PartnershipAug 4, 2026, 01:55 PM
Unity Bank Joins NJEDA Premier Lender Program
AI Summary
Unity Bancorp, Inc. announced its approval by the New Jersey Economic Development Authority (NJEDA) Board to participate in the NJEDA Premier Lender Program. This program is a strategic partnership between the NJEDA and financial institutions to help small businesses access affordable financing through loan guarantees or participation. Unity Bank's CEO, James A. Hughes, stated that this partnership strengthens the bank's ability to support small business growth and economic development in New Jersey.
Key Highlights
- Unity Bancorp approved by NJEDA Board for Premier Lender Program.
- Program is a strategic partnership between NJEDA and over two dozen banks.
- Designed to help small businesses overcome financial barriers to growth.
- NJEDA can guarantee or participate in commercial loans/lines of credit.
- Unity Bank CEO James A. Hughes emphasized support for small businesses.
- Partnership expands financing opportunities for businesses in service area.
- Unity Bank operates 22 branches across New Jersey and Lehigh Valley, PA.
Price Impact
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