First Commerce Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Commerce Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 9 | $6.8M | $751K | 5.4% |
| 541211 | Offices of Certified Public Accountants | 4 | $617K | $154K | 2.4% |
| 445291 | Baked Goods Retailers | 4 | $1.8M | $461K | 2.4% |
| 722511 | Full-Service Restaurants | 4 | $4.0M | $1.0M | 2.4% |
| 441120 | Used Car Dealers | 4 | $1.3M | $321K | 2.4% |
| 812990 | All Other Personal Services | 3 | $885K | $295K | 1.8% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 3 | $500K | $167K | 1.8% |
| 238210 | Electrical Contractors and Other Wiring Installation Contractors | 3 | $450K | $150K | 1.8% |
| 624410 | Child Care Services | 3 | $835K | $278K | 1.8% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 3 | $750K | $250K | 1.8% |
Geographic Distribution
SBA lending activity for First Commerce Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Jersey (NJ) | 148 | $66.2M | 89.2% |
| New York (NY) | 5 | $2.4M | 3.0% |
| North Carolina (NC) | 3 | $1.8M | 1.8% |
| Pennsylvania (PA) | 2 | $1.6M | 1.2% |
| Kansas (KS) | 7 | $1.4M | 4.2% |
| South Carolina (SC) | 1 | $500K | 0.6% |
Why Choose First Commerce Bank?
Based on SBA 7(a) lending track record from 1993-2025
- ✓Proven Track Record: 166 SBA loans approved, totaling $73.9M in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants, Offices of Certified Public Accountants, Baked Goods Retailers
- ✓Competitive Terms: Average interest rate of 6.12% with flexible term lengths averaging 113 months
- ✓Loan Range: Loan sizes from $25K to $5.0M, with an average of $445K
- ✓Nationwide Reach: Active lending in 6 states, with strong presence in NJ, KS, 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 First Commerce Bank SBA lending
What types of businesses does First Commerce Bank typically finance?
First Commerce Bank specializes in SBA 7(a) lending to specific industries including limited-service restaurants, offices of certified public accountants, baked goods retailers, full-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Commerce Bank's typical SBA loan terms?
First Commerce Bank's SBA 7(a) loans typically feature an average interest rate of 6.12% and average term length of 113 months (approximately 9 years). Loan sizes range from $25K to $5.0M, with an average loan size of $445K.
Do I need a business valuation for a First Commerce Bank SBA loan?
Yes, First Commerce 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 First Commerce Bank compare to other SBA lenders?
First Commerce Bank has originated 166 SBA loans totaling $73.9M since 1993. 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 First Commerce Bank lend in?
First Commerce Bank provides SBA 7(a) financing with particularly strong presence in NJ, KS, NY, NC, PA. 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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