At a glance
From its website, read 2 Nov 2026Cooperative Business Assistance Corp, The is a loan fund based in Camden, New Jersey. Its website describes microloans and small-business loans. Stated loan amounts run from $1,000 to $250,000. It says it considers borrowers with low or no credit history.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Lending | (856) 966-8181 source |
|---|---|
| info@cbaclenders.com source | |
| Website | cbaclenders.com |
| Office (official list) | 328 Market Street, Camden, NJ 08102 |
What their website says about applying
The loan application also includes a list of additional documents we might need from you for full consideration.
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Rates and terms they state
Read 2 Nov 2026| Loan | Stated | Text on the lender's site (verbatim) | Page |
|---|---|---|---|
| Microloans | Term: up to 7 yr | The maximum loan term is 84 months (7 years). | source |
As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.
Who qualifies, in their words
- No or thin credit history considered
Do you have good credit? Having a good credit history is ideal, but having no credit or some negative credit will not necessarily disqualify a loan applicant.
source - Low or damaged credit considered
Do you have good credit? Having a good credit history is ideal, but having no credit or some negative credit will not necessarily disqualify a loan applicant.
source - Minimum time in business: 1 year
which we define as those that have been in operation for at least 12 months
source - Collateral required
Loans are collateralized with business assets, as well as real estate when it is necessary. CBAC also requires personal guarantees.
source
Only rules the lender's own pages state. Other requirements may apply.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 8 Jul 2026 |
| RSSD ID | — (none listed) |
| Address | 328 Market Street, Camden, NJ 08102 Directions (Google Maps) |
| Website | cbaclenders.com |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 2 Nov 2026Read from 4 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: high. Start-up business loan applications have been suspended since April 27, 2022; applications are accepted from existing businesses. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Microloans | $1,000 – $50,000 | If your small business needs a loan between $1,000 and $50,000 for small business expenses, a CBAC microloan might be the right option for you. | source |
| Small-business loans | $50,000 – $250,000 | If your small business needs a loan between $50,000 and $250,000 to deal with the financial impacts of the COVID-19 Pandemic, start a business, finance real estate or other business expenses, a CBAC small business loan might be the right option for you. | source |
Loan sizes
The minimum direct microloan is $1,000 and the maximum is $50,000.
sourceCBAC loans made in partnership with other lenders can be up to $250,000 or more, on a case-by-case basis.
sourceOur loan amounts range from as little as $1,000 to $50,000 for businesses in all stages of growth, and as much as $250,000 in partnership with other lenders for established businesses.
source
Range used for the size filter: $1,000 to $250,000
Service area
Not stated on the pages we read.
Borrower focus
- Not stated on the pages we read.
Languages
- No non-English service found on the pages we read.
Online application
No online application link found on the pages we read.
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- Do you lend where I live, or where my business is?
Their website does not say which area they serve. - What interest rate and fees should I expect on your microloans and small-business loans?
Their website does not state a rate for this. - Can I apply online, or do I need to call or visit?
We found no online application on their website. - Do you offer free coaching or help preparing my application?
CDFI certification requires development services, such as training or advice, alongside lending. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$8.7 million in 10 awards from the U.S. Treasury's CDFI Fund, 1997–2022 (4 programs).
| Round year | Program | Amount |
|---|---|---|
| 2022 | CDFI Equitable Recovery Program | $500,000 |
| 2021 | CDFI Program, Financial Assistance | $500,000 |
| 2021 | CDFI Rapid Response Program | $1,826,265 |
| 2020 | CDFI Program, Financial Assistance | $520,000 |
| 2018 | CDFI Program, Financial Assistance | $700,000 |
| 2015 | CDFI Program, Financial Assistance | $1,400,000 |
| 2014 | CDFI Program, Financial Assistance | $1,500,000 |
| 2010 | CDFI Program, Financial Assistance | $750,000 |
| 2001 | CDFI Program, Technical Assistance | $50,000 |
| 1997 | CDFI Program, Financial Assistance | $1,000,000 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Size of the fund (IRS Form 990)
Fiscal year ending Jun 2024| Total assets | $26.2M |
|---|---|
| Total liabilities | $13.7M |
| Net assets | $12.5M |
| Total revenue | $2.8M |
| Notes and loans receivable, net (Part X line 7) | $14.2M |
End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending June 2024 (tax year 2023; EIN 22-2807816, filed as “COOPERATIVE BUSINESS ASSISTANCE CORPORATION”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2024). Figures are self-reported to the IRS, not audited by us, and lag one to two years behind today. The lender’s own annual report may show newer numbers. This organisation’s filings on ProPublica Nonprofit Explorer
Filings over time
| Fiscal year ending | Total assets | Net assets | Revenue | Notes and loans receivable |
|---|---|---|---|---|
| Jun 2021 (990) | $22.5M | $8.4M | $4.4M | $10.6M |
| Jun 2022 (990) | $25.5M | $11.7M | $5.4M | $9.9M |
| Jun 2023 (990) | $27.1M | $12.2M | $3M | $14.2M |
| Jun 2024 (990) | $26.2M | $12.5M | $2.8M | $14.2M |
Total assets grew 17% from Jun 2021 to Jun 2024; notes and loans receivable rose 34%. One row per fiscal year in the IRS extracts of returns processed in 2022, 2023, 2024; “—” = the line was empty or zero on that return (a fund can book its loans on other lines).
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Largest loan its website states | $250,000 | Other loan funds whose website states a maximum: median $275,000. Higher than the stated maximum of 38% of these 184. |
| Total assets, latest IRS Form 990 | $26.2M | Larger than 60% of the 5 other certified loan funds and venture funds in New Jersey with a matched Form 990 (median $11.4M). |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Largest stated loan | other loan funds stating a maximum, nationwide | 184 | higher than 38% |
| Form 990 total assets | certified loan and venture funds with a Form 990, in New Jersey | 5 | larger than 60% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered. Peer groups and sources: methodology. Form 990 figures: IRS annual extracts (see the Form 990 section).
Other certified CDFIs in Camden and New Jersey
- 1ST Bergen Federal Credit UnionCredit union · Hackensack, NJAuto / vehicle loans, Credit-builder loans, Microloans, Personal / consumer loans…Verified
- Cumberland Empowerment Zone CorporationLoan fund · Millville, NJMicroloans, Small-business loansVerified
- Eastern American Economic Development CorporationLoan fund · Palisades Park, NJCommercial real estate loans, Microloans, Home mortgages, SBA-backed loans (7(a)/504/Community Advantage)…Verified
- Entertainment Industries FCUCredit union · Elizabeth, NJAuto / vehicle loans, Home mortgagesVerified
- Financial Resources Federal Credit UnionCredit union · Branchburg, NJAuto / vehicle loans, Home repair / improvement loans, Personal / consumer loansVerified
- Greater Newark Enterprises CorporationLoan fund · Newark, NJSmall-business loansVerified
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