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Bayonne Community Bank loans review

Find more than basics with this NJ lender — but ask customers about their experiences first.

Bottom line: New Jersey business owners can find a wide range of financing options, but negative employee reviews raise questions about the quality of customer service.

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Business term loans, business lines of credit, business time loans, small business loans, SBA loans, business construction loans, commercial mortgages, passbook loans, auto loans, home equity loans and lines of credit, residential mortgages

Types of loans available

No

Online applications

Details

Types of loans availableBusiness term loans, business lines of credit, business time loans, small business loans, SBA loans, business construction loans, commercial mortgages, passbook loans, auto loans, home equity loans and lines of credit, residential mortgages
Online applicationsNo
Number of branches31
Branch hoursusually 9 a.m. to 5 p.m. weekdays, 9 a.m. to 1 p.m. Saturday
Customer service hours8 a.m. to 6 p.m. weekdays, 8 a.m. to 1 p.m. Saturday, 10. a.m. to 1 p.m. Sunday
Customer service optionsPhone, email, form email
Mobile appYes
Routing number21213520

Review by


Anna Serio is a trusted lending expert and certified Commercial Loan Officer who's published more than 1,000 articles on Finder to help Americans strengthen their financial literacy. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Today, digital publications like Business Insider, CNBC and the Simple Dollar feature her professional commentary, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020.

Expert review

Bayonne Community Bank can be a good option for business owners who want to invest in a bank that serves their community. It offers a wide range of loan programs, plus specialized financing for small businesses. And unlike most community banks, the majority of branches are open on Saturdays.

But while customers haven’t left many reviews, employees paint a mostly negative picture of the company. You might be able to find high-quality customer service at another community bank that serves your area.

What is Bayonne Community Bank?

Bayonne Community Bank, more commonly known as BCB Bank, is a local New Jersey financial institution with branches in Long Island and Staten Island, New York. Like many community banks, it was founded with a mission to offer relationship-based lending and otherwise invest in the local community.

You may have seen employees putting together aid kits for homeless veterans, building homes for Habitat for Humanity in Patterson or running a drive for back-to-school supplies. It also makes monthly contributions to local nonprofits through its Pay It Forward program.

Types of loans available through BCB Bank

You can find a wide range of financing for your business — and options to cover personal expenses too.

  • Business loans. Funding for a large, fixed expense like buying equipment, typically backed by a business asset.
  • Business lines of credit. Regular access to cash as your business needs funds for working capital, seasonal costs and unexpected expenses.
  • Business time loans. Usually a short-term loan to tide your business over while you wait for funds to come in, like payment for completing a contract.
  • Small business loans. Term loans up to $500,0000 designed to help small businesses cover expansion and acquisition costs, construction, buy equipment or provide working capital.
  • SBA loans. BCB offers government-backed loans through the Small Business Administration's (SBA's) popular 7(a) program, which you can use for most business needs.
  • Commercial construction loans. Financing designed to cover the cost of your business's large construction projects.
  • Commercial mortgages. Funds to buy multifamily homes, apartments, retail centers and other real estate properties for business use.
  • Passbook loans. Loans backed by your BCB savings account to access the funds without having to make a withdrawal.
  • Auto loans. Financing for buying a new or used car, with discounts available if you sign up for autopay from a BCB checking account.
  • Home equity loans and lines of credit. Tap into the value of your home to cover one-time or ongoing personal expenses, like home improvements or supplementing a student loan.
  • Residential mortgages. Home loans for personal use with options for fixed-rate, adjustable-rate and FHA mortgages.

How borrowing works

All BCB Bank loans are available by appointment. Typically your loan officer asks you to bring financial statements to your first meeting so you can discuss what type of financing is the right fit.

Turnaround times for first-time community bank loans can run several weeks. But unlike faster lenders, BCB Bank can provide expert advice and help ensure your business signs up for the most beneficial loan available.

How to get started

Follow these steps to set up your first appointment.

  1. Go to the BCB Bank website.
  2. Click or tap Your business in the main menu.
  3. Select the type of loans you want for your business — Loans and lines of credit are your standard financing options that aren't attached to a special program.
  4. Call or email one of the commercial loan officers and ask to set up an appointment.

Not sure what you need? Get started by calling the commercial lending team at 201-823-0700.

Pros

  • Most branches open Saturdays
  • Customer service available Sundays
  • Mobile app

Cons

  • Branches only open during business hours over the week
  • Poor employee reviews

See other business loans

Compare how BCB Bank stands up against online lenders.

Name Product Filter Values Loan amount APR Requirements

Fora Financial business loans
Finder Rating: 4.1 / 5: ★★★★★

Fora Financial business loans
$5,000 – $500,000
Varies
6+ months in business, $12,000+ monthly revenue, no open bankruptcies
Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Best for companies with at least six figures in annual revenue.

Lendio business loans
Finder Rating: 4.75 / 5: ★★★★★

Lendio business loans
$500 – $5,000,000
Starting at 6%
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.

OnDeck short-term loans
Finder Rating: 4.6 / 5: ★★★★★

OnDeck short-term loans
$5,000 – $250,000
As low as 35%
600+ personal credit score, 1 year in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.

National Funding business loans
Finder Rating: 4.75 / 5: ★★★★★

National Funding business loans
$5,000 – $500,000
4% to 8%
Be in business at least one year and make at least $150,000 in annual sales. Other loan types have additional requirements.
Working capital loans and equipment financing, some high-risk industries may be eligible.

Fundbox lines of credit
Finder Rating: 4.2 / 5: ★★★★★

Fundbox lines of credit
$1,000 – $150,000
Not stated
6 + months in business, $100,000+ in annual revenue, 600+ credit score
Get flat rate, short-term financing based on the financial health of your business, not your credit score.
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BCB Bank reviews and complaints

BBB accredited No
BBB rating A+
BBB customer complaints 1 customer complaints
Yelp 1 out of 5 stars, based on 2 customer reviews
Glassdoor 2.2 out of 5 stars, based on 33 customer reviews
Indeed 2.8 out of 5 stars, based on 40 customer reviews
Customer reviews verified as of 01 December 2020

BCB gets a few, mostly negative online reviews. But it's generally not enough to make a judgment about it as a lender. Talk to other New Jersey or New York business owners who have experience borrowing with BCB to get a gist of the quality of customer service.

What do employees say?

Employees give BCB Bank mostly negative reviews. Several mention low pay and office politics as a negative. This could be a bad sign. Poor communication and low morale can negatively affect the quality of service. And low pay can make it difficult to establish a long-term relationship with a loan officer.

More products available at this bank

Consider also signing up for one or more of the following products to keep your personal and business finances in one place:

  • Accounting and CPA services
  • Attorney trust accounts
  • Business healthcare management
  • Checking and savings accounts
  • Commercial real estate services
  • IRAs
  • Personal CDs

BCB Bank history

BCB was founded in Bayonne, New Jersey in 2000. It's since grown to 31 branches, mostly by acquiring other banks like Pamrapo Savings Bank and Allegiance Community Bank. But looks like it might not be expanding anymore in the near future. It's closing branches in Lodi and Colonia at the end of 2020.

Read our guide to the best business loans of the year to learn about more options.

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