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Asset Based Financing If your receivables are unemployed, put them to work and improve your cash position. With Business Manager you can:
For more information about our asset based loans and accounts receivable purchasing program:
Email or call Irv Wischik: 609-655-4500
Credit Lines 1st Constitution Bank's Credit Lines provide your business with available funds for a specific time period. The revolving nature of these products allow you to re-use your credit line as you pay it back.
Term Loans Are you looking to expand your business, purchase equipment or acquire another business? Do you simply need long-term working capital? Our Term Loans, with repayment schedules over a long period of time may be right for you.
Commercial Mortgages 1st Constitution Bank offers term loans specifically designed to refinance your mortgage or acquire new real estate. Are you looking to expand your facility, or build a new one? Ask us about our Construction Loans.
SBA Loans What is a Small Business? Generally the U.S. Small Business Administration considers a business small if it is operated and organized to make a profit and not dominant in its field. It must also meet certain established sized standards. Why 1st Constitution Bank? 1st Constitution Bank is a Commercial Bank specializing in serving the small business community. Our SBA loan program can benefit qualified businesses through New Jersey, New York, and Pennsylvania. How Much Is Available? You can borrow from $100,000 to $1,000,000 if you and your business qualify. How To Apply? E-mail or call Steve Seong 609-655-4500
Economic Development Authority Loans Are you looking to expand your business? Will you be creating employment
opportunities? First Constitution can arrange a New Jersey Economic
Development Authority Loan for qualified applicants. Email
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Notice of Changes in Temporary FDIC Insurance Coverage for Transaction Accounts
1st Constitution Bank is participating in the FDIC's Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. The temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.
The term “noninterest-bearing checking account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It does not include other accounts, such as traditional checking account or demand deposit accounts that may earn interest, NOW accounts, money market deposit accounts, and Interest on Lawyer Trust Accounts (IOLTA’s).
Funds that are automatically transferred, or “swept” from a noninterest-bearing transaction account to another account that does not qualify as a noninterest-bearing account will no longer be fully covered under the Transaction Account Guarantee Program (TAGP).
Equal Opportunity Housing Lender
Equal Housing Lenders. 1st Constitution Bank is a member FDIC. © 2000 1st Constitution Bancorp. All Rights Reserved.
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IMPORTANT INFORMATION ABOUT PROCEDURES
FOR OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, Federal Law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means to you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.