Somerset Regal Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Somerset Regal Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 32 | $29.0M | $905K | 25.0% |
| 621210 | Offices of Dentists | 24 | $14.6M | $608K | 18.8% |
| 722513 | Limited-Service Restaurants | 16 | $5.4M | $340K | 12.5% |
| 448120 | Women's Clothing Stores | 8 | $4.9M | $610K | 6.3% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 8 | $480K | $60K | 6.3% |
| 445291 | Baked Goods Stores | 8 | $1.0M | $130K | 6.3% |
| 624410 | Child Day Care Services | 8 | $2.7M | $335K | 6.3% |
| 445310 | Beer, Wine, and Liquor Stores | 8 | $1.9M | $242K | 6.3% |
| 713990 | All Other Amusement and Recreation Industries | 8 | $16.0M | $2.0M | 6.3% |
| 323111 | Commercial Gravure Printing | 8 | $2.9M | $365K | 6.3% |
Geographic Distribution
SBA lending activity for Somerset Regal Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Jersey (NJ) | 128 | $78.9M | 100.0% |
Why Choose Somerset Regal Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 128 SBA loans approved, totaling $78.9M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Offices of Dentists, Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 7.14% with flexible term lengths averaging 138 months
- ✓Loan Range: Loan sizes from $60K to $2.0M, with an average of $617K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in NJ
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 Somerset Regal Bank SBA lending
What types of businesses does Somerset Regal Bank typically finance?
Somerset Regal Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, offices of dentists, limited-service restaurants, women's clothing stores. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Somerset Regal Bank's typical SBA loan terms?
Somerset Regal Bank's SBA 7(a) loans typically feature an average interest rate of 7.14% and average term length of 138 months (approximately 12 years). Loan sizes range from $60K to $2.0M, with an average loan size of $617K.
Do I need a business valuation for a Somerset Regal Bank SBA loan?
Yes, Somerset Regal 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 Somerset Regal Bank compare to other SBA lenders?
Somerset Regal Bank has originated 128 SBA loans totaling $78.9M 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 Somerset Regal Bank lend in?
Somerset Regal Bank provides SBA 7(a) financing with particularly strong presence in NJ. 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?
Professional valuations are often required for SBA loans over $250,000.
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