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Customers Bank is a commercial lender serving mid to large-sized businesses in Philadelphia, PA, offering tailored financing solutions for expansion, equipment, real estate, and working capital.
Data compiled from public sources
Customers Bank operates as a commercial lending division focused on serving business owners and mid to large-sized enterprises in the Philadelphia, PA market. The company positions itself as a with trust signals to verify partner for businesses at various growth stages, from expansion planning through acquisition activities. Their emphasis is on understanding business-specific financial needs rather than offering one-size-fits-all solutions.
Customers Bank offers a comprehensive range of commercial lending products including short-term loans (18-month terms), long-term financing (10-25 year repayment options), business lines of credit, business credit cards, and SBA loans. They provide listed financing for equipment purchases, real estate acquisition, working capital needs, facility expansion, and business acquisitions. The company also offers venture banking for PE-backed startups, warehouse lending for mortgage companies, and industry-specific equipment financing solutions.
The company distinguishes itself through listed lending experience context across multiple sectors, including venture/technology banking, real estate financing (multi-family, office, retail, industrial), fund financing, and equipment financing. They emphasize tailored solutions and claim to provide "credible insights" and "innovative money management tools" to help businesses navigate industry-specific challenges. Their focus on mid to large-sized businesses suggests they cater to enterprises beyond basic small business lending.
As a commercial lender, Customers Bank's offerings are limited to business borrowers rather than personal consumers, and the website provides general educational information about commercial lending rather than specific approval rates, terms, or pricing details. The company directs inquiries through their contact system rather than offering listed online application processes, which is typical for commercial lending institutions serving larger business accounts.
This is state-level context for Business Loans consumers in Philadelphia, PA. It does not confirm that Commercial Lending Philadelphia PA or this specific location is licensed.
State regulator
Pennsylvania Department of Banking and Securities
Consumer protection
Status: Permitted
Rate context: 6% APR for non-licensed lenders; 24% APR for licensed consumer discount companies
Personal loans are regulated under Pennsylvania usury laws. Licensed consumer discount companies must comply with the Consumer Discount Company Act and are subject to licensing by the Department of Banking and Securities.
Status: Permitted
Rate context: 6% APR for non-licensed lenders; 24% APR for licensed small loan/consumer discount companies
Installment loans are permitted and regulated under the Consumer Discount Company Act. Licensed lenders can charge up to 24% APR and must be regulated by the Pennsylvania Department of Banking and Securities.
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
Commercial Lending Philadelphia PA offers 12 services including Short-term commercial loans (18-month repayment periods), Long-term commercial loans (10-25 year repayment terms), Business lines of credit with revolving borrowing capacity, Business line credit cards, SBA loans for qualified business borrowers, and 7 more.
Commercial Lending Philadelphia PA has profile signals associated with Mid to large-sized businesses in Philadelphia seeking working capital or expansion financing, Companies planning acquisitions, real estate purchases, or equipment upgrades with financing needs exceeding $100K, Venture and PE-backed startups requiring listed banking solutions aligned with growth investment patterns, Mortgage companies and financial institutions needing warehouse lending or fund financing capabilities.
Key strengths: Offers flexible repayment terms ranging from 18-month short-term loans to 10-25 year long-term financing options; Provides multiple loan structures including lines of credit, credit cards, and SBA loans to match different business needs; Specializes in industry-specific and equipment-specific financing solutions tailored to particular business types. Areas to consider: Focuses exclusively on mid to large-sized businesses, leaving small startups and sole proprietors with limited options; Website provides no listed pricing, interest rates, or approval criteria—all inquiries require contacting the bank directly.
In the Business Loans category, comparable providers include Commerce Capital Funding Co., Commercial Lenders of America, Commercial Real Estate Loans USA. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
Customers Bank's commercial lending services are best suited for established mid to large-sized businesses in the Philadelphia area seeking structured financing for growth, expansion, or acquisitions. The main caveat is that this is a B2B lender requiring substantial business size and credit profile; individual consumers and small startups should seek alternative small business lenders with lower minimum funding requirements and more listed online application processes.
Commerce Capital Funding offers fast unsecured business loans, lines of credit, and merchant cash advances for small businesses researching short-term cash access flow solutions.
Profile signals: Small business owners needing fast working capital without bank delays, Merchants with consistent card sales looking for short-term cash access advances
Commercial Lenders of America offers commercial real estate financing, hard money loans, SBA loans, and working capital solutions for small to large businesses with up to $100M in loan amounts.
Profile signals: Real estate investors seeking short-term fix-and-flip or bridge financing, Small business owners needing working capital without collateral for amounts under $725,000
Private commercial real estate lender offering mortgages, bridge loans, and hard money financing for projects from $100K to $2B nationwide and internationally.
Profile signals: Commercial real estate investors seeking bridge financing for time-sensitive acquisitions or auctions, Developers with ground-up construction projects rejected by traditional lenders
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Read guide →New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
The total yearly cost of borrowing money, including the interest rate plus any fees the lender charges. Think of it as the 'true price tag' on a loan.
Lenders are required to show APR by law (Truth in Lending Act) because the interest rate alone can hide fees. Comparing APR across lenders is the most reliable way to find the lower-cost loan.
Example
You borrow $10,000 at 6% interest for 3 years, but there's a $300 origination fee. The interest rate is 6%, but the APR is 6.9% because it includes that fee. You'd pay $304/month and $946 total in interest.
The percentage a lender charges you for borrowing their money, calculated on the amount you still owe. It's the lender's profit for taking the risk of lending to you.
Even a 1% difference in interest rate can cost you thousands over a loan's life. Lower rates mean less money out of your pocket.
Example
On a $20,000 car loan for 5 years: at 5% you pay $2,645 in interest. At 8% you pay $4,332. That 3% difference costs you $1,687 extra.
A person who agrees to repay your loan if you can't. They're equally responsible for the debt, and their credit is affected by your payment behavior.
Cosigning helps people with thin credit get approved or get better rates. But it's a huge risk for the cosigner — they're on the hook for the full amount if you default.
Example
A parent cosigns their child's $30,000 student loan. The child stops paying after 6 months. The parent is now legally required to make the payments or face collections, lawsuits, and credit damage.
How long you have to repay the loan, measured in months or years. A shorter term means higher monthly payments but less total interest paid.
Longer terms feel more affordable monthly but cost much more overall. A 30-year mortgage costs almost double in interest compared to a 15-year mortgage on the same amount.
Example
Borrowing $200,000 at 6.5%: A 15-year term costs $1,742/month ($113,561 total interest). A 30-year term costs $1,264/month ($255,088 total interest). You save $141,527 with the shorter term.
A one-time fee the lender charges to process and set up your loan. It covers their costs for underwriting, verifying your information, and preparing paperwork.
Origination fees are usually 1-8% of the loan amount and are often deducted from your loan proceeds — so you receive less than you borrowed.
Example
You're approved for a $10,000 personal loan with a 5% origination fee. The lender deducts $500 upfront, so you receive $9,500 in your bank account but owe $10,000 plus interest.
The original amount of money you borrowed, before any interest or fees are added. It's the 'real' amount of your debt.
Your interest is calculated on the principal. Paying extra toward principal (not just interest) is the one route to reduce your total cost and pay off a loan early.
Example
You borrow $25,000 for a car. That $25,000 is your principal. Your first payment of $450 might split as $150 toward interest and $300 toward principal, bringing your balance to $24,700.
The process where a lender evaluates your finances — income, debts, credit history, assets — to decide whether to approve your loan and at what rate.
Understanding what underwriters look for helps you prepare a stronger application. They check your DTI ratio, employment stability, credit score, and the asset's value.
Example
You apply for a mortgage. The underwriter reviews your pay stubs (income), bank statements (savings), credit report (history), and orders an appraisal (home value). This takes 2-4 weeks.
Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.
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