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CFG Bank loans review

This bank can be great for financing large growth projects, but isn't a one-stop shop.

Bottom line: This two-branch Baltimore bank offers the basics and has a special financing program for lower middle market companies — but not much else.

Commercial term loans and leases, commercial lines of credit, commercial real estate financing

Types of loans available


Online applications


Types of loans availableCommercial term loans and leases, commercial lines of credit, commercial real estate financing
Online applicationsNo
Number of branches2
Branch hours9 a.m. to 4 p.m. Monday through Thursday, 9 a.m. to 5 p.m. Friday
Customer service hours8:30 a.m. to 11 p.m. Monday to Thursday, 8:30 a.m. to 9 p.m. Friday, 9 a.m. to 5 p.m. Saturday
Customer service optionsPhone, online form
Mobile appYes
Routing number52073519

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

CFG Bank is a local bank that specializes in business financing. Especially if you’re looking for a loan over $3 million and in the healthcare, information technology, business services or manufacturing industries. It also offers your standard loans and lines of credit to businesses in other industries — but you can likely find more options elsewhere.

There’s not a lot of information about how CFG’s programs work online, so consider setting up an appointment to get a feel for what it’s about. And, if possible, reach out to other CFG customers to get a sense of what you’re signing up for.

What is CFG Bank?

CFG Bank is a small, two-branch bank headquartered in Maryland. Its focus is serving small businesses in the area — there are no lending products available to consumers. It doesn't appear to be especially involved in the local community, though the owner recently donated $3 million to the National Aquarium in Baltimore to fund the construction of its waterfront campus.

Types of loans available at CFG Bank

CFG offers the following options for business financing:

  • Term loans and leases. Fixed-term financing to buy or lease equipment, cover the cost of an acquisition or otherwise expand your business, including leveraged lending for businesses that might otherwise struggle to qualify.
  • Lines of credit. Access to credit as needed to finance unpaid invoices, buy inventory or give an advance on other funds set to come in soon.
  • Commercial real estate financing. Funding to buy or refinance owner-occupied commercial property, including cash-out refinancing.

CFG Specialized lending

CFG has a specialized program where it offers financing, and partners business owners with private equity sponsors and other financial institutions. You can use the funds to refinance current debt, expand your business, fund a merger or acquisition or recapitalization.

It's targeted at businesses earning between $1 million and $4 million before interest, taxes depreciations or amortizations (EBITDA) looking for between $3 million to $10 million in financing. And your business must be in one of the following industries to qualify:

  • Healthcare
  • Manufacturing
  • Business services
  • Information technology (IT)

Reach out to a member of CFG's capital market team for more details.

How borrowing works

All CFG loans come with an in-person application, which is common for a community bank. Typically you'll go over your business's financials, like tax returns and balance sheets, and discuss which type of financing would be the best fit for your company. In-person applications can take a while to process — expect a few weeks at least. But you'll get expert advice along the way.

You can get started by calling 410-823-0500 or making appointment at your local branch.


  • Specialized lending program for lower middle market companies
  • Customer service available until 11 p.m. most days
  • Mobile app


  • Only three financing options
  • Branches closed after business hours
  • Only two locations

See more business loans

See how CFG stands up against online lenders by selecting a few pieces of information about your business.

Name Product Filter Values Loan amount APR Requirements

Biz2Credit business loans
Finder Rating: 4.7 / 5: ★★★★★

Biz2Credit business loans
$25,000 – $6,000,000
Starting at 5.99%
6+ months in business; $100,000+ monthly revenue; 500+ credit score
Get only the capital you need through secure, prescreened lenders with this highly rated company offering SBA, expansion, working capital and other loans.

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, active business checking account
A leading online business lender offering flexible financing at competitive fixed rates.

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

Fora Financial business loans
$5,000 – $500,000
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.

ROK Financial business loans
Finder Rating: 4.7 / 5: ★★★★★

ROK Financial business loans
$10,000 – $5,000,000
Starting at 6%
Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales
A connection service for all types of businesses — even startups.

Compare up to 4 providers

CFG Bank reviews and complaints

BBB accredited No
BBB rating A+
BBB customer reviews 5 out of 5 stars, based on 1 customer reviews
Glassdoor 2.9 out of 5 stars, based on 3 customer reviews
Indeed 4.3 out of 5 stars, based on 4 customer reviews
Customer reviews verified as of 01 December 2020

There aren't many online reviews about CFG bank — at least not enough to give you a hint at what you can expect as a customer. But it's still worth looking into. Reach out to the Baltimore and Lutherville business community to see what other business owners have to say about working with this bank.

What do employees say?

Only a few employees posted online reviews — which appear to be mixed in with reviews from a CFG Bank in Morocco. It's also not enough to make an informed judgment about this bank.

Reading employee reviews can give you insight into the customer experience and how likely you are to work with the same loan officer as long as you're with CFG. Ask other members of the Maryland business community how well they are able to maintain relationships with CFG employees.

More products available

Moving other business and personal accounts over to CFG can help keep your finances in one place. You might want to ask about some of the following products when you talk to a loan officer:

  • ACH and wirer transfer services
  • Corporate checking accounts
  • Corporate credit cards
  • Escrow manager
  • Merchant services
  • Personal money market accounts
  • Personal savings accounts

CGF Bank branches

Here's how to get in touch with both CFG locations.

Baltimore branch

Located in Fells Point.

  • Address: 1615 Thames Street, Baltimore, MD 21231
  • Phone: 410-342-8303

Lutherville branch

Located on the border with Towson, Maryland.

  • Address: 11 West Ridgley Road, Lutherville, MD 21093
  • Phone: 410-769-5800

CFG Bank history

CFG Bank was founded in Baltimore in 1927 as La Corona Building and Loan Association. It originally served Highlandtown and East Baltimore residents.

It's since changed its name to CFG Bank and opened the second branch in Lutherville without acquiring another bank. While banks this size are often vulnerable to being acquired by other banks, CFG has managed to avoid takeovers for nearly a century.

Read about the best business loans of the year to see how CFG compares.

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