CommerceFirst Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by CommerceFirst Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621340 | Offices of Physical, Occupational and Speech Therapists, and Audiologists | 7 | $700K | $100K | 5.5% |
| 541611 | Administrative Management and General Management Consulting Services | 6 | $400K | $67K | 4.7% |
| 314999 | All Other Miscellaneous Textile Product Mills | 6 | $4.2M | $700K | 4.7% |
| 611511 | Cosmetology and Barber Schools | 4 | $300K | $75K | 3.1% |
| 541330 | Engineering Services | 3 | $2.2M | $733K | 2.3% |
| 812910 | Pet Care (except Veterinary) Services | 3 | $1.1M | $380K | 2.3% |
| 236118 | Residential Remodelers | 3 | $435K | $145K | 2.3% |
| 541512 | Computer Systems Design Services | 3 | $1.9M | $633K | 2.3% |
| 624410 | Child Care Services | 3 | $561K | $187K | 2.3% |
| 541940 | Veterinary Services | 2 | $225K | $113K | 1.6% |
Geographic Distribution
SBA lending activity for CommerceFirst Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Maryland (MD) | 124 | $34.8M | 96.9% |
| Virginia (VA) | 2 | $1.2M | 1.6% |
| District of Columbia (DC) | 2 | $400K | 1.6% |
Why Choose CommerceFirst Bank?
Based on SBA 7(a) lending track record from 2001-2013
- ✓Proven Track Record: 128 SBA loans approved, totaling $36.4M in financing
- ✓Industry Expertise: Specialized focus on Offices of Physical, Occupational and Speech Therapists, and Audiologists, Administrative Management and General Management Consulting Services, All Other Miscellaneous Textile Product Mills
- ✓Competitive Terms: Average interest rate of 5.66% with flexible term lengths averaging 103 months
- ✓Loan Range: Loan sizes from $20K to $1.5M, with an average of $285K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in MD, DC, VA
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 CommerceFirst Bank SBA lending
What types of businesses does CommerceFirst Bank typically finance?
CommerceFirst Bank specializes in SBA 7(a) lending to specific industries including offices of physical, occupational and speech therapists, and audiologists, administrative management and general management consulting services, all other miscellaneous textile product mills, cosmetology and barber schools. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are CommerceFirst Bank's typical SBA loan terms?
CommerceFirst Bank's SBA 7(a) loans typically feature an average interest rate of 5.66% and average term length of 103 months (approximately 9 years). Loan sizes range from $20K to $1.5M, with an average loan size of $285K.
Do I need a business valuation for a CommerceFirst Bank SBA loan?
Yes, CommerceFirst 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 CommerceFirst Bank compare to other SBA lenders?
CommerceFirst Bank has originated 128 SBA loans totaling $36.4M since 2001. 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 CommerceFirst Bank lend in?
CommerceFirst Bank provides SBA 7(a) financing with particularly strong presence in MD, DC, VA. 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.
Get your certified valuation from Fair Market Value.