(Ship Bottom, NJ) June 18, 2014—As part of its commitment to helping local businesses succeed, Provident Bank recently finalized a financing package for Surf Taco Franchise Corporation, a seasonal restaurant with 10 locations throughout the Jersey Shore. The financial package, orchestrated by Ray Eckhoff, Vice President, Business Banking for Provident, included a commercial mortgage loan, commercial term loan, line of credit and business expansion loan to help jumpstart Surf Taco’s summer season and open a new facility on Long Beach Island.
Surf Taco, which first opened on Memorial Day, 2001, in Point Pleasant Beach, NJ, offers a coastal cuisine menu featuring a unique blend of Surf Mex tacos, burritos, wraps, and salads. Most Surf Taco locations are open for lunch and dinner year-round.
About The Provident Bank
With $5.2 billion in deposits, The Provident Bank (www.ProvidentNJ.com) serves its customers via a network of full-service branches throughout northern and central New Jersey. The Provident Bank is the wholly owned subsidiary of Provident Financial Services, Inc. (NYSE:PFS), which reported assets of $7.5 billion as of March 31, 2014.