1st Colonial Community Bank
COLLINGSWOOD, NJ 8108
⭐ SBA Preferred LenderTop Industries Financed
- Full-Service Restaurants
- Hotels (except Casino Hotels) and Motels
- Janitorial Services
- Offices of Lawyers
- Other Building Material Dealers
Quick Summary
1st Colonial Community Bank is an SBA-approved lender headquartered in COLLINGSWOOD, New Jersey. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 160 SBA 7(a) loans totaling $111.6M, with an average loan size of $698K. They serve businesses across 6 states.
About 1st Colonial Community Bank
1st Colonial Community Bank is an SBA-approved lender headquartered in COLLINGSWOOD, New Jersey. Since 2020, they have approved 160 SBA 7(a) loans totaling $111.6M, with an average loan size of $698K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 6 states.
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Frequently Asked Questions
Is 1st Colonial Community Bank an SBA Preferred Lender?
Yes, 1st Colonial Community Bank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has 1st Colonial Community Bank approved?
According to SBA FOIA public records, 1st Colonial Community Bank has approved 160 SBA 7(a) loans totaling $111.6M since 2020. Their average loan size is $698K.
What states does 1st Colonial Community Bank serve?
1st Colonial Community Bank serves businesses in 6 states: Delaware, Florida, North Carolina, New Jersey, New York, Pennsylvania.
How do I apply for an SBA loan with 1st Colonial Community Bank?
To apply for an SBA 7(a) loan with 1st Colonial Community Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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