GOOD
How competitive are their spreads? Lower = better for you.
GOOD
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
102
2010–2025
Total Volume
$53M
Gross loan amounts
States Active
4
With recorded loans
Programs
7(a) & 504
101 total segments
Somerset Regal Bank has a strong focus on small deals, with 29 of their 101 SBA deals under $150K. This makes them a good fit for borrowers seeking smaller amounts.
With an average 7(a) spread of P+2.39%, Somerset Regal Bank offers competitive pricing compared to the national median of P+2.75%. This could save you money over the life of the loan.
The lender's 17% decline in year-over-year growth suggests they may be tightening their lending criteria. This could make it more challenging for new borrowers to get approved.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 7 504 loans, which use fixed SBA debenture rates.
States where Somerset Regal Bank has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Restaurants & Food Service
Accommodation & Food Services
Manufacturing
Manufacturing
Wholesale Trade
Wholesale Trade
Social Assistance
Health Care & Social Assistance
Food & Beverage Stores
Retail Trade
Physician & Dental Offices
Health Care & Social Assistance
Administrative & Waste Services
Administrative & Waste Services
Auto Repair & Maintenance
Other Services
+ 7 more
All recorded SBA lending activity for Somerset Regal Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| New Jersey · Restaurants & Food Service · $150K – $350K | 7(a) | 7 | P+2.50% | $292K | Q2 2023 |
| New Jersey · Restaurants & Food Service · Under $150K | 7(a) | 7 | P+2.75% | $85K | Q3 2023 |
| New Jersey · Restaurants & Food Service · $350K – $500K | 7(a) | 5 | P+2.50% | $431K | Q3 2021 |
| New Jersey · Manufacturing · $350K – $500K | 7(a) | 4 | P+2.50% | $396K | Q4 2024 |
| New Jersey · Restaurants & Food Service · $500K – $1M | 7(a) | 4 | P+1.88% | $705K | Q3 2023 |
| New Jersey · Manufacturing · Under $150K | 7(a) | 4 | P+2.25% | $109K | Q3 2019 |
| New Jersey · Social Assistance · $350K – $500K | 7(a) | 4 | P+2.00% | $439K | Q3 2018 |
| New Jersey · Restaurants & Food Service · $500K – $1M | 504 | 3 | — | $766K | Q3 2019 |
| New Jersey · Physician & Dental Offices · $500K – $1M | 7(a) | 3 | P+2.25% | $700K | Q1 2021 |
| New Jersey · Manufacturing · $150K – $350K | 7(a) | 2 | P+2.63% | $200K | Q3 2013 |
| New Jersey · Wholesale Trade · Under $150K | 7(a) | 2 | P+2.38% | $63K | Q1 2014 |
| New Jersey · Food & Beverage Stores · $150K – $350K | 7(a) | 2 | P+2.38% | $296K | Q1 2020 |
| New Jersey · Food & Beverage Stores · $1M – $2M | 7(a) | 2 | P+2.50% | $1.2M | Q3 2016 |
| New Jersey · Wholesale Trade · $500K – $1M | 7(a) | 2 | P+2.38% | $665K | Q2 2013 |
| New Jersey · Restaurants & Food Service · $1M – $2M | 7(a) | 2 | P+2.25% | $1.6M | Q3 2021 |
| New Jersey · Administrative & Waste Services · Under $150K | 7(a) | 2 | P+2.63% | $65K | Q4 2014 |
| New Jersey · Auto Repair & Maintenance · Under $150K | 7(a) | 2 | P+2.75% | $145K | Q4 2016 |
| New Jersey · Auto Dealers & Parts · Under $150K | 7(a) | 2 | P+2.63% | $113K | Q4 2014 |
| New Jersey · Physician & Dental Offices · $150K – $350K | 7(a) | 2 | P+2.25% | $338K | Q1 2022 |
| New Jersey · Other Services · $500K – $1M | 7(a) | 2 | P+2.25% | $663K | Q1 2016 |
| New Jersey · Personal Care (Salons, Spas) · $150K – $350K | 7(a) | 2 | P+2.00% | $261K | Q1 2014 |
| New Jersey · Food & Beverage Stores · Under $150K | 7(a) | 2 | P+2.13% | $115K | Q4 2021 |
| New Jersey · Administrative & Waste Services · $500K – $1M | 7(a) | 1 | P+2.00% | $800K | Q1 2013 |
| New Jersey · Arts, Entertainment & Recreation · $1M – $2M | 7(a) | 1 | P+2.00% | $2.0M | Q1 2021 |
| New Jersey · Other Services · $1M – $2M | 7(a) | 1 | P+2.25% | $1.4M | Q1 2016 |
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