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Saturday, June 15, 2024

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Sturdy Savings Bank’s Commercial Lending Division Ranked Region’s Top SBA Lender in Cape May County For Four Consecutive Years

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Sturdy Savings Bank’s Commercial Lending Division has been the leader of all banks located in Cape May County for the past four years regarding the number of loans approved under the U.S. Small Business Administration’s (SBA) 7(a) Advantage loan program, according to reports issued by the SBA New Jersey District Office.
For fiscal years ending September 2015, 2016, 2017, and 2018 Sturdy Savings Bank ranked as a Top 10 SBA lender out of 117 statewide lenders.
“As a prominent community bank, we have always strived to accommodate the needs of small businesses within our communities,” said Sturdy Savings Bank President and CEO Gerald Reeves. “We remain active in small business lending, offering a variety of loan products.  We understand that economic conditions are challenging, so we continue to work at making it easier for our customers to qualify for a loan.”
The SBA previously recognized Sturdy as a “breakthrough lender” in 2015 for the increase in loans through the SBA program.
“Sturdy Savings Bank offers a wide range of short and long term commercial loans and credit Lines to accommodate the business needs of our commercial customers,” Reeves continued. “Our expert lending staff specializes in creative, flexible financing tailored to meet any business need.”
Sturdy Savings Bank serves the community at 14 different locations, including Avalon, Cape May, Cape May Court House, Dennisville, Marmora, North Cape May, North Wildwood, Ocean City, Rio Grande, Somers Point, Stone Harbor, Tuckahoe and Wildwood Crest.
Each of Sturdy’s branches considers the communities in which they are located their homes, and are dedicated to see those areas succeed. The bank often donates to local organizations, and supports schools because it values the development of the youth in the communities it serves.
For more information about Sturdy Savings Bank or to reach the Commercial Lending Division, visit www.sturdyonline.com or call 609-463-5240.
Sturdy Savings Bank, Member FDIC is an Equal Housing Lender.

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