Cooperative Business Assistance Corporation Employee Directory
Financial ServicesNew Jersey, United States2-10 Employees
Cooperative Business Assistance Corporation (CBAC) is a Camden, New Jersey-based nonprofit charitable organization and mission-driven lender in the financial services industry. Established in 1987, CBAC is a certified Community Development Financial Institution (CDFI) and serves as an SBA Microloan Intermediary, USDA Rural Development Lender, and NJEDA Participating Lender. The organization offers small business loans ranging from $1,000 to $250,000 through multiple programs and partnerships, and it leverages private sector financing with loans and equity investments. CBAC has been the top SBA Microloan lender in New Jersey for 19 of the past 21 years, ranked first in loan dollar volume in 2015, and is recognized as a top-performing USDA Rural Development Microloan lender. In the three years ending June 30, 2017, CBAC made over $8.9 million in loans in South Jersey and Philadelphia, including 38 Camden loans totaling $1.3 million, helped create or retain 3,487 jobs, develop or rehabilitate 536,110 square feet of commercial real estate, and secure $28,607,005 in leveraged private financing from partner lenders, while staff provided business development and financial education to more than 2,000 small business owners.
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