Commercial Private Banking Image

Commercial Private Banking

Commercial Private Banking

At Peapack-Gladstone Bank we understand that your business may be the most important asset your family has. We offer middle market companies peace of mind and the expertise of one team, dedicated to providing solid guidance and advice.


Image Commercial Private Banking


Commercial and Industrial (C&I) and Commercial Real Estate

Our Commercial Private Bankers, who specialize in Commercial and Industrial (C&I), Commercial Real Estate, Multi-Family and Small Business Administration lending, provide customized solutions for each transaction, focusing on helping clients achieve their goals. From acquisition, equipment, working capital and owner occupied real estate financing, we provide solutions designed specifically to fit your needs, not ours.

What do we focus on? Building long term relationships and helping clients build their legacy.


Learn about the industry-wide transition from the London Interbank Offered Rate, or LIBOR benchmark rate, and what we're doing to prepare.  LIBOR transition


Community Private Banking

Do you need working capital right now?  Do you need to grow your business quickly?  We've streamlined our loan process for small business term loans or lines of credit, up to $250,000, for companies located within New Jersey.  

We also offer a full suite of additional small business lending solutions, as well as term loans and lines of credit in excess of $250,000.  For more information, please reach out to your Private Banker or contact David Nunez, SVP Head of Community Banking  at dnunez@pgbank.com.

  • Revolving and Working Capital Lines of Credit
  • Equipment Term Loans
  • Leasehold Improvement Loans
  • Owner-Occupied Commercial Mortgages
  • Letters of Credit
  • New Jersey Economic Development Authority Loans
  • Loans Secured by Marketable Securities or Brokerage Accounts

Professional Services Group

The Professional Services Group at Peapack-Gladstone Bank has an expertise in banking professional firms including law, accounting, engineering, and architectural firms, and their partners and clients. We offer professional firms peace of mind and the expertise of one private banking team, dedicated to providing solid guidance, advice and holistic solutions.


Treasury Management Solutions

Enhancing your ability to make sound decisions and improve financial performance with customized treasury management solutions for your business is our priority. Designed to provide maximum control, processing efficiency and convenience, our solutions – like everything else at Peapack-Gladstone Bank - can be tailored to meet the needs of your working capital structure and streamline your daily treasury functions. With solutions like the PGB Insured Liquidity Sweep+ , that offers millions in FDIC insurance, we’re able to work with you to protect and manage your working capital more efficiently. You have worked hard for your money. Don't you deserve the best possible partner to help you manage your legacy?

PGB Insured Liquidity Sweep


COLLECTION SOLUTIONS PAYMENT SOLUTIONS LIQUIDITY AND MANAGEMENT SOLUTIONS
ACH Origination ACH Origination ACH Debit Block
Integrated Lock-Box Card Solutions BAI Reporting
Merchant Services Online Bill Pay Checking Account Sweep
Mobile Deposit Web Initiated Domestic Wire Transfers Insured Liquidity Sweep
Remote Deposit Web Initiated Foreign Wire Transfers Mobile Banking
Vault Solutions
Online Escrow Management and IOLTA
    Online Reporting and Account Management


Positive Pay Fraud Protection
    Zero Balance Accounts

+Funds participating in the PGB Insured Liquidity Sweep Account are deposited into deposit accounts at participating banks, which are insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000 for each category of legal ownership, including any other balances you may hold directly or through other intermediaries, including broker-dealers. The total amount of FDIC insurance for your account depends on the number of banks in the program. If the balance in your account is greater than the FDIC insurance coverage in the program, any excess funds will not be insured. Please read the Program Terms and Conditions carefully before depositing money into the program and for other important customer disclosures of information. To assure your FDIC coverage, please regularly review banks in which your funds have been deposited, and notify your bank immediately if you do not want to allocate funds to a particular bank or banks.


Small Business Administration - SBA Preferred Lender


Peapack-Gladstone Bank helped over 2,000 local businesses through the Paycheck Protection Program and saved thousands of New Jersey jobs.  That's community banking.  We've been doing it for 100 years.

At Peapack-Gladstone Bank, we are rooted in supporting our communities, especially during challenging times.  If you are looking for a Bank that will be there for you when you need it most, look no further than Peapack-Gladstone Bank.


Paycheck Protection Program

Peapack-Gladstone Bank is proud to have saved nearly 50,000 jobs by supporting small businesses through the Paycheck Protection Program (PPP).

PPP 2.0 Program Highlights     PPP 2.0 Document Requirements


I
mportant information from the SBA: 

PPP First Draw Loans       PPP Second Draw Loans

PPP Second Draw Loans:  How to Calculate Revenue Reduction and Maximum Loan Amounts Including What Documentation to Provide  CLICK HERE


PPP Application Process at Peapack-Gladstone Bank


1)  FIRST DRAW PPP LOANS - EXISTING PGB CLIENTS ONLY

If you are an existing Peapack-Gladstone Bank client ready to apply for a First Draw PPP Loan, email PPP2021@pgbank.com to receive instructions on how to apply through our partner, The Loan Source.


2)  SECOND DRAW PPP LOANS

If you have already received PPP funding and are ready to apply for a Second Draw PPP Loan, click below to apply:

APPLY HERE

 

In making your decision to apply for the latest round of PPP, please consult with your legal, tax, accounting, or financial advisors, as necessary.


PPP Forgiveness Process at PGB

Peapack-Gladstone Bank has engaged The Loan Source to take over the forgiveness and ongoing servicing process for a portion of its PPP loans.

The Loan Source and its servicing partner, ACAP SME, LLC, have invested heavily in technologies and personnel, to aid PPP borrowers through the forgiveness process via an online portal.  Visit www.theloansource.com for more information and to register for forgiveness.

The Loan Source User Guides - Forgiveness

If you have questions regarding the SBA rules, guidelines and applications for processing PPP Loan Forgiveness, please click here.


SBA Preferred Lender

We are an SBA Preferred Lender  with a proven track record and a proficiency in processing and servicing SBA-guaranteed loans. Our Preferred Lender designation acknowledges our commitment and dedication to helping the small business community continue to grow and prosper, and allows us to expedite the loan process.

Our SBA division offers small business owners tailored assistance to support their financing needs, and to help their businesses to succeed. Our team has over 30 years of SBA experience, exemplifying Peapack-Gladstone Bank’s reputation as a high-performing boutique bank that is capable of offering our clients the most convenient and sought-after products and solutions.

SBA 7(a) Loans

Peapack-Gladstone Bank participates in the SBA 7(a) Loan Program, which is designed to assist start-up and existing small businesses attain their financing needs for nearly any business purpose to assist in business growth. The SBA programs have enabled existing small businesses to obtain financing when they might not be eligible for business loans through conventional lending channels. Program highlights:

  • Loan amounts up to $5 Million with terms up to 25 years.
  • Business uses include: machinery & equipment purchases, leasehold improvements, owner-occupied commercial real estate (including purchase, renovation and new construction), business acquisitions, franchise financing and working capital.

SBA Express Program

Peapack-Gladstone Bank participates in the SBA Express Loan Program offering lines of credit up to $350,000 to qualified businesses, which provides financing to assist in maximizing the working capital and cash flow needs of your business.

SBA 504 Loan Program

In addition to the SBA 7(a) and SBA Express Loan Programs, the Bank participates in the SBA 504 Loan Program. This economic development program offers small businesses long-term, fixed-rate financing used to acquire fixed assets for expansion or modernization. Program highlights:

  • Loan program consists of Peapack-Gladstone Bank’s loan made in conjunction with a second loan guaranteed by the SBA.
  • Down payments as low as 10%.
  • Business uses include: commercial real estate purchase or construction (owner-occupied), machinery & equipment and renovations (No working capital).

View recent deals


Commercial Private Banking Leadership

Gregory M. Smith 
Senior Executive Vice President, President Commercial Banking 

gsmith@pgbank.com

Vincent A. Spero
Executive Vice President, Head of Commercial Real Estate
vspero@pgbank.com 

Stuart Vorcheimer 
Executive Vice President, Head of Commercial and Industrial Lending 

svorcheimer@pgbank.com

David Nunez
Senior Vice President, Head of Community Banking

dnunez@pgbank.com

Andrew M. Glatz
Senior Managing Director, Head of SBA 

aglatz@pgbank.com

Terese Gardenier
Senior Managing Director, Head of Treasury and Escrow Management
tgardenier@pgbank.com

All Banking Should Be Private Banking.

PEAPACK-GLADSTONE BANK IS A HIGH-PERFORMING BOUTIQUE BANK, LEADERS IN WEALTH, LENDING AND DEPOSIT SOLUTIONS, KNOWN NATIONALLY FOR UNPARALLELED CLIENT SERVICE, INTEGRITY AND TRUST.