First Commerce Bank
Headquartered in Lakewood, NJ. Analysis based on 50 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $42.2M.
Total 7(a) loans
50
Total approved
$42.2M
Average loan
$845K
States funded in
3
Charge-off rate
0.00%
FY2020–FY2023 cohort
Paid-in-full rate
39.53%
Average rate
6.20%
Average term
160 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722513 | Limited-Service Restaurants | 6 |
| 445291 | Baked Goods Stores | 3 |
| 722511 | Full-Service Restaurants | 3 |
| 445310 | Beer, Wine, and Liquor Stores | 2 |
| 541211 | Offices of Certified Public Accountants | 2 |
| 238170 | Siding Contractors | 1 |
| 236220 | Commercial and Institutional Building Construction | 1 |
| 236116 | New Multifamily Housing Construction (except Operative Builders) | 1 |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 1 |
| 423690 | Other Electronic Parts and Equipment Merchant Wholesalers | 1 |
Top 10 states
| State | Loans |
|---|---|
| NJ | 45 |
| NY | 4 |
| PA | 1 |
Top franchise brands financed
4 franchise loans across 3 distinct brands.
| Franchise | Loans |
|---|---|
| Taco Bell | 2 |
| Gold's Gym | 1 |
| K-9 Resorts Daycare & Luxury H | 1 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.