Bank · Bound Brook, NJ
Somerset Regal Bank: SBA lending profile
#1178
National rank by loans
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.
SBA loans per fiscal year
0 7 13 20 FY14: 14 loans FY14 14 FY15: 11 loans FY15 FY16: 10 loans FY16 FY17: 6 loans FY17 FY18: 3 loans FY18 FY19: 1 loans FY19 FY20: 2 loans FY20 FY21: 6 loans FY21 FY22: 3 loans FY22 FY23: 3 loans FY23 FY24: 1 loans FY24 FY25: 1 loans FY25 FY26 (Oct to Jun): 2 loans FY26 2 Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.
Where Somerset Regal Bank lends
State Loans Approved Median loan Rank in state
New Jersey 10 $3.7M $330,000 #81
Industries Somerset Regal Bank finances
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
Loan size mix
Under $150,000 30% $150,000 to $500,000 40% $500,000 to $2 million 30% $2 million and up 0% Loan programs used
Preferred Lender (PLP) 50% Standard 7(a) 40% SBA Express 10%
Bank financials · Q2 2026
Total assets
$1.2B
Return on assets (annualized)
0.34%
Tier 1 capital to assets
12.9%
Business (C&I) loans
$19.0M
Noncurrent loans
0.00%
Uninsured deposits
21%
From the bank's FDIC call report. Shown for context, not as a rating. FDIC certificate 28778.
Loan terms
Startups and new businesses
30%
Charge-off rate, 2010 to 2019 loans now closed
9.0%
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See its SBA market share in every state and county, who is taking share from it, how its rates compare, and the busy counties where it makes no loans.
See its market report Figures come from the SBA's public loan records and describe loans the SBA approved, not applications or the lender's full business.
Methodology