor. Rolling acceptance means you can apply at any time without waiting for a funding cycle.
WHAT IT TAKES
Confirm membership eligibility and join the credit union — 1-3 days
Complete and submit the Business Loan Application — 1-2 hours
Respond to any underwriting requests and await decision — 1-3 weeks
WORTH KNOWING
1st Bergen FCU operates out of community action locations in Hackensack and Toms River, which signals a mission focus on underserved borrowers — worth noting if your business serves or is based in those communities.
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$19/month · cancel anytime