SBA lender profile
Somerset Regal Bank
Somerset Regal Bank appears in the public SBA loan data with 95 funded 7(a) loans since FY2010, totaling $47.9M, an average of $505K per loan, and an estimated 1,394 jobs supported. Its SBA lending concentrates in New Jersey and the Accommodation and Food Services sector. Across its 7(a) loans, the charge-off rate is 6.3%. 55.8% of its 7(a) loans were processed under delegated PLP authority.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 58
- Scale 52
- Activity 30
- Consistency 82
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Somerset Regal Bank the right lender for you?
Lenders fund what they know. Somerset Regal Bank's SBA lending concentrates in New Jersey (89 loans) and Accommodation and Food Services (26 loans), at an average loan of $505K. If your business does not look like that, a different SBA lender is likely the better fit.
See which SBA lenders fund businesses like yours →Ranked on the funded-loan record, not on who pays. Free, and your details go only to the lenders we match you to.
Bank profile
via FDIC- Total assets
- $1.1B
- Headquarters
- Bound Brook, NJ
- FDIC cert
- #28778
- Status
- Active
Where Somerset Regal Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| New Jersey | 89 | $46.2M |
| New York | 3 | $1.0M |
| Pennsylvania | 2 | $360K |
| Connecticut | 1 | $350K |
What Somerset Regal Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 26 | $11.2M |
| Retail Trade | 14 | $8.4M |
| Other Services | 10 | $6.3M |
| Health Care and Social Assistance | 12 | $6.1M |
| Manufacturing | 11 | $4.9M |
| Wholesale Trade | 8 | $2.9M |
Somerset Regal Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 3 | $865K |
| 2011 | 8 | $4.7M |
| 2012 | 12 | $6.2M |
| 2013 | 10 | $6.3M |
| 2014 | 14 | $4.0M |
| 2015 | 11 | $7.6M |
| 2016 | 10 | $4.8M |
| 2017 | 6 | $2.6M |
| 2018 | 3 | $865K |
| 2019 | 1 | $100K |
| 2020 | 2 | $862K |
| 2021 | 6 | $6.3M |
| 2022 | 3 | $1.1M |
| 2023 | 3 | $960K |
| 2024 | 1 | $335K |
| 2025 | 1 | $365K |
| 2026 | 1 | $100K |
Related SBA lenders
Other lenders active in New Jersey or in Accommodation and Food Services.
Comparing lenders? See how to choose an SBA lender by track record.
Somerset Regal Bank: frequently asked questions
Does Somerset Regal Bank offer SBA loans?
Yes. Somerset Regal Bank appears in the public SBA data with 95 funded SBA 7(a) loans totaling $47.9M.
How many SBA loans has Somerset Regal Bank made?
Somerset Regal Bank is associated with 95 SBA 7(a) loans totaling $47.9M in the public SBA data (as of 2026-03-31).
What is Somerset Regal Bank's SBA charge-off rate?
About 6.3% of Somerset Regal Bank's 7(a) loans in the data have been charged off. A lower rate is generally a better sign, but it is not a lifetime default rate; see our methodology for how it is calculated.
Where does Somerset Regal Bank do most of its SBA lending?
Somerset Regal Bank's SBA lending in the data is most concentrated in New Jersey, and by industry in Accommodation and Food Services.
Is Somerset Regal Bank an SBA Preferred Lender (PLP)?
The loan record shows Somerset Regal Bank operating under PLP delegated authority: 53 of its 7(a) loans (55.8%) were processed through the Preferred Lenders Program. The SBA grants and renews PLP status and publishes no public roster, so this is the processing record, not a certification.
This page is the public view of your institution's SBA record: rank, trajectory, and market position, computed from the complete public 7(a)/504 dataset. The full competitive picture (your share against named competitors by state and industry, and the growing markets you're absent from) is available to your team.
Request your institution's benchmarking →Mario Bailey. (2026). Somerset Regal Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/somerset-regal-bank/
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