# First Commerce Bank SBA loans **Short answer:** First Commerce Bank made 49 SBA loans from October 2019 to June 2026, 6 of them since October 2023. 89.8% of them went to businesses in New Jersey, per SBA's loan file. Canonical page: https://www.sbaexpress.loans/sba-express-lenders/first-commerce-bank/ Data as of: 2026-06-30 This site is not First Commerce Bank sbaexpress.loans is not First Commerce Bank, and First Commerce Bank did not provide, review or pay for this page. Janover Capital LLC runs this site. The loan figures here come from SBA's public 7(a) loan file, not from First Commerce Bank. A small base First Commerce Bank has 49 loans in the period shown. Medians and shares on so few loans can swing on a few loans, so use them as a rough guide. ## Loan sizes $210,000: 25th percentile $350,000: Median loan $1,100,000: 75th percentile 10 years: Median term The median loan First Commerce Bank approved from October 2019 to June 2026 was $350,000. A quarter of its loans were smaller than $210,000 and a quarter were larger than $1,100,000. For all lenders the median was $200,000. Its median loan is larger than the all-lender median. The average loan was $852,788. Share of loans by size, October 2019 to June 2026 - $50,000 or less: Fewer than 5 - $50,001 to $150,000: 18.4% - $150,001 to $350,000: 28.6% - $350,001 to $500,000: 10.2% - $500,001 to $1,000,000: 10.2% - $1,000,001 to $2,000,000: 18.4% - Over $2,000,000: 10.2% Shares are of all 49 loans. Fewer than 5 marks a band whose count we do not publish. ## Age of the businesses it lends to The largest group was businesses in operation more than 2 years, at 73.5% of this lender's loans, against 54.6% for all lenders. Share of loans by age of the business, October 2019 to June 2026 - In business more than 2 years: 73.5% - In business 2 years or less: Fewer than 5 - Startup (the loan opens the business): Fewer than 5 - Change of ownership: Fewer than 5 Fewer than 5 marks a group whose count we do not publish. ## SBA Express and lines of credit 34.7% of this lender's loans went through SBA Express, below the 38.5% for all lenders. 22.4% were lines of credit, below the 27.2% for all lenders. **SBA Express and line-of-credit share, October 2019 to June 2026** | Share of loans | First Commerce Bank | All lenders | | --- | --- | --- | | Through SBA Express | 34.7% | 38.5% | | Lines of credit | 22.4% | 27.2% | A line of credit lets a business draw money, repay it and draw again. SBA's file flags these loans as revolving. What SBA Express means An SBA Express loan can be up to $500,000. On these loans, the lender makes the credit decision without prior SBA review. Source: SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126); SOP 50 10 8.1, Sec. B, Ch. 2, Para. C.2 (Para. C begins p. 127). ## Where it lends The most loans went to businesses in New Jersey: 44 of 49, or 89.8%. State is where the business is, not where the lender is based. **Top states, October 2019 to June 2026** | State | Loans | Share of its loans | | --- | --- | --- | | New Jersey | 44 | 89.8% | ## What it lends to Limited-Service Restaurants had the most loans: 6 of 49. The table lists industries with 5 or more loans, at most five. **Top industries, October 2019 to June 2026** | Industry | Loans | Share of its loans | | --- | --- | --- | | [Limited-Service Restaurants](https://www.sbaexpress.loans/industries/limited-service-restaurants/) | 6 | 12.2% | Industry is the NAICS code recorded on each loan. ## About the lender - **Type:** Bank - **Location:** Lakewood, NJ (headquarters, per FDIC) - **FDIC certificate number:** 58054 - **Official website:** [www.firstcommercebk.com](https://www.firstcommercebk.com) (as FDIC has it on file; we do not control it) This page describes loans SBA approved. It does not show denied applications, today's rates, fees or credit standards. It is not an offer from First Commerce Bank. To ask First Commerce Bank about a loan, contact it directly. ## Starting rates and spread over Prime SBA's file gives no starting-rate median across several years. Prime moved too much between 2019 and 2026 for one figure to mean anything. First Commerce Bank approved 49 loans from October 2019 to June 2026. The median spread on those loans was 1.5 percentage points over Prime, against 2.6 percentage points over Prime for all lenders. On the 6 loans approved from October 2023 to June 2026, the median starting rate was 8.62%, against 10.25% for all lenders. That is a small group, so treat it as rough. The starting rate follows Prime on the day a loan was approved. The spread over Prime is the steadier way to compare lenders and years. Spread is measured on variable-rate loans only. SBA's ceiling on variable rates For variable-rate loans, SBA caps the rate at Prime plus 3.0 to 6.5 percentage points, depending on loan size. Today's ceilings by loan size are on the [rates page](https://www.sbaexpress.loans/rates/). Source: 13 CFR § 120.214(d). ## Loans by year SBA loans approved by fiscal year - FY2020: 20 - FY2021: 8 - FY2022: 10 - FY2023: 5 - FY2024: Fewer than 5 - FY2025: 5 - FY2026 (through June 30): 0 SBA's fiscal year runs October 1 to September 30. FY2026 covers October 1, 2025 to June 30, 2026 only. Fewer than 5 marks a year whose count we do not publish. ## Charge-offs 0.0%: Charged off, by loans 0.0%: Charged off, by dollars 38: Loans approved FY2020 to FY2022 First Commerce Bank approved 38 loans from October 2019 to September 2022. By June 30, 2026, none had been charged off. By loans that is lower than the 3.6% for all lenders. By dollars the rate was 0.0%, against 0.9% for all lenders. How charge-offs are counted We count only loans approved October 1, 2019 to September 30, 2022 (FY2020 to FY2022). Newer loans have not had time to go bad. A charge-off means the lender wrote the loan off as a loss. The rate by loans is charged-off loans divided by approved loans. The rate by dollars is the charged-off balance divided by approved dollars. Both run through June 30, 2026. The two rates can differ widely for a lender that writes many small loans. A small loan adds one to the count but little to the dollars. SBA's file covers approved loans only. This says nothing about how often applications are approved. ## Lenders with a similar number of loans These five lenders are the nearest to First Commerce Bank by number of SBA loans. Their pages show the same figures, so you can compare loan sizes and loan types. First Commerce Bank sits in the middle of this group on each measure shown. **Lenders closest to First Commerce Bank by loans, October 2019 to June 2026** | Lender | Loans | Median loan | Express | Lines of credit | Charge-offs | | --- | --- | --- | --- | --- | --- | | [Beneficial State Bank](https://www.sbaexpress.loans/sba-express-lenders/beneficial-state-bank/) | 49 | $597,000 | 0.0% | 0.0% | 0.0% | | **First Commerce Bank** | 49 | $350,000 | 34.7% | 22.4% | 0.0% | | [First National Bank (Fort Pierre, SD)](https://www.sbaexpress.loans/sba-express-lenders/first-national-bank/) | 49 | $185,000 | 57.1% | 12.2% | 0.0% | | [Flagstar Bank](https://www.sbaexpress.loans/sba-express-lenders/flagstar-bank/) | 49 | $280,000 | 61.2% | 49.0% | 0.0% | | [Touchmark National Bank](https://www.sbaexpress.loans/sba-express-lenders/touchmark-national-bank/) | 49 | $693,600 | 0.0% | 0.0% | 0.0% | | [TruNorth Bank](https://www.sbaexpress.loans/sba-express-lenders/trunorth-bank/) | 49 | $200,000 | 40.8% | 34.7% | 0.0% | Express and lines of credit are shares of loans. Charge-offs are the share of loans approved October 2019 to September 2022 that had been charged off by June 30, 2026. Fewer than 5 marks a share that would stand for 1 to 4 loans, which we do not publish. How to read this Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. A lender's past loans do not describe its current credit policy. Recent loans were approved October 1, 2023 to June 30, 2026. The full file starts October 1, 2019. SBA's fiscal year runs October 1 to September 30. Express counts SBA Express and Export Express loans. Spread over Prime is measured on variable-rate loans. This lender has 49 loans in the period shown, so its medians and shares can swing on a few loans. [How we build these pages](https://www.sbaexpress.loans/method/). ## Sources - [SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026](https://data.sba.gov/dataset/7a-504-foia) - [13 CFR § 120.214(d)](https://www.ecfr.gov/current/title-13/section-120.214) - [SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx) - [SOP 50 10 8.1, Sec. B, Ch. 2, Para. C.2 (Para. C begins p. 127)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx) - [FDIC BankFind: institution directory (headquarters and website)](https://banks.data.fdic.gov/bankfind-suite/bankfind)