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Small Business & Commercial Loans

Small Business

Morris County is the place for business – and Lincoln 1st is the bank to provide the financial resources you need to succeed. Whether you’re an established small business, startup or Fortune 1000 company, we have the products to help you grow.

And we understand all that Morris County has to offer your business. From a gross regional product (GRP) of more than $52 billion1 to a fantastic location less than an hour from New York City and just over 60 minutes from Philadelphia, it’s no reason more than 44,000 businesses call Morris County home.1 Lincoln 1st does too and has for nearly 100 years. That’s one reason why we’re a perfect resource for your company.

 Running a successful company requires capital. That's where we can help. As a community bank, we offer more than various options to help accommodate your financial goals and keep your business growing. We can give you valuable local perspective and share experiences that help make educated decisions.

 Contact us today to discuss your business and commercial loan needs. We’ll walk you through the process of how to get a business loan that is perfect for your situation.   

*Lincoln 1st Bank accepts loan applications for Individuals, Businesses, and real estate financing located in the State of New Jersey.

Portfolio of Business Loans

Does your business have seasonal cash needs? Or need inventory financing? Make it happen today at Lincoln 1st where we excel at meeting your business’s needs. Our commercial loans are debt-based financing that can go toward business expenses that include working capital, equipment, and real estate.

Lines of Credit – If you have short-term borrowing needs, a line of credit (LOC) may be the smartest business decision. A LOC provides your business with the funds necessary to alleviate cash flow shortage, finance receivables, or purchase inventory. It can also be used so you can leverage unexpected opportunities.

A business line of credit is particularly beneficial for a small business to maintain its financial health. Unlike a business loan, a line of credit acts as ready cash in times of need. It can serve as a business lifeline during an emergency or if you company is seasonal and has times when cash flow is tight. One thing to remember about a business line of credit is that it is secured by a blanket lien on your assets or a certificate of deposit, which helps keep interest rates low.

Commercial Term Loans

Need resources for vehicles, equipment, or additional working capital? Our team of experts will work with you to find the best term loan for your situation. All come with a low, fixed interest rates.

Equipment Loans – Give your company the tools, machinery, and technology necessary to prosper and meet growing customer demand. Equipment financing is a type of small business loan used primarily to purchase computers, machinery, vehicles, or other business equipment.  

You can use the new purchases as loan collateral, making equipment financing a smart approach to preserve on-hand cash. You don’t have to tie-up other collateral or affect cash flow to make the necessary equipment purchases.

Commercial Real Estate – Need more space or have your office requirements changed? Leverage your equity and invest in your business. A standard commercial real estate loan is similar to a home mortgage but typically has shorter terms. Instead of a 30-year repayment schedule, our commercial real estate loans are available at 20-, 10-, and 5-year terms. There are some conditions, so please contact our commercial loan team to learn how we can serve your business needs.

Secured Business Loans - Expand your business or refinance debt with a secured business loan. With this borrowing product, you decide the collateral that secures the loan.

Merchant Cash Advance – Lincoln 1st offers a merchant cash advance if your retail business needs an influx of funds. You simply agree to repay the money using a percentage of your daily credit card sales. Merchant cash advances are a fast and easy way to access capital for your business, while also giving you flexible repayment terms.

Startup – Starting a business comes with costs. Securing a startup loan from Lincoln 1st is better than giving equity to investors, dipping into your personal finances, or borrowing cash from family and friends. As a local community bank, we are committed to seeing you prosper as our business neighbor so we will provide the capital you need at low rates.

Business Financial Tools For You

We are so committed to your success that we have a dedicated Business 1st Education Center.

The page has video series on product tutorials, demos, and financial resources, so you can learn more about the features and benefits of our products – on your schedule. Also for your convenience, we have established a Financial Literacy Resource Center to provide you with information on managing finances, security practices, banking tips, and more.

Apply now for your business loan.


1 Reference: Morris County EDC Date Report