1st Colonial Community Bank
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by 1st Colonial Community Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 160 | $113.1M | $707K | 12.5% |
| 721110 | Hotels (except Casino Hotels) and Motels | 56 | $84.5M | $1.5M | 4.4% |
| 541110 | Offices of Lawyers | 40 | $24.8M | $621K | 3.1% |
| 444190 | Other Building Material Dealers | 40 | $19.3M | $484K | 3.1% |
| 561720 | Janitorial Services | 40 | $12.7M | $318K | 3.1% |
| 424990 | Other Miscellaneous Nondurable Goods Merchant Wholesalers | 32 | $20.0M | $626K | 2.5% |
| 812910 | Pet Care (except Veterinary) Services | 32 | $43.4M | $1.4M | 2.5% |
| 811192 | Car Washes | 32 | $40.4M | $1.3M | 2.5% |
| 611620 | Sports and Recreation Instruction | 32 | $29.5M | $922K | 2.5% |
| 238990 | All Other Specialty Trade Contractors | 24 | $8.7M | $361K | 1.9% |
Geographic Distribution
SBA lending activity for 1st Colonial Community Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Jersey (NJ) | 720 | $473.2M | 56.3% |
| Pennsylvania (PA) | 432 | $312.6M | 33.8% |
| New York (NY) | 72 | $65.0M | 5.6% |
| North Carolina (NC) | 32 | $28.2M | 2.5% |
| Delaware (DE) | 16 | $7.8M | 1.3% |
| Florida (FL) | 8 | $6.1M | 0.6% |
Why Choose 1st Colonial Community Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 1,280 SBA loans approved, totaling $892.9M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Hotels (except Casino Hotels) and Motels, Offices of Lawyers
- ✓Competitive Terms: Average interest rate of 6.17% with flexible term lengths averaging 188 months
- ✓Loan Range: Loan sizes from $15K to $4.4M, with an average of $698K
- ✓Nationwide Reach: Active lending in 6 states, with strong presence in NJ, PA, NY
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about 1st Colonial Community Bank SBA lending
What types of businesses does 1st Colonial Community Bank typically finance?
1st Colonial Community Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, hotels (except casino hotels) and motels, offices of lawyers, other building material dealers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are 1st Colonial Community Bank's typical SBA loan terms?
1st Colonial Community Bank's SBA 7(a) loans typically feature an average interest rate of 6.17% and average term length of 188 months (approximately 16 years). Loan sizes range from $15K to $4.4M, with an average loan size of $698K.
Do I need a business valuation for a 1st Colonial Community Bank SBA loan?
Yes, 1st Colonial Community Bank typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does 1st Colonial Community Bank compare to other SBA lenders?
1st Colonial Community Bank has originated 1,280 SBA loans totaling $892.9M since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does 1st Colonial Community Bank lend in?
1st Colonial Community Bank provides SBA 7(a) financing with particularly strong presence in NJ, PA, NY, NC, DE. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
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Professional valuations are often required for SBA loans over $250,000.
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