Somerset Regal Bank approved 10 SBA loans worth $3.7M between October 2021 and June 2026, ranking #1178 of 2,283 SBA lenders nationally by loan count. Its median loan was $330,000, and 30% went to startups or businesses under two years old. It lent in 1 states, most often in New Jersey, and its most financed industry was health care and social assistance.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| New Jersey | 10 | $3.7M | $330,000 | #81 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Health care and social assistance | 3 | $335,000 | |
| Restaurants and hotels | 3 | $300,000 | |
| Retail | 2 | $370,000 | |
| Administrative and support services | 1 | $100,000 | |
| Manufacturing | 1 | $365,000 |