Commerce Bancorp, LLC
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Commerce Bancorp, LLC · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 541512 | Computer Systems Design Services | 2 | $1.0M | $518K | 25.0% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 1 | $290K | $290K | 12.5% |
Geographic Distribution
SBA lending activity for Commerce Bancorp, LLC by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Pennsylvania (PA) | 2 | $2.2M | 25.0% |
| New Jersey (NJ) | 4 | $1.9M | 50.0% |
| Delaware (DE) | 2 | $800K | 25.0% |
Why Choose Commerce Bancorp, LLC?
Based on SBA 7(a) lending track record from 1999-2001
- ✓Proven Track Record: 8 SBA loans approved, totaling $4.9M in financing
- ✓Industry Expertise: Specialized focus on Computer Systems Design Services, Lessors of Nonresidential Buildings (except Miniwarehouses)
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 98 months
- ✓Loan Range: Loan sizes from $35K to $1.2M, with an average of $616K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in NJ, PA, DE
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 Commerce Bancorp, LLC SBA lending
What types of businesses does Commerce Bancorp, LLC typically finance?
Commerce Bancorp, LLC specializes in SBA 7(a) lending to specific industries including computer systems design services, lessors of nonresidential buildings (except miniwarehouses). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Commerce Bancorp, LLC's typical SBA loan terms?
Commerce Bancorp, LLC's SBA 7(a) loans typically feature an average interest rate of — and average term length of 98 months (approximately 8 years). Loan sizes range from $35K to $1.2M, with an average loan size of $616K.
Do I need a business valuation for a Commerce Bancorp, LLC SBA loan?
Yes, Commerce Bancorp, LLC 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 Commerce Bancorp, LLC compare to other SBA lenders?
Commerce Bancorp, LLC has originated 8 SBA loans totaling $4.9M since 1999. 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 Commerce Bancorp, LLC lend in?
Commerce Bancorp, LLC provides SBA 7(a) financing with particularly strong presence in NJ, PA, 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.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Certified valuations are often required for SBA loans over $250,000.
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