First Commerce Bank
Description
First Commerce Bank offers comprehensive SBA lending solutions tailored to small and medium-sized businesses seeking financing options. Whether you need funding for expansion, equipment, or working capital, this bank provides flexible loan programs to support your business goals. Their SBA 7(a) program is particularly well-suited for businesses looking for larger loan amounts, with approval limits reaching up to $300,000. The bank’s experienced team guides clients through the application process, ensuring a smooth experience from start to finish. With a focus on personalized service, First Commerce Bank helps entrepreneurs access the capital they need to grow and succeed in today’s competitive market.
Location
Review
Login to Write Your ReviewThere are no reviews yet.
Q&A
Lender Type
Commercial Bank
Google Rating
4.1
Google Review Count
28
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution offering SBA loan programs tailored for small and medium-sized businesses. You can find information about loan options, application processes, and eligibility criteria to help you secure funding for your business needs.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome during business hours. Calling ahead can help streamline your visit and prepare necessary documentation.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday. It"s best to confirm hours before visiting, as they may vary on holidays or special occasions.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting; however, loan processing and application fees may apply depending on the specific financing arrangement. It"s advisable to review fee details during your consultation.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business owners and entrepreneurs, with a focus on clients in New Jersey and surrounding regions. Eligibility is based on business criteria and creditworthiness, not residency alone.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
Typically, a minimum personal credit score of 640 is preferred, though higher scores may improve approval chances and loan terms.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes between 30 to 45 days, depending on the completeness of your application and the complexity of your financial situation.