Somerset Trust approved 26 SBA loans worth $9.6M between October 2021 and June 2026, ranking #777 of 2,283 SBA lenders nationally by loan count. Its median loan was $173,800, and 62% went to startups or businesses under two years old. It lent in 3 states, most often in Pennsylvania, and its most financed industry was manufacturing.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Pennsylvania | 22 | $5.5M | $173,800 | #63 |
| Maryland | 3 | $3.9M | $108,000 | #100 |
| Virginia | 1 | $200K | $200,000 | #177 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Manufacturing | 6 | $325,000 | |
| Restaurants and hotels | 5 | $124,000 | |
| Health care and social assistance | 3 | $197,600 | |
| Transportation and warehousing | 2 | $37,000 | |
| Arts, entertainment and recreation | 2 | $154,000 | |
| Professional and technical services | 2 | $321,500 | |
| Other services (repair, personal care) | 2 | $210,350 | |
| Construction | 1 | $100,000 | |
| Real estate and rental | 1 | $398,100 | |
| Retail | 1 | $400,000 |